This comes amid uncertainty over the South American country’s move to nationalise some mining projects.
Bloomberg
The policy, released in April, suggests some licences handed out before 1979 – such as the one held by Lithium Power – may, at worst, not cover the mining of lithium, or at best force a joint venture with a Chilean state agency.remained about how the new rules were interpreted, and the licences “would not enable them to exploit lithium”.
“The standing of its concessions and permitting according to Chilean law is solid,” the company added. Despite this, Lithium Power said it had consulted six lawyers, who “confirmed the aptitude” of their licences.
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