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Codelco_corrects Boric. No, we're_doing Maricunga_1st, THEN_Corfo 2nd
https://vnexplorer-net.translate.goog/maximo-pacheco-este-es-un-tema-que-ha-estado-en-las-tablas-de-nuestro-directorio-hace-ya-varios-meses-s1660971.html?_x_tr_sl=es&_x_tr_tl=en&_x_tr_hl=en-US&_x_tr_pto=wapp&_x_tr_hist=true see 5th paragraph from bottom in article.
Dear Maximo Pacheco, well at least no one can say you mince your words, we always know the true intent with you... and we do appreciate your frankness.
The Doctor
Elon says to Gabby: "lithium ore is very common all over the Earth. It's
Refining Capacity that matters". Nyah-nyah nyah-nyah. https://www-emol-com.translate.goog/noticias/Economia/2023/04/22/1093016/gobierno-por-elonmusk-y-litio.html?_x_tr_sl=es&_x_tr_tl=en&_x_tr_hl=en-US&_x_tr_pto=wapp (note: there is a 10 second Honda ad on EMOL)
Dear Gabby, if I were you I would say back to Elon Musk that you are just a sad little stupido lost hen-pecked mommy's boy commie puppet and that you didn't know that Refining Capacity is the real key to controlling the lithium market and subsequent siphoning off millions of dollars in bribes/payoffs/kickbacks under the table... and that Elon should not be so condescending to you as the president of this 2-bit banana scamming republica.
The Doctor
Dear_TheGekko, every_so often you_do hit_a homerun...1 for_TheGekko
today https://hotcopper.com.au/threads/lpi-the-next-lithium-producer-in-chile.6650218/page-3285?post_id=67410735
The Doctor
Fire_useless Crystalballs._We should've_been actually_mining 4years_ago
on our grandfathered-approved, permitted, SHOVEL-READY Stage 1 and thus avoiding all this 2023 new/revised/upgraded/revamped/still-the-same-horsesheet NLP chaos now engulfing Chile.
Fire Crystalballs! This moron is completely useless, non-productive and you only have to look at his gutless/meaningless/no-new-plan/no-direction posts of the last 2 weeks to see this guy is nothing but a slimeball wishy-washy parasite.
The Doctor
Ex-Mining Minister_Juan Carlos_Jobet weighs_in on_NLP.
https://www.latercera.com/pulso/noticia/juan-carlos-jobet-esta-estrategia-tiene-un-sesgo-estatista-no-se-socialibilizo-con-las-comunidades-y-no-tiene-apoyo-politico-transversal/M63UM4CXX5DERBDBFMZC7AYZGY/
English translation follows below.
For my money Juan Carlos Jobet is the number one authority on properly enabling balanced lithium mining in Chile now. He has the correct engineering background, the brains, the foresight and the laser-focused determination to get the whole lithium mining program in Chile set up right the first time and correctly from the git go.
Juan Carlos Jobet for President in 2026 to replace Mommy's Boy Gabby Boric and beat leftist/commie presidential candidate Marcela Hernando plus her leftist/commie freeloading parasite lesbo/dyke team right down into the crapper where they belong. This whole upcoming 3-year delay/subterfuge (see Q5 below) on getting any new lithium mines started in Chile before 2026 is completely the RP's (Radical Party aka PR) devious strategy in collusion with Marcela Hernando to hold off all the Lithium generated glory/golden-eggs/successes until the ultra-commies can get Marcela into the La Moneda presidential seat of power and take credit for the whole lithium revival in Chile under the "soon-to-be-new-rich" ultra-communists.
The Doctor
------------------------
Juan Carlos Jobet: "This policy has a statistical bias, it was not socialized with the communities and it does not have bipartisan political support"
by Julio Nahuelhual Muñoz
The former Minister of Energy and Mining of the second government of Sebastián Piñera assures that the new lithium policy launched by the government has serious design flaws and recognizes as an error the fact that the different participants have not been discussed in advance. Likewise, he doubts about the capacities of ENAMI and Codelco to meet the objectives set by the government.
Juan Carlos Jobet has closely followed the fluctuations that have transformed lithium into a key business for the country. As former Minister of Energy and Mining in the second government of Sebastián Pïñera, he began an unsuccessful process to award Lithium Tenders (ie LCE export quota licenses) to private parties towards the end of his term, which was later questioned and rejected by the incoming government of Gabriel Boric.
Q1. Following the announcement of a new National Lithium Policy (NLP), the current dean of the Adolfo Ibáñez University (UAI) business school believes that the new policy launched by the government this week lacks a proper design.
A1. “This policy has a statistical bias, it was not socialized with the communities and it does not have bipartisan political support,” says Juan Carlos Jobet.
Q2. What is your first impression of the National Lithium Policy (NLP) launched by the government this week?
A2. I don't think this qualifies as a policy. A policy needs objectives, deadlines, depth, resources and many things that are not here. It is also not a good sign that this has been done with so little dialogue with the participants involved, nor with the communities. We have been learning that we need a policy with a broad and bipartisan agreement so that it can be sustained over time. I don't think it's a good starting point.
Q3. Does State control of any event that this policy proposes seem good to you?
A3. It is a proposal that has a very statistical bias and stems from mistrust in the private sector. Likewise, the government is going to send proposed legislation (ie to the Parliament) for the creation of the National Lithium Company (NLC) just to comply with creating something that is not needed. The government is not going to have the (Parliamentary) votes for this.
The State of Chile does not have any capacity to operate a lithium company. It does not have the technical knowledge, nor the commercial networks, nor the human teams, or the institutional framework. The idea that everything must be done with the State so that it captures the rents is not a good one. Leasing contracts in the salt flat generated enormous economic benefits for the State.
This Policy has a statistical bias, there was no discussion with the communities and it does not have bipartisan political support.
The proposal also places Codelco and ENAMI as participants in the process... on the one hand, ENAMI is a company that has enormous difficulties in just sustaining its own current business, and even less will it be able to get involved successfully in the lithium market. Except for 2021, the company (ie ENAMI) has not made a profit in the last 10 years. Codelco, in turn, is a company that has many capabilities, but also has many demands: it has had a CEOL since 2018 (in the Maricunga salt flat) and there is still nothing concrete to show for it today. Therefore, involving these two companies in this exercise does not make much sense at all.
Q4. Could the idea that the State negotiate with SQM an extension of the (CORFO) contract that allows the State to capture a higher percentage of the rents make any sense?
A4. But why have Codelco do that extra negotiation and not CORFO do it, who is the countersigned party to the prime contract? It is simply hard to fathom why this extra negotiation is needed. I don't know if anyone calmly even reviewed the legal mechanism for Codelco to fulfill that role. I don't know if this idea that Codelco negotiates on behalf of CORFO even has legal support within the framework of public institutions. The other thing that doesn't make sense is asking private companies to make more efforts in salt flats that are more difficult to work than the Atacama.
Q5. In short, you see more weaknesses than strengths in this policy...
A5. I see very few strengths. As I said, opening a window to negotiate with SQM may be reasonable if it is done well, but the requirement that the State is the primary entity that has to control everything is a tremendous mistake. If controlling means that the State is going to start operating what is now SQM, it is a terrible plan. In terms of management, the company does its operational, environmental and commercial monitoring work very well, but if you want the State to take control of that operation then it is a tremendous mistake.
There are many details of this policy that have not been worked out and I am afraid that we are going to spend the next 3 years just discussing this. Unless the negotiation with SQM prospers, which would seem good to me, then we are going to spend the rest of what is left of this government without making any progress in increasing the exploitation mining of lithium, which is what should motivate us.
Q6. Former President Piñera tried twice to bid and it didn't work. Isn't this a better way?
A6. The previous Lithium Tenders (ref 2021) that were tried were on the right path, but we should have socialized the policy more with other participants so that it would have had more bipartisan political support. That is why the fact that this new NLP policy has not been properly socialized with the participants is a mistake. It's like not learning from the past, plus with all the detrimental design issues it has.
blah_blah says_Cristóbal García-Huidobro, blah-blah I'm_a good_doggy
https://www-guiaminera-cl.translate.goog/minera-salar-blanco-vemos-una-oportunidad-historica-hoy-para-chile/?_x_tr_sl=es&_x_tr_tl=en&_x_tr_hl=en-US&_x_tr_pto=wapp
REPEAL_LITHIUM STRATEGIC_MINERAL CLASSIFICATION. Problemo solved
The Doctor
Me_and my_commie lesbos_won the_NLP, bow_down before us_now
and worship us commies you little peon lithium miners and pull out your wallets to finance every piece of these new/existing lithium mines and then stuff our leftist/commie coffers with green untraceable cash... and maybe we will let you continue mining lithium in Chile.
... and in other news Anti-Mining Minister Marcela Hernando takes a victory lap around La Moneda https://www.latercera.com/pulso/noticia/ministra-de-mineria-por-politica-nacional-del-litio-se-recupera-para-el-estado/WWZGZDE6WNEPHOEAGVBUQULTVU/ see English translation below
For more on Marcela's celebratory vindictive "rub your nose in her horsesheet" read https://www-reporteminero-cl.translate.goog/noticia/noticias/2023/04/ministra-mineria-futuro-litio-son-dos-tres-decadas-lo-que-va-a-durar-esto?_x_tr_sl=es&_x_tr_tl=en&_x_tr_hl=en-US&_x_tr_pto=wapp
Dear Congressional Deputies & Senators, simply vote in Congress to Repeal the Pinochet-era Strategic Mineral Classification on Lithium and you will immediately in one day put control over lithium mining back in the hands of Congress like copper, gold, silver is currently, thereby forever taking control over lithium out of UNELECTED/self-enriching bureaucrats... it is that simple.
The Doctor
---------------------
Minister of Mining Marcela Hernando on NLP National Lithium Policy: "It is recovered for the State"
by Emiliano Carrizo
The Minister of Mining, Marcela Hernando, highlighted the alliances that the State will have with private companies for the exploitation of lithium and the importance that this activity be carried out with more environmentally friendly technology. However, Hernando also regretted that no progress was made on this issue during past governments.
The Minister of Mining, Marcela Hernando, highlighted the role that the State will have in the exploitation of lithium, but also regretted the time that elapsed for a government to promote a policy related to this highly demanded mineral due to its role in the energy transition for stop the advance of global warming.
"Lithium is recovered for the Chilean State and it is going to take control of this wealth that is tremendously valued," said Hernando as a summary of what the national lithium policy is that President Gabriel Boric presented yesterday on national television.
In an interview with Tele-13 radio, the Secretary of State estimated that “we should have started with this lithium issue more than 10 years ago. As a State, we have been quite slow and many governments have stopped doing many things. Progress began during the second government of former President Michelle Bachelet, a lithium commission was formed, recommendations were made, many of which are included (in the recently announced national lithium policy), but they were not implemented at the time." .
Hernando pointed out that the work in lithium has not been developed, in recent times, in line with the proposal of the current Executive for "a different vision of accessing this wealth." In this sense, the Minister of Mining pointed out that "it is not about bidding and that everyone comes to extract and extract, but that it is how we create an industry that stays and leaves added value to the country."
