Good find. I read the article couple weeks ago which the Mining...

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LT_Investor

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30/11/18

07:05

Post #: 36697533
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Originally posted by help_me ↑

https://www.latercera.com/pulso/not...cia-las-exploraciones-salar-maricunga/423620/

The state is in search of a partner to advance potential projects.
The CEO of Codelco, Nelson Pizarro, announced this afternoon that the lithium explorations were started in the mining properties that they have in the Salar de Maricunga.
In the framework of the presentation of the results , the Vice President of Administration and Finance of Codelco, Alejandro Rivera, said that copper created a company called Salar de Maricunga, which should develop the project through associations, for which it is developing a Declaration of Environmental Impact (DIA)

"The idea is to develop the project with associations and work on the consolidation of salaries with third parties (...) There is a company that has already been formed. It's called Salar Maricunga and the idea is that this is the vehicle that develops the project in partnership. What he is doing now is to start the process of geological knowledge in the Salar and additionally work in what is the consolidation of the salar, "said the executive.
On the occasion, Rivera also announced that the surrounding of USD 400 million remaining to capitalize the state, through the financing law generated in the Government of the previous administration, will be delivered in February, so the state prepares to start conversations to have clarity regarding the future financing by the State.

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Good find.
I read the article couple weeks ago which the Mining Ministry mandate Codelco to start exploring and extracting lithium on their property.
In the Maricunga region Codelco only own 18% of the total properties and they do not have the flat land to build the ponds. This leave us the best position to partnership. MSB(LPI jv) withdrew the application before but now the deal probably being negotiated again in favour for us more.
Eventhough we have the old codes, but let sort this things out quickly so we can get on with the job.

Last edited by LT_Investor: 30/11/18

LPI Price at posting: 26.5¢ Sentiment: Hold Disclosure: Held
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Good find. I read the article couple weeks ago which the Mining...

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