April 12 (Reuters) - Orocobre Ltd ORE.AX :
* NARAHA LITHIUM HYDROXIDE PLANT APPROVED
* CO TO HOLD A 75% ECONOMIC INTEREST IN PROJECT WITH OPERATIONS TO BE MANAGED BY TTC
* CO, TOYOTA TSUSHO & JV BOARDS APPROVED FINAL INVESTMENT DECISION FOR NARAHA LITHIUM HYDROXIDE PLANT TO BE BUILT IN JAPAN
* TOTAL CAPITAL COSTS FOR PLANT ARE EXPECTED TO BE ABOUT US$77.6 MILLION
* FOR PLANT, OROCOBRE WILL CONTRIBUTE JPY750 MILLION (US$6.8 MILLION) EQUITY AND TTC WILL CONTRIBUTE JPY250 MILLION (US$2.3 MILLION)
* OROCOBRE-PLANT TO BE FUNDED THROUGH A COMBINATION OF JPY9.1 BILLION (US$82.1 MILLION) OF TERM/BRIDGING LOANS AND JPY1.0 BILLION (US$9 MILLION) OF SHAREHOLDER EQUITY
* JV CO WILL BE ENTITLED TO JAPANESE GOVERNMENT SUBSIDY OF US$27.1 MILLION WHICH WILL REDUCE NET CAPITAL COSTS TO US$50.5 MILLION