On how the alliances with the private sector will be to carry out lithium exploitation, Hernando pointed out that initially the private companies provide the initial capital and the technology and the State the will provide the lithium. However, the Secretary of State also qualified that each salt flat "has its particularities" and that is why each operation could be different from one another with respect to joint ventures.
“The State owns the lithium and is going to have special operating contracts. And therefore we expect the partners to put up the seed money and the technology.” he added he.
Another aspect that he highlighted about the state lithium initiative is its environmental area of leaving 30% of the salt flats preserved, and demanding a friendlier technology for lithium extraction. The latter is under development, but Hernando estimated that within the years required for the exploitation of lithium, permits and studies, said technology will already be operational.
“There are several companies that are carrying out pilots around the world and we think that, three years from now, this will be a more mature technology (...) requiring this technique for all new projects is not going to further delay the process," he said.
Regarding the business model, Hernando also explained that the invitation today is to create alliances with Codelco and ENAMI to carry out the exploration and exploitation of lithium salt flats, since they already have the authorized business and have made more progress in this matter.
"The possibility of there being tenders is also open, but only for exploration by the private sector, and if they do well, find lithium and it is profitable to extract it, they will be obliged, in order to have the right to exploit, to associate with the State," added.
On the other hand, Hernando was asked if within this national lithium policy she considered a discomfort that the government has with SQM. Due to the scandal related to the case of illegal financing of candidates and political parties by the firm, the minister explained that "there is a story from which one cannot refrain, but (this national lithium policy) has to do with with the mining industry. The mining income captured by the companies is very large (...) and we believe that it is not fair that, in the case of non-renewable minerals, the State does not receive greater compensation.
“Today (the contract with private companies) is being fair given the prices of the mineral, but we know that this is going to stabilize (...) that is a cycle that is going to happen, but regarding the lithium cycle, in terms of demand and supply of the need that the world has today to have a supply of lithium, there is still a long way to go (for it to end), this will last two to three decades," said Hernando as an evaluation of the contracts that today the State has with firms such as SQM and Albemarle.
In this line, the Secretary of State explained that the contracts that the State has today with private companies pose a floor on the relations that will be considered in the future in new projects.
In relation to copper, the Minister of Mining ruled out any change to the concession system that exists today and stated that this type of discussion remains for the instance of drafting a new Constitution.
Dear Lithium Miners/Investors, BOYCOTT CHILE!
Dear Mario Marcel, you need to reign in Mommy's Boy Gabby Boric real soon or you are going to be grasping at straws trying to find the money to fund this Bizarro World Leftist Communist government fast moving to be the next Venezuela II https://eldiariodesantiago-cl.translate.goog/archivo/9625?_x_tr_sl=es&_x_tr_tl=en&_x_tr_hl=en-US&_x_tr_pto=wapp
The Doctor
SQM_shares plummet_after NLP._Chilean stock_exchange IPSA_falls
https://vnexplorer-net.translate.goog/acciones-de-sqm-se-desploman-tras-anuncio-de-politica-nacional-del-litio-y-el-ipsa-retrocede-s1650617.html?_x_tr_sl=es&_x_tr_tl=en&_x_tr_hl=en-US&_x_tr_pto=wapp&_x_tr_hist=true
SQM down a whopping 18% at 1:25PM NYSE
What a focking mess by Mommy's Boy Gabby Boric all to shore up his threadbare coalition partner the Communist Party... and the next leftist/commie presidential candidateasswipe Marcela Hernando.
The Doctor
Communist_Party scores_win on_the NLP._They're out_of the_closet now
Longton for lithium: "The President listened again to the PC (Communist Party), which pressured private parties to have as little interference as possible"
https://www-t13-cl.translate.goog/noticia/politica/longton-por-litio-presidente-escucho-nuevamente-al-pc-presiono-para-privados-tu-21-4-2023?_x_tr_sl=es&_x_tr_tl=en&_x_tr_hl=en-US&_x_tr_pto=wapp
Anti-Mining Marcela is licking her chops this morning... and probably licking the chops on all her lesbo/dyke team mates also.
The Doctor
PS, Dear Crystalballs, did you sign up like a good little doggy to go lick Marcela's fatass on Monday?
Fuhrer_Boric has_created a_written NLP._Let us_(and the_lawyers) read_it
https://www.scribd.com/embeds/639761914/content?start_page=1&view_mode=scroll&access_key=key-fjxaVHiRt2LRJyQXvhbH
a machine-made English translation follows below.
What intrigues me the most in this presidential NLP decree is paragraph 4 in the Introduction on page 1 which reads For its part, the PRIVATES will provide capital... Der Fuhrer Boric is saying that the Privates (that is, us lithium miners) will provide the capital (ie the gold) to actually build the mining projects which follows my point 3 of an 8 point analysis https://investorshub.advfn.com/boards/read_msg.aspx?message_id=171737219 that Chile is currently broke and won't provide one single red peso to build out the mines (CAPEX).
Dear Der Fuhrer Boric, he who controls the gold controls the deal... remember that you littlelimpdickthievingfaggot.
The Doctor
-------------------------
The National Lithium Policy for Chile
INTRODUCTION
Chile has a historic opportunity. Chile has lithium. Chile can have a better future for families. The objective of this National Lithium Policy (Strategy) is to increase the country's wealth by developing a key industry as a fundamental step in linking Chile's economic development with the shift to a global green economy.
High world demand, high prices and the large reserves of this mineral in our country allow us to be optimistic and, at the same time, they call us to act with a sense of urgency. It is necessary to incorporate capital, technology, sustainability and value addition, in harmony with the communities. To this end, the development of the industry will be led by the State and will involve the private sector throughout the production process.
With Codelco and ENAMI playing an initial role in this strategy as representatives of the State, always seeking majority control. The creation of the National Lithium Company (NLC) will articulate future public-private action efforts. The project will increase domestic production, attract new players and expand the industry through joint initiatives. It will allow, for example, greater sustainable production in the Salar de Atacama and new projects in other salares in the country.
Public-private collaboration, with the State playing a leading role, is the way to take advantage of this historic opportunity. In this type of strategic value projects, the State will have a majority participation. Specifically, the State will have a long-term strategic vision throughout the production cycle, from exploration to value addition, in addition to clear regulations to ensure sustainability and reinvestment in the country's development. For its part, the PRIVATES will provide capital, technological innovation and networks in the market.
It will not be like saltpeter. We will use the resources to prepare for a future of permanent innovation, investing in science, technology and knowledge. We will create a Instituto Tecnológico y de Investigación Públicode Litio y Salares (PILNT Public Institute of Lithium and New Technologies) whose research and development will lead us to a productive transformation with a more powerful, more competitive, sustainable industry that will open up new opportunities investment opportunities both for lithium and beyond. It will be knowledge and science that will allow us to exploit this resource according to the highest standards of care.
Page 1
We will create a Network of Protected Salares, which will allow us to protect the biodiversity of these ecosystems and, in those salares under exploitation, we will ensure the use of low-impact technologies. The network will include those areas that are already protected areas or priority sites for biodiversity conservation, along with salt lakes, whose ecosystems are particularly fragile.
Lithium revenues could also help finance new schools, hospitals, police stations, bridges and roads. But we must remember that these revenues are not permanent. For this reason, in addition to the productive transformation, we need a tax reform that finances permanent expenses such as the increase in the PGU (Universal Guaranteed Pension https://www-chileatiende-gob-cl.translate.goog/fichas/102077-pension-garantizada-universal-pgu?_x_tr_sl=es&_x_tr_tl=en&_x_tr_hl=en-US&_x_tr_pto=wapp )
This National Lithium Policy is good news here and for the world. Internationally, much is expected of our country. We will live up to that expectation. We will be global players. We will contribute to a cleaner planet, at the same time as we move forward in building a developed Chile that concretely improves people's quality of life.
Page 2
I. Objectives
? Increasing Chile's wealth
? The development of a sustainable industry for the country and the world
? Technological development and production linkages
? Social and environmental sustainability
? Fiscal sustainability
? Contribution to productive diversification and regional growth potential
? Chile's global leadership in the lithium industry, articulating with national and international participants.
Based on these objectives, the decision was made to ensure
(i) State involvement in the entire industrial cycle through the creation of the National Lithium Company and the CORFO Committee for Productive Transformation around lithium,
(ii) capacity building through a Technological and Public Research Institute for Lithium and Salars,
(iii) the development of public-private partnerships for the growth of the industry and resource exploration, ensuring (iv) environmental sustainability, and political and social sustainability through the involvement of territories and communities, the development of (iii) public-private partnerships for the growth of the industry and resource exploration, ensuring
(iv) environmental sustainability, and political and social sustainability through the involvement of territories and communities, also guaranteeing an adequate
(v) modernization of the institutional framework for the industry, according to the country's challenges and objectives.
Page 3
Based on these objectives and strategic definitions, progress will be made on the basis of the following milestones:
II. Milestones of the Policy (Strategy).
1. Initiate a process of dialogue and participation with the various stakeholders. The process will include representatives of communities and indigenous peoples, regional governments, academia, productive enterprises, civil society, as well as central government and other public agencies. This process will make it possible to collect the expectations and proposals of various stakeholders, including indigenous communities, regarding the development of the industry. The results of the process will contribute to the definitions to be adopted in terms of institutional modernization to ensure the sustainable development of the sector, including the creation of a National Lithium Company (NLC) and specific activities of the Lithium and Salares Technological and Public Research Institute.
The design of this process will use as a frame of reference the international agreements ratified by Chile (ILO Convention 169, Escazú Agreement), international standards for mining in the field of relations with interest groups IRMA, ICMMM and the regulations of the Ministry of Mining and the Ministry of the Environment in matters of citizen participation processes and Human Rights plans.
2. To create the National Lithium Company (NLC), that can participate in the entire lithium industrial cycle, from the resource subsidiary and exploitation of the mineral, to its refinement treatment and subsequent industrial stages, such as the assembly of battery cells, and recycling. The National Lithium Company (NLC) will be a state-owned company, and will seek private partners for the sustainable development of exploration, exploitation and value-adding projects, and will promote the development of technologies in all areas of the value chain, from extraction to applications and recycling.
3. Create a Network of Protected salares and in those salares under exploitation, ensure the use of low environmental impact technologies. The salt marshes are complex, unique and highly bio-diverse
Page 4
suffering significant degradation at a global level, as in Chile. This makes it necessary to safeguard the long-term ecological sustainability of these ecosystems. For this reason, the strategy contemplates the creation of a network of protected salt flat systems, composed of at least 30% of the surface of these ecosystems, in line with the international obligations committed by Chile in the Framework Convention on Biodiversity.
In those salares that are exploited, the implementation of technologies that minimize the environmental impact in the recovery of lithium will be required, such as Direct Lithium Extraction (DLE) with reinjection of brine and the reduction of fresh water consumption. Also, monitoring of the bio/geo-chemical effects of these techniques. In addition, the process of incorporating Chile to the EITI initiative will be initiated (Extractive Industries Transparency Initiative), to ensure the greatest transparency and probity in all extractive industries, including lithium mining, meeting the highest international standards.
