https://www.engineeringnews.co.za

Sayona CEO resignation won’t impact flagship mine, partner says

The NAL plant in Quebec

The NAL plant in Quebec

30th August 2023

By: Bloomberg

  

Font size: - +

The abrupt departure of Sayona Mining’s top executive won’t impact its flagship lithium mine in Canada, according to top shareholder and operation co-owner Piedmont Lithium.

Sayona said Monday that CEO Brett Lynch will leave immediately for “personal reasons” while its board will conduct a review of the Australian company’s strategic direction. Piedmont’s top executive said those developments won’t stop work at their jointly owned North American Lithium mine in Quebec, one of the few lithium mines in North America.

“A number of people were concerned that he was leaving because things weren’t going well at NAL. And nothing can be further from the truth — that has nothing to do with his departure,” Piedmont CEO Keith Phillips said Tuesday in a phone interview. “Things are going really well at NAL.”

Piedmont has a 25% stake in the mine, which started producing lithium earlier this year, and counts itself as Sayona’s top purchaser of shipments. The North Carolina-based company also owns about 12% of Sayona’s shares, according to data compiled by Bloomberg. Sayona didn’t respond to requests for comment.

Edited by Bloomberg

Article Enquiry

Email Article

Save Article

Feedback

To advertise email advertising@creamermedia.co.za or click here

Showroom

Egoli Gas (Pty) Ltd
Egoli Gas (Pty) Ltd

As a reticulator, Egoli Gas provides natural gas to homes and businesses via underground pipes.

VISIT SHOWROOM 
VEGA Controls SA (Pty) Ltd
VEGA Controls SA (Pty) Ltd

For over 60 years, VEGA has provided industry-leading products for the measurement of level, density, weight and pressure. As the inventor of the...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







301

sq:0.054 0.917s - 140pq - 2rq
Subscribe Now