{"id":37941,"date":"2023-10-05T09:01:33","date_gmt":"2023-10-05T08:01:33","guid":{"rendered":"https:\/\/www.innovationnewsnetwork.com\/?p=37941"},"modified":"2023-10-05T09:01:33","modified_gmt":"2023-10-05T08:01:33","slug":"codelco-and-lithium-power-international-set-to-jointly-mine-for-lithium-in-south-america","status":"publish","type":"post","link":"https:\/\/www.innovationnewsnetwork.com\/codelco-and-lithium-power-international-set-to-jointly-mine-for-lithium-in-south-america\/37941\/","title":{"rendered":"Codelco and Lithium Power International set to jointly mine for lithium in South America"},"content":{"rendered":"
In April, Chile announced a new national strategy to exploit lithium in South America by means of public-private partnerships.<\/p>\n
The state will acquire a majority stake in crucial operations, while private firms will continue to keep control of non-critical projects under the new approach.<\/p>\n
The negotiation of the government\u2019s interest in Albemarle\u2019s and SQM\u2019s lithium operations in South America, the only two current operational mines in Chile, has been delegated to Codelco.<\/p>\n
In addition to this, Codelco, with state miner Enami, has been entrusted with securing partners for future projects. Eventually, a national lithium company will take over these responsibilities.<\/p>\n
This comes as LPI hit headlines in July by scrapping the demerger of its Western Australian lithium assets in favour of an A$30M sale of three projects to US giant Albemarle Corporation<\/a> (NYSE: ALB).<\/p>\n