4. Modernize the institutional framework. The institutional framework associated with lithium and the salares is complex, involves a series of participants, and there is currently no global and coordinated view of its different dimensions. A review is required that includes the regulations governing the supervisory bodies and the relationship between central decisions and regional and communal governments.
A proposal will be made for institutional modernization that will allow the development and growth of the industry, safeguarding the impacts on the salares, and giving coherence to existing and new bodies, all in accordance with the objectives of this strategy. The proposal will consider the work of the 2014 National Lithium Commission, the work developed during 2022 by the Inter-Ministerial Roundtable led by the Ministry of Mining, and the results of the dialogue process mentioned above.
5. Create a Public Technological and Research Institute for Lithium and Salt Flats. An Institute will be created whose main objective will be the generation of knowledge and technologies that will improve the processes of extraction, production, value addition, applications and recycling, in addition to improving the understanding of the salt flats, through the
Page 5
generation of robust models that allow minimizing the impact associated with lithium extraction and processing operations, and salares, through the construction of public ecosystem baselines. It will combine these efforts with research capacities in ecology, geology and social sciences on salt flats and their communities, contributing to good conservation, supervision, and regulation of the sector, and to efficient and informed decision-making from the State. The Institute will also collaborate with the cadastre of resources and other environmental components that will be carried out by private companies and state companies. It will be in charge of compiling and making available information in terms of natural capital, and on exploration and exploitation projects, both in their formulation and design stages and in their execution, in accordance with the provisions for access to environmental information contemplated by the Escazú agreement.
6. Incorporate the State in the productive activity of the Salar de Atacama. Given that in 2030 the lease of an important part of the Salar de Atacama to private companies will end, this will make it possible to regain control of lithium for Chile. The participation of the State in the exploitation of lithium will allow that the valuable public-private articulation will always be to the benefit of the people of Chile and its development.
In this framework, CORFO will ask Codelco to search for the best ways to achieve from now on the participation of the Chilean State in the extraction of lithium in the Atacama salares. In this way, Codelco will be the State's representative before the companies that are currently in the salar, in order to have the State's participation before the expiration of the current contracts. Codelco will also lead the conversations that are convenient with other companies for the further development of the salar. In this regard, two considerations: First, in the event that a public-private company is formed to exploit the lithium in the Atacama salares, it will be controlled by the State, through Codelco. Secondly, the State of Chile will fully respect the provisions of the current contracts. That is, an anticipated participation of the State in the Salar de Atacama will be the result of an agreement with those who currently have the rights to exploit the lithium.
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7. Prospecting for other salares. The resources available in other salares need to be mapped and the conditions for their potential lithium extraction need to be created in a responsible and sustainable manner, as long as they do not belong to the network of protected salares. For exploitation projects with strategic value for the country, public-private partnerships will be established with control of production decisions by the State. For all projects, the conditions and benefits for the State and the communities that are currently established in the contracts that CORFO maintains in the Salar de Atacama (resources for communities, regional governments, local governments, research and development) will be considered as a floor, in addition to environmental and technological requirements, quotas for value-added projects, among others.
In this framework:
a. Special Lithium Operation Contracts (CEOL) for exploration and exploitation will be granted to subsidiaries of state-owned companies Codelco and ENAMI in those salares where they already have projects in different stages of development. These companies will be able to decide whether or not to partner with a private company.
b. For the other salares that are considered susceptible to exploitation (given the preservation restrictions), a public, transparent and informed bidding process will be initiated for private bidding for CEOL exploration. In the event that the results of the exploration show potential, the private company will have a preferential option to partner with a State company for the exploitation stage. In the case of projects of strategic value for the country, this association must have a majority participation of the State. This process will allow accelerating the exploration of the salares, and will provide a space for the different national and international participants interested to enter the industry. Resources will be generated for the State from the bids, and the costs associated with exploration will be incurred by the private sector, which must report them to the Institute on an ongoing basis. The bids submitted in the CEOL bids for exploration must also include a proposal for a plan to generate local value and productive linkages that the eventual exploration project would have exploitation, in order to favor initiatives that involve greater local production chains, technological development and value addition.
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8. Create the CORFO Committee for Productive Transformation around lithium led by the Ministry of Mining. This Committee will be in charge of promoting productive transformation and proposing scientific-technological and industrial development policies that will allow the development of new productive activities upstream and downstream in the lithium cycle, as well as identifying and taking advantage of opportunities for linkages and value addition at the local level in the industry.
Page 8.
End of NLP
Boric_throws everything_NLP up_into the_air, then_instructs his_minions
to catch everything (including the falling knives) intact before it comes crashing down in chaos to the floor shattering into a 1,000 pieces
https://vnexplorer-net.translate.goog/boric-lanza-nueva-estrategia-del-litio-y-encarga-a-codelco-negociar-su-ingreso-al-salar-de-atacama-s1633058.html?_x_tr_sl=es&_x_tr_tl=en&_x_tr_hl=en-US&_x_tr_pto=wapp&_x_tr_hist=true
Dear SQM and Albemarle, our enemy is now your enemy... that makes us friends.
Welcome to the big fight coming.
The Doctor
Dear_Crystalballs, slimy_pumper BushStar_says you're_happy today.
Is that even partially possibly true? Whatinthefockare you happy about? No really, Whatinthefockare you happy about today? Tell us... we all desperately want to know. https://hotcopper.com.au/threads/lpi-the-next-lithium-producer-in-chile.6650218/page-3198?post_id=67398271
Or, is BushStar just outright lying again to pump this stock up from a gut-wrenching 20% drop at 3PM in Australia so he can unload some more to those illiterate gullible stock buyers who can neither read or comprehend the videos before their very eyes?
The Doctor
Dear LPI_Management, open_your lockjaw_silent stonewalling_mouths
We shareholders wanttocrap inthosevacantholes in your slack faces.
The Doctor
¡Viva_el (Long_Live) Libertad_y Democracia_Grupo!
Boric's_NLP speech._Nothing new_here. Video_+SRT English_translation
https://www.youtube.com/watch?v=0yaldIhwj_8&t=5s
Download the video off YouTube and you can then use my English SRT translation. See below for copy & paste SRT text. Please note: I have inserted a few editorial bookmarking notes in parenthesis on the key parts impacting LPI, Simbalik, SIMCO and that section of SQM specifically inside Maricunga for my future reference.
Boric took my 8 points from earlier today https://investorshub.advfn.com/boards/read_msg.aspx?message_id=171737219 and narrowed/distilled them down to his 5 key points.
The Doctor
-----------------------
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Being nine o'clock at night
I greet you at home.
2
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As I imagine it.
3
00:00:06,660 --> 00:00:08,970
Parents at this moment
hugging their children.
4
00:00:09,360 --> 00:00:10,360
To his family.
5
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Thinking about the
challenging future.
6
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What do we have ahead of us?
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You.
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have given me
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the honor and the responsibility.
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to be the President of Chile.
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And a fundamental
duty of to drive this huge machine.
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It is about building and leading.
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The paths to face the great challenges
and opportunities that we have as a country.
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That is exactly what this is about.
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The National Lithium Policy (NLP).
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What, today
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I come to introduce you.
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Chile.
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It has in this age the largest
reserves offense in the world.
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a mineral
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that being in the
materials of energy storage
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for electric cars and buses
23
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turns out to be key.
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In the fight against
the climate crisis.
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And an opportunity for
economic growth that hardly
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will repeat itself in the short term.
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Together with the
development of green hydrogen
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and to knowledge.
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What is generated
in our universities
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and communities.
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It's the best chance we have
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to move towards a
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sustainable economy
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and development.
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We cannot afford to miss
taking advantage of it.
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In Chile
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today Lithium is only extracted
from the Salar de Atacama.
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And even so.
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The production of our country represents
more than 30% of the total global market.
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The potential we
have is enormous.
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In addition to the Atacama salt flat.
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00:01:33,030 --> 00:01:35,910
There are more than 60
salar and saline lagoons.
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00:01:37,020 --> 00:01:38,310
So this policy (ie NLP).
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00:01:38,670 --> 00:01:41,160
It will also be a
crusade to explore those (salars).
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and evaluate the extra
active potential.
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00:01:43,920 --> 00:01:44,970
And very important
47
00:01:45,450 --> 00:01:48,330
also delimit the
protected areas and
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lagoons where mining tasks
will not be allowed.
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00:01:51,600 --> 00:01:52,860
These ecosystems
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00:01:53,280 --> 00:01:54,280
they are not just for lithium.
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00:01:55,080 --> 00:01:56,820
They are people, they are for communities.
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00:01:57,270 --> 00:02:01,080
They are the desert water...
technologies and other minerals.
53
00:02:01,710 --> 00:02:03,720
They are the repositories
of ancient cultures.
54
00:02:04,230 --> 00:02:06,630
And that they are witnesses of
the past that today we will preserve
55
00:02:06,870 --> 00:02:07,870
for a better future.
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00:02:09,090 --> 00:02:12,630
Our development strategy then
has to be built by responding.
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to the climate crisis.
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00:02:14,490 --> 00:02:19,230
And therefore guaranteeing the least possible
environmental impact on these ecosystems.
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00:02:20,280 --> 00:02:21,540
We will do from the state
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00:02:21,780 --> 00:02:23,280
a profound difference.
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00:02:23,610 --> 00:02:26,340
In the human and technological
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development of the
country if we do it well.
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And compatriot I have no doubt.
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That we can do it right.
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Our challenge.
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for our country.
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is to become The World's
Leading Lithium Producer.
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Thus increasing our
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00:02:41,910 --> 00:02:42,910
wealth and development.
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Distributing it fairly.
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00:02:44,970 --> 00:02:48,180
At the same time that we protect
the biodiversity of nature.
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I want to
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highlight FIVE
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00:02:52,020 --> 00:02:54,660
key elements of the
National Lithium Policy (NLP)
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00:02:54,870 --> 00:02:57,480
that will allow us to achieve
these and other objectives.
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00:02:58,110 --> 00:02:59,110
First of all.
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The state will participate in the
entire productive cycle of this mineral.
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Creating for this a
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National Lithium Company (NLC).
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00:03:08,160 --> 00:03:09,160
Second point:
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00:03:09,900 --> 00:03:11,578
The effort of exploration,
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00:03:11,730 --> 00:03:13,949
exploitation and value addition.
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00:03:14,340 --> 00:03:16,650
We will do it based on
the principle of collaboration
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00:03:16,950 --> 00:03:18,630
virtuous public AND private
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Third:
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00:03:21,210 --> 00:03:24,300
We will move towards the use of
new Direct Lithium Extraction (DLE) technologies.
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00:03:24,720 --> 00:03:25,720
to minimize
88
00:03:25,830 --> 00:03:27,900
the impact on the
ecosystems of nature.
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00:03:28,770 --> 00:03:29,370
At the same time.
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00:03:29,790 --> 00:03:31,890
We promote research into the salars.
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00:03:32,220 --> 00:03:33,930
To know how to take care of the best.
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00:03:35,160 --> 00:03:36,160
Fourth:
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00:03:36,240 --> 00:03:38,010
We will establish a
protection network.
