LPI 3.64% 26.5¢ lithium power international limited

News: LPI INSIGHT-Codelco’s lithium push fades in favor of copper, page-14

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    Lets hope this part of the Reuters article starts resonating with potential investors 

    Minera Salar Blanco, a joint venture that also holds mining rights at Maricunga, had once hoped to team with Codelco and begin mining the flats. But the company, 50 percent-owned by Australia’s Lithium Power International, with smaller stakes held by Canada’s Bearing Lithium, instead filed a lawsuit last year to block Codelco from developing its holdings, alleging its permits had been issued in error.

    The private miner eventually dropped the suit and has struck off on its own, leaving Codelco with just a sliver of the flat and no partner as of yet to help in its development.

    Salar Blanco delivered its environmental impact study to Chilean authorities in September - with no help from Codelco – in order to win approval to develop their property. It now plans to begin construction of its own Maricunga project early in 2020.

 
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