Chile Puts Codelco Lithium Reserves Up for Tender

Reuters reported that Chile has put out a call to tender the exploration of two salt flats owned by Codelco.
As quoted in the publication:

Codelco had already received letters of intention for its planned tender to evaluate and explore the “relatively small” lithium reserves in Maricunga and Pedernales in the Atacama desert, the company’s chairman Oscar Landerretche told reporters.
“Many international companies are interested. It will be an open process,” Landerretche said on the sidelines of an event to announce the new policy. Codelco has not yet published more details of the tender.
The government would also establish a new regulatory framework for lithium exploration “with clear rules” that would be sustainable and involve local communities, President Michelle Bachelet said at the same event.

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