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00:03:38,460 --> 00:03:43,590
Of salars fulfilling in this way The commitment
of 30% of protected ecosystems
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by 2030
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Still Fourth:
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All this development.
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It will be with the
participation and involvement
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00:03:51,750 --> 00:03:53,850
of the communities surrounding
the mining operations.
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00:03:54,960 --> 00:03:59,010
Certainly understanding the concern that
this news could generate within communities.
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00:03:59,490 --> 00:04:00,690
I want to promise you.
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00:04:01,080 --> 00:04:02,640
That the first and
all this process
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It will start with a
direct conversation.
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Among the towns council
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00:04:07,410 --> 00:04:08,410
with less attacks on our people.
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Our own history
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has taught us that there
is no possible development
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without the community
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Fifth:
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Let's promote.
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Not just extraction.
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Not just preservation.
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But also the generation of
value-added lithium products.
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00:04:26,910 --> 00:04:27,450
So
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00:04:27,750 --> 00:04:30,660
scientific and technological
innovation associated with this task.
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It will allow us to move towards
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00:04:33,630 --> 00:04:34,630
a development that is lasting.
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of greater complexity
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and more diverse.
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Compatriots.
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When.
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In this very place
56 years ago.
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00:04:44,790 --> 00:04:48,450
President Eduardo Frei Montalvo
promoted the initiation of copper in Chile.
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He did it with firm conviction.
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00:04:49,920 --> 00:04:51,330
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That mineral would be the guiding
light for the Chilean economy.
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Years later.
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In 1971
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this idea also
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00:05:00,630 --> 00:05:01,630
accompanied and inspired
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President Salvador Allende.
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00:05:04,230 --> 00:05:08,550
It was at the time of nationalizing the large copper
mining industry with the unanimous support of Congress.
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He called it Chile's salary.
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I hope today.
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With this height of vision.
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Let's be able to count lithium that way also.
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00:05:16,770 --> 00:05:17,790
With that transversal gone.
138
00:05:19,320 --> 00:05:22,230
So that the states actively engage
in the entire century of lithium.
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00:05:22,800 --> 00:05:27,930
The second quarter of this
year (2023) after the dialogue that we will
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00:05:28,110 --> 00:05:29,370
have with the different
communities that live next to the salars.
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00:05:29,850 --> 00:05:31,950
We will send to the
congress of the republic
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00:05:32,130 --> 00:05:33,660
The bill you create.
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00:05:33,990 --> 00:05:35,460
The National Lithium Company (NLC).
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00:05:36,630 --> 00:05:37,110
This.
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00:05:37,620 --> 00:05:40,830
It will seek partners for the
development of value-added projects.
146
00:05:41,610 --> 00:05:43,560
And this means
going the extra mile.
147
00:05:44,070 --> 00:05:46,020
To not only extract
the raw material (ie ore).
148
00:05:46,560 --> 00:05:50,550
But to convert it into new products
of high technological value.
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00:05:51,000 --> 00:05:52,260
We can do it in Chile.
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00:05:53,220 --> 00:05:54,220
In this area we hope
to have the participation
151
00:05:54,330 --> 00:05:58,200
and leadership of
regional governments.
152
00:05:59,430 --> 00:06:02,220
Given its relevance, lithium
production and reserves.
153
00:06:02,730 --> 00:06:04,350
The Salar de
Atacama in particular.
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00:06:04,680 --> 00:06:06,120
Deserves special attention
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00:06:06,360 --> 00:06:07,360
in our strategy.
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And in this sense.
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Here in Chile and in the world.
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We know that we are a
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serious and trustworthy country.
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00:06:16,140 --> 00:06:19,440
We have respected and will
continue to respect existing contracts.
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and we know
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00:06:20,880 --> 00:06:22,620
that in the year 2030
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The private lease agreement for an
important part of Salar de Atacama ends.
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00:06:27,960 --> 00:06:29,520
If we decide to do nothing.
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00:06:29,850 --> 00:06:31,230
This would just go on like this (staus quo).
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00:06:32,430 --> 00:06:33,430
Therefore,
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00:06:33,540 --> 00:06:34,620
we have instructed CORFO
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00:06:35,010 --> 00:06:37,380
The institution that
manages our lithium reserves.
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00:06:37,800 --> 00:06:39,270
the (CORFO) President in turn that he
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00:06:39,870 --> 00:06:41,880
search for the best paths forward..
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and to achieve them now
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00:06:43,620 --> 00:06:47,520
The participation of the Chilean state in
the extraction of the Salar de Atacama coast.
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So,
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As our representatives will
propose to the companies
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who are currently situated in each salar.
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To have a share of the state
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00:06:57,390 --> 00:07:00,000
before the expiration
of current contracts.
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00:07:00,750 --> 00:07:01,750
About.
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00:07:01,980 --> 00:07:03,300
Two brief considerations:
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00:07:04,080 --> 00:07:05,080
First of all.
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In case of forming a public-private company
that exploits litho in the Salar de Atacama.
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This will be controlled by
the state through Codelco.
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00:07:14,070 --> 00:07:15,070
In second place.
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00:07:15,570 --> 00:07:17,430
The state of Chile
will fully respect
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00:07:17,550 --> 00:07:19,980
the provisions of
the CURRENT contracts.
186
00:07:20,640 --> 00:07:21,640
That is to say.
187
00:07:21,690 --> 00:07:24,570
An anticipated participation of
the state in the Salar de Atacama.
188
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It will be the result of an agreement.
189
00:07:27,270 --> 00:07:27,690
With those who currently
190
00:07:27,810 --> 00:07:30,540
have the rights to exploit lithium
(editorial insertion: see LPI)
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00:07:31,980 --> 00:07:32,980
Besides this.
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00:07:33,480 --> 00:07:36,510
Exploration and exploitation
contracts will be awarded.
193
00:07:37,020 --> 00:07:37,290
and in regards to ENAMI...
194
00:07:37,410 --> 00:07:38,410
195
00:07:38,790 --> 00:07:43,320
In those salars where there are currently
projects that are in different stages of development.
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00:07:44,460 --> 00:07:46,050
These companies may decide
197
00:07:46,320 --> 00:07:48,570
if it is convenient or not to associate
198
00:07:48,870 --> 00:07:51,000
on these specific projects with other private ones.
(editorial insertion: See Simbalik, SIMCO, SQM)
199
00:07:52,320 --> 00:07:56,160
For the rest of the salars that are
considered suitable for exploitation.
200
00:07:56,940 --> 00:07:58,530
A process will start that is
201
00:07:58,740 --> 00:07:59,370
transparent and informative to the public
202
00:07:59,520 --> 00:08:01,470
203
00:08:01,770 --> 00:08:02,850
of bidding (editorial insertion: reference issuance of tenders).
204
00:08:03,180 --> 00:08:05,280
on derivations of
exploration contracts.
205
00:08:05,730 --> 00:08:09,000
In addition to the surveys that we
will carry out from the State's side.
206
00:08:10,230 --> 00:08:12,240
Should the exploration
207
00:08:12,390 --> 00:08:13,390
results show potential.
208
00:08:13,980 --> 00:08:17,190
The private party (miner) will
have a preferential
209
00:08:17,370 --> 00:08:18,900
option to request an
exploitation contract
210
00:08:19,140 --> 00:08:21,270
in association with
a state company
211
00:08:21,540 --> 00:08:22,540
such as the
212
00:08:22,620 --> 00:08:23,940
National Lithium Company (NLC).
213
00:08:25,440 --> 00:08:26,440
It should be said.
214
00:08:26,610 --> 00:08:28,950
That for projects of
strategic value for the country.
215
00:08:29,460 --> 00:08:32,550
This association must have a
216
00:08:32,670 --> 00:08:33,900
MAJORITY participation
of the Chilean State.
217
00:08:35,310 --> 00:08:36,750
This process is for compatriots.
218
00:08:37,110 --> 00:08:39,630
It will speed up the
exploration of salars.
219
00:08:40,230 --> 00:08:44,010
And it will provide a space for the
different national and international participants.
220
00:08:44,490 --> 00:08:45,490
If interested,
221
00:08:46,080 --> 00:08:47,640
they can enter the industry
222
00:08:48,210 --> 00:08:49,470
and promote in earnest
223
00:08:49,830 --> 00:08:51,570
a virtuous articulation
224
00:08:51,960 --> 00:08:53,040
of public AND private operations.
225
00:08:54,600 --> 00:08:56,880
We know that brine wetlands
are complex ecosystems.
226
00:08:57,330 --> 00:08:57,930
Unique and highly diverse.
227
00:08:58,080 --> 00:08:59,520
228
00:09:00,295 --> 00:09:03,240
They are suffering
significant degradation globally
229
00:09:03,480 --> 00:09:04,480
as like in our homeland.
230
00:09:05,280 --> 00:09:07,320
For this reason,
this strategy includes
231
00:09:07,650 --> 00:09:10,230
The creation of a network
of protected salar ecosystems
232
00:09:10,470 --> 00:09:13,710
in line with the international
obligations committed to by Chile
233
00:09:14,010 --> 00:09:16,020
in the Biodiversity
Framework Convention.
234
00:09:17,520 --> 00:09:18,520
At the same time.
235
00:09:18,900 --> 00:09:20,460
In the salars
that are exploited.
236
00:09:20,940 --> 00:09:25,350
The implementation of technology will be
required to minimize the environmental impact.
237
00:09:25,770 --> 00:09:26,910
In lithium recovery
238
00:09:27,210 --> 00:09:28,210
such as Direct Lithium Extraction (DLE)
239
00:09:28,350 --> 00:09:30,600
with brine RE-injection back into the ground
240
00:09:32,160 --> 00:09:35,070
With science and technology
on our side as a tool.
241
00:09:35,610 --> 00:09:38,850
We will be able to develop
the best extraction techniques.
242
00:09:39,540 --> 00:09:41,130
We will add value to the mineral.
243
00:09:41,520 --> 00:09:43,950
And also guarantee we
have exploitation processes
244
00:09:44,070 --> 00:09:46,289
in accordance with the
highest standards of care.
245
00:09:47,460 --> 00:09:48,690
The exploitation of lithium
246
00:09:48,990 --> 00:09:51,840
it evolves along with
biodiversity and communities.
247
00:09:52,770 --> 00:09:53,770
Thus.
248
00:09:54,090 --> 00:09:57,990
We will create the PILNT
(Public Institute of Lithium and New Technologies).
249
00:09:58,650 --> 00:10:01,710
The one to combine efforts in the
field of technological development
250
00:10:01,980 --> 00:10:03,450
with research capabilities.
251
00:10:03,630 --> 00:10:03,780
252
00:10:04,140 --> 00:10:05,140
The ecology.
253
00:10:05,310 --> 00:10:06,030
geology
254
00:10:06,300 --> 00:10:07,380
and social sciences.
255
00:10:07,740 --> 00:10:08,740
on the salars
256
00:10:08,970 --> 00:10:10,080
choice diversity
257
00:10:10,320 --> 00:10:12,040
for the communities
that live around the projects.
258
00:10:13,304 --> 00:10:14,304
This strategy
259
00:10:14,534 --> 00:10:16,124
should also strengthen
260
00:10:16,364 --> 00:10:18,764
The process of
economic decentralization.
261
00:10:19,154 --> 00:10:19,904
Whereby
262
00:10:20,144 --> 00:10:21,674
this institute as I mentioned
263
00:10:21,974 --> 00:10:25,004
will be located entirely
in the Antofagasta region.
264
00:10:26,474 --> 00:10:27,474
As we will appoint.
265
00:10:27,944 --> 00:10:32,714
My government will guarantee that the indigenous peoples and
those who inhabit the territories in which mining will take place
266
00:10:33,074 --> 00:10:34,074
by this industry
267
00:10:34,154 --> 00:10:35,564
that they will be direct participants
268
00:10:35,714 --> 00:10:36,569
in the benefits that are reaped
269
00:10:36,707 --> 00:10:37,707
270
00:10:38,144 --> 00:10:39,144
No more will it be a situation
271
00:10:39,404 --> 00:10:41,234
of mining just for a few (people).
272
00:10:41,924 --> 00:10:42,764
We have to be able to
273
00:10:42,914 --> 00:10:44,474
274
00:10:45,224 --> 00:10:47,834
to network and to SHARE the
benefits of our country
275
00:10:48,104 --> 00:10:49,214
among all Chileans.
276
00:10:50,114 --> 00:10:52,724
That is why we will
soon start a participatory
277
00:10:52,904 --> 00:10:54,614
process with all
the participants involved.
278
00:10:55,034 --> 00:10:58,034
Local academic scientific
authorities and experts.
279
00:10:58,484 --> 00:11:01,214
Productive companies and
representatives of civil society.
280
00:11:01,664 --> 00:11:03,284
To determine together with them
281
00:11:03,584 --> 00:11:06,284
the new governance of
development and salt deposits.
282
00:11:07,604 --> 00:11:09,074
The National Lithium Policy (NLP).
283
00:11:09,644 --> 00:11:12,284
It is good news
compatriots for the country.
284
00:11:13,154 --> 00:11:15,164
For the boys and girls
who are watching us.
285
00:11:15,644 --> 00:11:17,564
For young people and
their families who live.
286
00:11:17,864 --> 00:11:19,904
Throughout the width
and length of our territory.
287
00:11:20,744 --> 00:11:22,064
It is more wealth for Chile.
288
00:11:22,604 --> 00:11:25,004
That you will be able
to finance new schools,
289
00:11:25,424 --> 00:11:26,424
hospitals, police stations,
290
00:11:26,564 --> 00:11:27,564
291
00:11:28,334 --> 00:11:28,964
and ultimately a more dignified life
292
00:11:29,114 --> 00:11:30,224
293
00:11:30,344 --> 00:11:31,344
for everyone.
294
00:11:32,534 --> 00:11:34,574
But important to note.
295
00:11:35,114 --> 00:11:36,134
And with this I finish.
296
00:11:36,524 --> 00:11:39,074
That we will be responsible
with public finances.
297
00:11:39,764 --> 00:11:40,764
Thus.
298
00:11:40,814 --> 00:11:43,364
Following the recommendations
of the autonomous fiscal council.
299
00:11:43,874 --> 00:11:47,504
A rule will be generated that defines
a spending threshold for lithium revenue.
300
00:11:48,674 --> 00:11:49,674
Thus,
301
00:11:49,754 --> 00:11:55,694
the transitory part of the lithium revenues saved will be
made to ensure the long-term financing of the investments.
302
00:11:56,114 --> 00:11:57,884
Technological and
productive social
303
00:11:58,154 --> 00:12:00,734
thus promoting
sustainable development
304
00:12:01,004 --> 00:12:02,004
and inclusive.
305
00:12:02,264 --> 00:12:03,264
of the country in time.
306
00:12:04,694 --> 00:12:06,554
Accordingly and
this is important.
307
00:12:07,154 --> 00:12:09,224
Given the nature
of lithium revenue.
308
00:12:09,644 --> 00:12:13,174
THESE CANNOT REPLACE A NECESSARY TAX REFORM.
309
00:12:11,354 --> 00:12:13,364
310
00:12:13,754 --> 00:12:16,604
For purposes of financing
permanent social expenses such as
311
00:12:16,874 --> 00:12:19,124
The increase in the universal guaranteed pension
(ie Pensión Garantizada Universal PGU).
312
00:12:19,514 --> 00:12:20,924
or the the National Health Care System (ISAPRE).
313
00:12:21,944 --> 00:12:22,944
Thus.
314
00:12:23,234 --> 00:12:27,824
we call on all political participants
to agree on this important issue.
315
00:12:28,244 --> 00:12:30,194
As we pointed out
this morning in the ENADE convention
316
00:12:31,784 --> 00:12:32,864
Chileans
317
00:12:33,314 --> 00:12:33,854
Today.
318
00:12:34,334 --> 00:12:38,114
We present to you
a technically sound
319
00:12:38,234 --> 00:12:39,234
and ambitious
National Lithium Policy (NLP).
320
00:12:39,614 --> 00:12:42,524
The one that contemplates concrete
and relevant steps of participation.
321
00:12:43,814 --> 00:12:45,464
This strategy increases/expands in time also
322
00:12:45,794 --> 00:12:47,534
on the experience of
those who preceded us.
323
00:12:48,224 --> 00:12:49,514
And I have deep conviction.
324
00:12:49,634 --> 00:12:50,634
325
00:12:50,924 --> 00:12:53,864
That we are taking the appropriate
steps for the lithium industry.
326
00:12:54,224 --> 00:12:56,204
It helps us create a
more prosperous Chile.
327
00:12:56,564 --> 00:12:57,884
with scientific development.
328
00:12:58,454 --> 00:13:01,154
A clean Chile that cares for
its people and its ecosystems.
329
00:13:01,694 --> 00:13:02,324
A Chile that and
330
00:13:02,594 --> 00:13:02,834
of.
331
00:13:03,224 --> 00:13:06,284
Improving the lives of all and all
the inhabitants of our homeland.
332
00:13:07,064 --> 00:13:09,404
A Chile that distributes fairly
333
00:13:09,644 --> 00:13:11,504
the wealth that we all generate.
334
00:13:12,464 --> 00:13:13,814
We are building a more dignified
335
00:13:13,994 --> 00:13:16,064
Chile and we will work together.
336
00:13:16,394 --> 00:13:17,394
With you.
337
00:13:17,594 --> 00:13:18,594
So that it be so.
338
00:13:18,944 --> 00:13:20,174
Advancing presents.
339
00:13:20,594 --> 00:13:21,594
It makes a better future.
340
00:13:22,454 --> 00:13:23,454
Thanks a lot.
341
00:13:26,234 --> 00:13:28,663
We thank the
television channels,
342
00:13:28,784 --> 00:13:32,413
radio stations and all the media
343
00:13:32,564 --> 00:13:36,104
for conveying the message
of the president of the republic
344
00:13:36,224 --> 00:13:37,224
Gabriel.
345
00:13:37,274 --> 00:13:38,274
Item.
346
00:13:39,764 --> 00:13:40,934
Government of Chile
347
00:13:41,204 --> 00:13:43,064
present for a better future.
Codelco_in early_talks with_prospective partners_for Maricunga_venture
https://www.mining.com/web/codelco-in-early-talks-with-prospective-partners-for-northern-chile-lithium-venture/ (aka the same old fart).
Ahhhhh, I remember back in my younger years when I was a young whipper snapper in 2017 when Codelco CEO Nelson Pizarro basically gave the same "we are in early talks" speech https://www.reuters.com/article/us-mining-bmo-codelco-intl-idUSKBN168330 that Codelco CEO Maximo Pacheco gave today about Codelco finally getting into lithium mining in Maricunga. But both Codelco CEOs are deliberately not telling the reader which "big players" they are talking to regarding Maricunga's lithium... and I am sure we will be hearing the same speech in another 4 years from now from the new female Codelco CEO almost word for word.
Codelco is coincidentally (and conveniently) always talking to a mysterious someone about Maricunga lithium for a couple weeks prior every upcoming NLP announcement/same-old-fart-fest.
The Doctor
Ding_ding ding..._Mario Marcel_pleading to_reopen Mining Taxation_Cap
Minister Marcel asks Congress to unblock the discussion on the mining royalty: "Please, let's close this issue!"
https://www-radioagricultura-cl.translate.goog/economia/2023/04/20/ministro-marcel-pide-al-congreso-destrabar-discusion-sobre-el-royalty-minero-por-favor-cerremos-este-tema/?_x_tr_sl=es&_x_tr_tl=en&_x_tr_hl=en-US&_x_tr_pto=wapp&_x_tr_hist=true
As I have said before a dozen times... Fiance Minister Mario Marcel is hands-down the smartest most-capable leftist in Mommy's Boy Gabby Boric's entire cabinet. Mario Marcel knows that without a firm maximum cap commitment on mining taxation and mining royalties for a firm period (ie 10 years... not a piddling 3 years) that Gabby Boric's NLP and NLC is dead on arrival (DOA) since no sane Whitey gringo lithium investor will invest in Shile (Shile=Shithole+Chile) until they know EXACTLY what taxes they will face over the next 10 years minimum... because everyone already knows what is good for the Copper goose is going to be made good for the Lithium gander.
The Doctor
Standard_NLP empty_teasers_for Friday_announcement get_pooped out
a day early https://www-latercera-com.translate.goog/pulso/noticia/la-politica-del-litio-que-se-anuncia-hoy-incluye-la-entrada-del-estado-como-actor-productivo-en-el-salar-de-atacama/Q6APTD5SHVBB7JAOP7DSPNEGR4/?_x_tr_sl=es&_x_tr_tl=en&_x_tr_hl=en-US&_x_tr_pto=wapp
This filler story is basically one big empty nothing-burger other than to let us know this leftist/commie government if going to create a "transparent" PILNT (Public Institute of Lithium and New Technologies) in Q2 of 2023 to somehow miraculously track which leftist/commie is stealing what and how-much-of-what from the new state-run lithium quasi-company to be called NLC (National Lithium Company). Well, if this new government agency actually works then it should be fun to see who is stealing what from under the table and how much they are skimming off.
in reading the fine print in this teaser WE all happily see that Mommy's Boy Gabby Boric is now openly admitting that the legal creation of a NLC (National Lithium Company) requires a BILL being approved by Congress... and once again I will be giving 3 to 1 odds this BILL approval does not happen anytime in the next 3 years as long as the Senate is controlled by Republicans.
The Doctor
--------------------------
Google English Translation of the teaser follows:
The lithium policy announced today includes "the entry of the State as a productive participant in the Salar de Atacama"
by Carlos Alonso and Victor Cofre
According to the minutes released by official parliamentarians, there will be a strategy for the entry of the State as a productive participant in the Salar de Atacama. The strategy is to be implemented in 2023 and will operate starting 2024.
Today (see Friday) on the national chain the government will announce the long-awaited (NLP) National Lithium Policy. One of the key axes that it will have will be the participation of the State in this strategic sector of the country. In this sense, from the (pre-written) minutes that were disseminated among government parliamentarians, it was detailed that a BILL for the creation of the (NLC) National Lithium Company will be entered. To this is added the creation of the PILNT (Public Institute of Lithium and New Technologies) in the second quarter of 2023.
Likewise, there will be a strategy for the entry of the State as a productive actor in the Salar de Atacama. the strategy is implemented in 2023 and will operate from 2024. The mechanism for exploration and subsidiary use of resources from salt flats other than the Salar de Atacama.
There will also be a participatory process, at the national level and with local communities, and the creation of the CORFO Committee for the productive development of Lithium and Salt Flats, in the third quarter of 2023.
Another axis that this policy will have is that the beginning of the process to enter the Extractive Industries Transparency Initiative (EITI) as a country will be during the first semester of 2023, to ensure the greatest transparency and probity in all extractive industries. including lithium mining. In addition, complying with the highest international standards.
Friday_(since 2013)_will be_429th NLP_announcement we've sat_through
.... and we've boringly sat through them all... the grand pooh-bah NLP announcements from the mouths of Michele Bachelet, Aurora Williams, Sebastian Pinera, Baldo Prokurica, Juan Carlos Jobet, Mommy's Boy Gabby Boric, Willy Kracht (RIP), Nicolas Grau (March & April 2023), and Anti-Mining Marcela Hernando (latest evil incarnation of the eternal leftist/commie Thief In The Night) plus scores of other fleeting revolving-door officials from the Chilean government. The next 429th announcement (cue the drum roll) now from Mommy's Boy Gabby Boric once again will be regurgitated up on Friday https://www-timeline-cl.translate.goog/presidente-boric-viajara-este-viernes-a-antofagasta-para-presentar-la-politica-nacional-del-litio/?_x_tr_sl=es&_x_tr_tl=en&_x_tr_hl=en-US&_x_tr_pto=wapp
Let me guess what Mommy's Boy Gabby Boric will say on Friday:
1. This leftist/commie government wants help from private miners in mining THE GOVERNMENT'S Pinochet-god-given lithium... unfortunately rigidly located on smelly peon privately-owned properties.
2. This leftist/commie government wants the private landowners with lithium on their property to sign a deed (which government lawyers will craft 100%) over to us (Chile) giving us (Gabby & Marcela & RP) leftists/commies over 51% ownership/control in the lithium mining companies these private miners previously established legally under Chilean law.
3. This leftist/commie government wants over 51% ownership in the new lithium "revised" companies but we (leftists/commies) don't want to invest a single red peso from our cash-strapped Treasury in any new "revised/restructured" lithium companies... because we (Chile) don't have a single red peso to spare investing in crap-shoot lithium mining... we (ie the Government) are basically broke... we're deadbeats.
4. This leftist/commie government then wants to tax and super tax through royalty decrees (changeable every 30 days) on lithium mining income a cumulative total of 48% (see Mario Marcel for voluminous impossible-to-trace paper formwork).
5. This leftist/commie government then wants to put the RP (Radical Party aka PR) in charge of all oversight lithium desk-job (in modern catered AC cooled offices) mining work for the next 30 years... or sodium batteries becomes a reality... whichever comes first.
6. This leftist/commie government then wants all our leftist/commie grifters given over-priced easy-peasy (but look hard) maintenance contracts (aka free money) on the lithium mining jobsites so these leftist/commie party-members can live the good life.
7. This leftist/commie government does not what to pay any money to private lithium land holders under the expropriation laws of Chile for taking the lithium and water from the properties in question to be sucked dry of lithium. Editorial note: You all will remember that SIMCO/Simbalik wants US$2.6 billion from the State for their property (5,700mtpa) in Maricunga. Thus following that formula our LPI property (15,200mtpa) would be valued at 2.66 times the SIMCO/Simbalik formal legal claim.
8. Have I missed anything?
We junior lithium miners have all heard all these NLP demands before from the government/mafia/extortionists/scammers 428 times since 2013 and now we're going to hear again on Friday.
The Doctor
PS, Dear Mommy's Boy Gabby Boric, we're going to pass on your NLP plan for 3 more years. Let's say we will revisit this whole NLP issue in late March of 2026... that is, if your party Approve Dignity is still in power then. See you Friday.
Bruno_Mars returns_to Chile September_6... finally_some good_news
https://www-cnnchile-com.translate.goog/cultura/bruno-mars-concierto-chile-estadio-monumental-venta-entradas_20230419/?_x_tr_sl=es&_x_tr_tl=en&_x_tr_hl=en-US&_x_tr_pto=wapp
"It_will not_be like_saltpeter!" Whose_battle_cry is_this?
That's right, we can't fool you, this is the battle cry of all the male-hating leftist/commie lesbos/dykes in Chile wanting to kill all chances of ever seeing another defiant proud manly junior lithium miners' erectus penis arising in protest/opposition and Anti-Mining Marcela is the main cheerleader of us lithium miners all eating saltpeter this week. Under Marcela's decree every red-blooded junior lithium male miner must swallow a triple dose of saltpeter before Marcela starts howling her oversized hot-air horsesheet nothing-burgers once again in Atacama tomorrow https://www-redimin-cl.translate.goog/no-sera-como-el-salitre-la-minuta-que-envio-el-gobierno-a-sus-parlamentarios-ad-portas-de-la-presentacion-de-la-politica-nacional-del-litio/?_x_tr_sl=es&_x_tr_tl=en&_x_tr_hl=en-US&_x_tr_pto=wapp
The Doctor
BYD to get a lithium toehold in Chile
BYD Chile is the first selected by CORFO in the call for specialized lithium producers to promote value-added initiatives in Chile
https://esbuenisimonews-com.translate.goog/byd-chile-es-la-primera-seleccionada-por-corfo-en-el-llamado-a-productores-especializados-de-litio-para-impulsar-iniciaticas-de-valor-agregado-en-chile/?_x_tr_sl=es&_x_tr_tl=en&_x_tr_hl=en-US&_x_tr_pto=wapp
and/or https://www-latercera-com.translate.goog/pulso/noticia/byd-chile-es-la-primera-seleccionada-por-corfo-para-impulsar-iniciativas-de-valor-agregado-del-litio/JGS55LKEMFEAHNBPZY3T3NCREQ/?_x_tr_sl=es&_x_tr_tl=en&_x_tr_hl=en-US&_x_tr_pto=wapp
Dear BYD, perhaps it goes without saying, but you know not to sign on the CORFO balls-crusher dotted line until these leftists/commies guarantee you can also buy non-CORFO-dized lithium outside the SQM/Albemarle prison during periodic force majeure "restrictive/delivery-curtailed" times (including local indian or Bolivian/Russian road blockades/insurrection) and especially AFTER 2030 should SQM not renew its lease with CORFO (which we are betting will happen for sure).
The Doctor
PS, See you in 2030.
Kiss kiss,
Your One True Real Loverboy (live from LPI Maricunga).
Mining_Royalty hits_Senate brick_wall. No_to 48%cap &_too-short 3yr_term
The Senate wants a Mining Royalty cap much less than 48% and a longer term of 10 years over a way too-short 3 year term. And as far as a leftist/commie outrageous 50% cap goes... well, forgettaboutit from now on.
https://www.latercera.com/pulso/noticia/royalty-minero-gobierno-no-consigue-respaldo-opositor-a-carga-maxima-tributaria-de-48-y-votacion-en-el-senado-se-pospone-para-mayo/FPCTACTGIBBSVKVRG3HWEGD35U/ exactly as we predicted would happen under the very welcomed new President of the Senate Mining Commission Senator Luz Ebensperger on April 10 https://investorshub.advfn.com/boards/read_msg.aspx?message_id=171655128
See a Google English translation below.
Bravo, excellente.
The Doctor
-----------------------
Mining Royalty: Government Fails to Get Opposition Support for Maximum Tax Burden of 48% and Senate Vote Postponed to May
by Victor Guillou
The talks between senators from Chile Vamos and the Treasury failed to bring positions closer to the limit on the payment of taxes for the large mining companies. Different players in the industry stressed their call to set a lower ceiling so as not to affect the competitiveness of the sector in the global mining concert.
An intense day of negotiations took place in the Senate on Tuesday. On the one hand, the government, represented by the Minister of Finance, Mario Marcel, and his undersecretary, Heidi Berner; and on the other, the RN senators, Rodrigo Galilea and Rafael Prohens, and their UDI peers, Juan Antonio Coloma and Javier Macaya, as representatives of the opposition. The conversations sought to approach positions regarding the proposal presented by the Executive in its indications entered on Monday, within the framework of the project that establishes the mining royalty, of a maximum tax burden of 48% for the companies affected by the payment.
However, the negotiations did not achieve their goal, in view of which the parties agreed to extend the talks for at least two more weeks.
Senator Ricardo Lagos Weber (PPD), president of the Finance Commission, where the initiative is located, although he emphasized "the effort that is being made, particularly from the government, to bring positions closer to the opposition," explained that " most likely we will have to process it (the project) in the next two weeks, or eventually after the district week”, scheduled for the first week of May. With this, the initiative would be voted on after the constitutional elections on May 7.
The day of negotiations began first thing in the morning in the Treasury committee of the Upper House. Until there came the Undersecretary of the Treasury, Heidi Berner, who commented with the attendees on the new formula entered via indications.
Berner remarked that in last Tuesday's session "what was discussed was 50%", and that after the conversations held in the last week, they were confident that "there is a willingness to get closer to an agreement", and for this reason the indication entered during the night of this Monday contemplates a lower figure, 48%.
The undersecretary also recognized the "need for this tax burden that occurs with the royalty, not to generate the wrong incentives." Given this, she explained that the indications also propose incentives for the expansion of mining projects. For this, the Executive proposes that the tax rates remain subject to the average production of the last six years.
Thus, a small producer that expands its capacity above 12,000 metric tons of fine copper (TMCF), would be exempt from paying the tax for up to six years, while a medium-sized producer, that exceeds 50,000 TMCF, will maintain that same term payment of ad valorem between 0% and 2%.
In turn, Marcel explained that these points, added to the depreciation incorporated into the mining operating margin and start-up expenses, which are already part of the project, allow that, together, "the combination of these elements make the profitability of an investment project increases significantly”
The indications also seek to make a gesture to the parliamentarians of the regions. For this reason, they propose extending that the direct contribution of the royalty to the mining communes extends for a period of 10 years, from the three years previously established in the project. In this line, the senator of RN, Paulina Núñez, attended the session to raise the need to "find a formula" to prioritize resources to the communes and mining regions.
Another of the points that monopolized the discussion was whether the ad valorem tax would be considered expressly as an expense for determining the operating profitability of the large mining companies, on which the maximum tax burden will operate. In this, despite the explanation given by the tax coordinator of the Treasury, Diego Riquelme, on how the taxes considered as deductible expenses operate, senators José García Ruminot and Ximena Rincón pointed out the need to consign said criterion "expressly, so that they do not there are doubts about it, ”said the ex-militant DC.
Lithium_mining in_Chile explained_in 6_pages prior_SP jump
We are reprinting 6 pages from the United Nations CEPAL report titled Adding value in the production of lithium compounds in the region of the lithium triangle https://repositorio-cepal-org.translate.goog/handle/11362/48055?locale-attribute=es&_x_tr_sl=es&_x_tr_tl=en&_x_tr_hl=en-US&_x_tr_pto=wapp
Click here for full 76-page report in Spanish
The 6 pages that should bring you up to speed on lithium mining in Chile are below translated into Google English.
Note:
NLC = National Lithium Company (ref Boric/Hernando)
CLN = National Lithium Commission (ref Bachelet/Williams)
... these two acronyms are completely different animals.
The Doctor
--------------------------------------
https://repositorio.cepal.org/handle/11362/48055?locale-attribute=en
https://repositorio.cepal.org/bitstream/handle/11362/47060/S2100288_es.pdf%3B
See pages 31 through 37 (pdf pages 33 through 39)
III. Regulatory and institutional framework for lithium
Poveda, (2020), in the case study of lithium governance in Chile, describes the milestones in the Construction of public lithium policy in Chile. Identifies four stages with configurations that range from a State that intervenes with active policies to a State that trusts in the market, with different results at all times. In the last stage, we observe that the State defined lithium governance guidelines with a more comprehensive look. In addition, we check the conditions that regulate the use of the mineral and the implementation of public policies from a more demanding perspective of income appropriation, real territorial distribution, value tangible sharing, environmental safeguards, and productive chains and innovation associated with the lithium value chain.
On this occasion, a closer look is made at the public policies deployed by Chile in search of productive sophistication and the promotion of research and development in the supply chain utilization of lithium. Thus, this section analyzes the regulatory and institutional framework that regulates lithium exploitation activities from its exploration, exploitation, processing and use in Chile. Discerning the regulatory framework allows greater clarity regarding institutional rules, generally legally formalized, and implicit informal rules. This framework provides the opportunities and tools for action and sets the limits and barriers to management capacity and incidence of the participants in their interaction and mobilization of resources.
In order to understand the regulatory framework for lithium in Chile, it is necessary to establish a turning point in the history of public policies that have been created, reformed or eliminated, which, As will be seen later, it is connected to the strategies and mining, productive and research, and horizontal and sector-by-sector policies (see Chart 7). Although a good part of the strategies, political decisions and public policies have not been directly associated with the lithium-ferrous mining and, in general, have been adopted with a horizontal character and, in some cases, linked to the copper sector, there are meeting points in the established trajectories and the spills produced that will impact the lithium production chain and Chile's lithium value addition strategy.
The starting point in the case of policies, regulations, strategies, and incentives for value addition and innovation and research associated with the productive links of lithium is given for the creation of the National Lithium Commission (CNL) in 2014 and the subsequent negotiation of contracts de Albemarle (2016) and SQM (2018) by CORFO. After establishing the terms and conditions of the new contractual clauses, CORFO is implementing the value policies aggregate and innovation through various tenders that will be addressed in detail in the next section. Setting a starting point within the dynamic processes of public policy development does not mean This means that the preamble of policies and productive milestones that existed (see annex 2) is unknown and that configured the political will of the participants in relation to a determined collective problem: in this case the need to incorporate innovation, technology and added value to production processes beyond the extraction of minerals, particularly lithium as a raw material.
During the course of the study, the leading role of certain participants (30) will be identified who, within of the fields of action (formal and informal) and with the heterogeneity of scope and disposition of resources (31) affect the placement and notoriety of a topic on the media agenda, its subsequent inclusion in the political debate and, finally, the elaboration of a policy that seeks to provide a solution to a particular collective problem.
A. The regulatory isolation of lithium in mining legislation
Chile's mining regulatory system was designed with an extra-activist vision of natural resources, as part of a development strategy based on the free market, which prioritizes the attraction and protection of investments for the use of mining resources and the processes of privatization of companies and services. In the period of military dictatorship that Chile went through from 1973 to 1990, the norms, principles and institutions that have governed the public mining policy of the country. These are mainly: i) the Political Constitution of the Republic (CP) from 1980; ii) the Foreign Investment Statute (Decree Law 600) promulgated in 1974, in force until the year 2016); iii) the Organic Constitutional Law on Mining Concessions (LOCM) in force since the 7th of January 1982, and iv) the Mining Code (CM) promulgated on September 26, 1983.
Among the characteristic features of Chilean mining regulations can be distinguished, the property mining industry regulated at the constitutional level (32), the concessions regime (33), and the existence, within a model that seeks to limit the direct participation of the State in productive activities, in two public companies, the National Mining Company (ENAMI) (34) and the National Corporation of Copper (CODELCO) (35).
In Chile, lithium is regulated by a specific regulation that excludes it from the regulatory framework described miner. During the military dictatorship, which had designed the legal framework for the use of mining resources, the legal scaffolding was also built that declared the lithium a strategic resource reserved for the State and not concession-able, and established the mechanisms for State and private participation in its exploitation. The state reserve regulatory barrier created by the military regime for strategic security reasons did not encourage the creation of a public company or the delegation of this activity to existing state companies (CODELCO and ENAMI). the same military regime designed participation in partnership with the private sector as a management model for exploitation of its lithium resources. On the basis of this legal framework, during the decades of the 1980s and 1990s, signed the agreements between the State (CORFO) and the private companies SQM and Albemarle, where the conditions for exploration and exploitation of lithium were established.
In the context of the Cold War, the military dictatorship that ruled Chile established a framework regulatory and institutional framework on materials considered to be of nuclear interest. Initially in 1976, through Decree Law No. 1557, granted the Chilean Nuclear Energy Commission (CChEN) the capacity to control the trade and collection of materials of nuclear interest and the power to declare of public utility and expropriate-able to nuclear materials. Then, in 1979, with the publication of the Decree Law No. 2,886, lithium was reserved for the State for reasons of national interest, it was excluded from the mining concession regime and the guardianship of the CChEN was determined for any act or contract related to the mineral. Additionally, the Mining Code was amended, eliminating the uranium, lithium and thorium as elements on which mining ownership could be established, that is, leaving them out of the mineral concession regime. In the 1980 Constitution, it was delivered to the law the power to determine the elements not subject to concession and it was provided that the exploration, the exploitation or benefit of deposits containing substances not susceptible to concession, could be executed directly by the State or its companies, or through administrative concessions or special operating contracts.
Subsequently, through the approval of the Constitutional Organic Law on Concessions Mining companies, in January 1982 the non-susceptibility of lithium mining concession was ratified jointly with liquid and gaseous hydrocarbons, reaffirming the exclusion of this rule of those titles miners that were constituted before the validity of the Decree or began its process of processing registration before January 1, 1979 (36), except for the mining titles of lithium held by CORFO and which will later be the only ones that have been exploited. Finally, In October 1983, the new Mining Code was issued, confirming as a general rule the concession of all minerals under the regime of full ownership guaranteed by the Constitution, with the exception of lithium. This constitutional and legal framework is still in force.
The first associative initiative of the State that gave rise to the current Albemarle contract is the agreement signed in 1975 to carry out exploration studies in the Salar de Atacama between the American company Foote Mineral Company and the Government of Chile. Later, in 1980, the CORFO and Foote Mineral formed the Chilean Lithium Society (SCL) with 55% ownership by Foote Mineral and 45% by CORFO. Once the company was incorporated, it signed the Basic Agreement with CORFO where SCL (Chilean Lithium Society) was assigned a production quota of 200,000 tons of contained lithium or equivalent and SCL was given exclusivity for eight years to operate in the Atacama salt flat (Gravel, 2015). The Basic Agreement is the contract signed between CORFO (State of Chile) and the Chilean Lithium Society (today Albemarle) that established the conditions for the exploitation of the mining belongings of the Salar de Atacama until its modification in the new contract of the year 2016. In 1984, the first SCL plant (55% Foote Mineral and 45% CORFO) started up, placing Chile on the world stage of lithium carbonate production. Between 1988 and 1989, Foote Mineral Company acquired 45% of CORFO's participation in SCL (Lagos, 2012). In 1998, Foote Mineral was bought by the German Chemetall which, in 2004, was acquired by the American Rockwood Holding Inc. Finally, in 2015 Albemarle bought Rockwood Holding Inc (Obaya and Pascuini, 2020).
On the other hand, the original background of SQM's current exploitation in the Salar de Atacama refers to the international tender carried out by CORFO in 1983 to produce potassium salts, boric acid and lithium, awarded to the American companies AMAX Inc and the Chilean Molymet (37). Then After the award, in 1986, Minsal Minera Salar de Atacama was established, made up of Amax Inc. (63.75%), CORFO (25%) and Molymet (11.25%) with the corporate purpose of exploring, exploiting and commercializing potassium, boron, lithium and any other product or by-product from the brines of the Salar de Atacama. In addition, it was agreed to limit total lithium production to 180,001 metric tons of lithium. cash within 30 years. Between 1993 and 1995, the Chilean company Sociedad Minera y Química de Chile Soquimich (SQM) purchased 100% of the shares represented by Amax, Molymet and CORFO, consolidating the ownership of Minsal and changing its corporate name to SQM Salar S.A. TO from the beginning of the production of lithium carbonate of Minsal (SQM) in 1996, there was a jump production relevant to the country that consolidated its leadership worldwide from 1997 to 2011. In 2012, during the first term of President Piñera, an attempt was made to expand the productive offer of lithium through a tender that was finally canceled due to non-compliance with the bases of the process of the winning company: SQM. This failed initiative prevented new participants from participating in the exploitation of the mineral, maintaining the historical oligopolistic position of the two companies that Until today they extract lithium from the Salar de Atacama.
B. The lithium boom and linkage policies productive and innovation
In the governance of lithium in Chile, a breaking point is observed after the creation of the Commission Nacional del Litio (CNL) in 2014, at the beginning of the second term of former President Bachelet; the renegotiation of contracts with the companies Albemarle and SQM in charge of lithium exploitation between 2016 and 2018; and, finally, the implementation of value-added and research tenders and development that are in process since 2017.
In a context of high commodity prices and lithium notoriety on the public agenda, intensified in previous years by the disputes between the State and the producing companies and by the failed attempts to expand the productive offer of the previous government, the then incoming president Michelle Bachelet, making use of her political leadership and influence and using political support and consensus38 at the beginning of her government (2014), she convened a Presidential Advisory Commission (39) called National Lithium Commission. This Commission had the objective of generating a strategic vision around to a National Lithium Policy (NLP). This political signal was part of the ideological orientation of the government that sought a more leading role for the State in the governance of extractive resources. At the same time, as will be analyzed in the next chapter, the same government formed another Presidential Advisory Commission to discuss the collective problems that had been positioned in the mining political debate on the development model based on the exploitation of natural resources, and the sustainability challenges that had to be faced by virtue of the slowdown in the pace of mining investments, the deterioration of confidence, the productivity gaps detected and the complex relationship with the peoples and communities in the areas of extractive influence.
Within the CNL National Lithium Commission there was a political debate that initially focused on setting a royalty and which later included as a central theme the role that the State should have in the exploitation of the mineral and in the establishment of industrial policies, as well as the risks in the sustainability of the fragile salt flat systems. Finally, the CNL presented its report with a series of public policy guidelines aimed at:
i) the recognition of lithium as a resource strategic, this time due to its link with the global energy transformation;
ii) the prioritization of environmental and social sustainability in the use of resources in fragile ecosystems such as salt flats;
iii) the central participation of the State in the exploration, exploitation, control and inspection of the natural resource; and
iv) the establishment of policies to strengthen the local capacities of research and technology linked to value chains in the forms of extraction and uses of lithium, associated with the solar potential of Chile.
After the report was presented, without the institutional reforms having materialized suggested, CORFO, between 2016 and 2018, based on the interest of SQM companies and Albemarle to expand its extraction quotas, renegotiated the current agreements with the aforementioned companies. As can be seen in the following table, the new terms and conditions of the contracts established greater powers of the State for control and supervision, the expansion of the extraction quotas, a greater appropriation of rent by the State via fixing royalties variable and incremental linked to the extraordinary price of the mineral and economic contributions in favor of the communities. Likewise, the contracts with Albemarle and SQM included two clauses contractual. A so-called "value added", which consists of the obligation to sell a quota of up to 25%40 of the production of each one of the companies at a preferential price in favor of specialized lithium producers that advance in the lithium value chain and develop their work of production in Chile. The second, a clause called "Research and R&D Development", in by virtue of which the companies committed to making annual contributions of financial resources for research and development in public or private entities
Table 2
Comparison of the conditions of the Albemarle and SQM contracts
Albemarle new sales quota: 262,132mt + remaining 110,000mt of the previous quota 200,000mt
SQM new sales quota: 349,553mt + remnant of 64,816mt from the previous 180,000mt brine extraction
Albemarle water usage: Use of 442 liters per second (l/s) of brine with water rights for 23.5 l/s
SQM water usage: Remains at 1,500 l/s and water rights of 240 l/s
Albemarle term: 12-31-2043 (not set before)
SQM term: 12-31-2030 (maintained)
Albemarle Royalty: 6.8% to 40% for Li's price. (before it did not exist)
SQM Royalty: 6.8% to 40% due to the price of Li (before 5.8% fixed)
Contributions for R&D Between USD$6 and USD$12.4 million annually (previously not existed)
Between USD$10.7 and USD$18.9 million per year (before 0.8% 5.8%)
Albemarle Value Added Incentive: Up to 25% of production at a preferential price.
SQM Value Added Incentive: Up to 25% of production at a preferential price.
Albemarle Communities contribution: 3.5% of sales.
SQM Communities contribution: Between USD$10 and USD$15 million
In short, the promoting role throughout the value chain in the governance of lithium, including productive chains and innovation, is assumed from the public by the Central Government to through the CNL National Lithium Commission, led by the Ministry of Mining. The Ministry of Mining, which traditionally it has not had a greater political relevance within the government structure, it had an important political space in the formation of the two Presidential Advisory Commissions before mentioned. Subsequently, CORFO took the lead in defining the strategies and their implementation. Since the 1980s, CORFO (42) has played a leading role in the Configuration of the lithium industry in Chile. At first, when applying for mining holdings in the salt flats and promote exploration studies and by signing strategic alliances with private companies for the exploitation of lithium. Later, between the 1980s and 1990s, without a leading role, having resigned its role in productive activity in favor of its former private partners. From 2014, in the participation in the construction of the National Lithium Policy (NLP) and in the complex negotiation of the contracts with companies that operate in the salt flats (43). Finally, from 2017, leading the strategies and tenders to promote value-added policies downstream and innovation that are detailed below. CORFO has been not only a key government agency in the lithium sector, but also also an executing arm of the transversal policies of productive development and innovation designed from the Ministry of Economy and implemented by this institution through programs such as Startup, Research Centers of Excellence and Alta Ley that will be described in the next chapter.
As seen in the first chapter, the two main lithium production companies in the world operate in Chile, one of US origin Albemarle and the other originally from Chilean capital SQM (44). These companies are part of the global governance of lithium in the first production link. Albemarle (formerly Rockwood) and SQM, through their economic and technological resources, have had a promoter role of extractive activity in Chile. However, this extractive leadership position does not has been connected in a significant way with the efforts of innovation, research and productive linkages. After 35 years of exploitation of the Salar de Atacama and the technology transfer of exploitation processes in brine introduced by Foote Mineral (today Albemarle) and adopted by SQM to its productive projects, in addition to the training of local capacities and the optimization and innovation of their processes with the development of patents own, there has not been a significant link with the national university and scientific environment to advance research and development of industrial processes in the lithium value chain. The dissimilarities that exist between the interests and incentives of SQM or Albemarle in the application of the value-added clause compared to those of specialized manufacturers are a challenge in the short and long-term, and will require innovative relationships that seek to consolidate an alliance relationship between the parties, where the role of CORFO will be conclusive.
1. Value-Added Tenders
In a context of consolidation of the global megatrends of energy transition and of the global policies against climate change (see annex 3) that drive the demand for minerals critics such as lithium, after the signing of CORFO contracts with the Albemarle companies and SQM, and by virtue of the application of the “value added” clause (45), CORFO decided to carry out two separate tenders, one for each of the contracts. In the case of Albemarle, an international call during the year 2017 in which 12 projects participated, they were shortlisted to seven for a second stage of evaluation46 and three were selected in March 2018 (47). However, In July 2019, CORFO officially announced the withdrawal of the three selected companies, vanishing expectations of investments valued at USD$750 million that had been announced in the selection of the companies and failing the first test that CORFO had tried to give a leap in the lithium value chain in Chile.
The failure seems to obey a sum of participants. First, and perhaps most important, the lack of clarity in the bidding conditions on the so-called preferential price. According to interviews made to participating companies, expectations were high regarding the advantages that in the business model a lower price of lithium in relation to the market value. However, in the way in which the preferential price was finally defined did not imply a competitive advantage significant. This agreement between CORFO and Albemarle regarding the preferential price, which took several months and almost ended in international arbitration, delayed the process. Since the tender was launched in 2017 and 2019 when it was possible to finish the contest, the conditions of the international market of lithium changed drastically. The perception of lithium scarcity and uncertainty from the side of the supply that drove the growth of the price and the appetite from the demand in the manufacturing centers to ensure its supply (48), it became an oversupply of the mineral that impacted the demand reducing its value.
One of the barriers to entry that companies that did not have the development technology itself were the high costs of royalties for the patents that must be used in the process manufacturing materials or elements of the lithium value chain, inescapably linked to the standards and technical requirements of the manufacturers of the next link. According to former Executive Vice President of CORFO, Albemarle's role in the failure of the tender was determinant, referring to the fixing of the preferential price, in addition to the alleged lack of CORFO to demand through arbitration the fulfillment of the obligations of Albemarle (49).
In short, the challenges for investments in the lithium value chain are numerous. He lithium is only a small proportion of the raw material cost of a lithium ion battery (10% at the 2019 price), without a sufficient supply of other raw materials such as nickel or cobalt that have a significant impact on the cost structure. On the other hand, the absence of a qualified labor market for this particular industry and an established supply chain and Asia-focused make more than a preferential price incentive arguably necessary to promote productive investments (CRU, 2019; Roskill, 2019b).
The participation of leading players worldwide in lithium production chains such as Samsung SDI and Pohang Iron and Steel Company (POSCO), or from participants with local knowledge such as Molymet, world leader in the extraction of molybdenum, could have allowed us to have a group of participants that, on the basis of their techno-productive and commercial capacities, will promote a successful implementation of lithium value-added production processes in Chile, achieving the linkage with local capacities and national research and innovation networks and international. It is pertinent to remember that Samsung SDI, Pohang Iron and Steel Company (POSCO) was part of the Korean-Japanese consortium POSCO CONSORTIUM that participated in the tender for the Special Operation Contract for the Exploration, Exploitation and Benefit of Lithium Deposits (CEOL) of 2012, initially awarded to SQM and finally annulled. This reiterated interest of Korean companies in the extraction and manufacturing of lithium components in Chile, may be positive for the ongoing process. From another perspective, the lack of specificity of the two initiatives of the State of Chile in attracting investment, initially for the exploitation of the mineral in 2012 and later for the installation of specialized manufacturers in 2017, it can undermine the confidence of international companies in the face of new government projects.
The Chilean government, in the value-added clause (Preferred Lithium Prices), defined expressly what would be considered to add value to lithium, defining the production of lithium cathodes, lithium battery components and lithium salts, and excluding the possibility that the price incentive can be used for the sale of products such as lithium hydroxide or lithium chloride in any of its qualities. However, in the contract with Rockwood (today Albemarle) it was considered the option of an extra quota (to the additional 262,132mt of LME) of production subject to the condition of build a battery grade lithium hydroxide plant. This incentive was given considering that At the time of contract negotiation -including 2019- the only installed production capacity of lithium hydroxide in Chile belongs to the SQM company, while Albemarle maintains its capacity production of lithium hydroxide outside of Chile.
In April 2019, CORFO and the Chilean Investment Promotion Agency carried out the second call for the installation of specialized producers in the lithium value chain, this time using as input the lithium products produced by SQM (lithium carbonate and hydroxide) with a preferential price until the year 203050. According to the schedule of the international call, the proposals had to be delivered in March 2020 (before January). In this case, it has already been defined the preferential price, the availability of products and the supply times. Without However, according to the companies interviewed, there is no major variation regarding the conditions of the failed process and, in this case, the incentive seems even less attractive if one considers the structure of SQM and the short duration of the benefit, from six to seven years. like a wink In addition to this incentive, in the first R&D tender, which will be discussed later, established a kind of cross-subsidy in favor of the eventual winner of this value bid aggregate, which consisted of the obligation to allocate at least 10% (USD$19.3 million) of the contribution of R&D delivered by SQM for research and development activities, technology transfer and innovation, specialized technological and technical assistance, whose main beneficiaries will be those that CORFO selects as specialized manufacturers.
In June 2020, CORFO announced the award to the Chilean company Nanotec (only offer) to become a specialized producer and add value to lithium. The project presented to CORFO consists of producing lithium nanoparticles and additives, which will enable the development of lighter, more flexible batteries with more efficient charging and higher performance, applicable to phones cell phones, sensors, and medical devices, among others. The project must be able to produce lithium nanoparticles within two years, and the new infrastructure that Nanotec will have to materialize in a period of three years will be located in San Bernardo, Metropolitan Region (51). Nanotec is a national company with activities since 2010 in the field of applied nanotechnology, with a focus on R&D and production of copper nano-composites (52). The award to a local company without the technological, productive and commercial capacities of the large international manufacturers in the different links of the lithium chain does not meet the initial aspirations that projected by the Chilean government when designing and promoting the processes. However, it opens a space for the promotion of local capacities in a niche market.
The little interest in this process seems foreseeable considering the few adjustments made by CORFO in the terms of the tender and the non-variation of the international market structure of lithium since the failure of the previous tender. To this must be added the distrust of the industry Due to the previous lack of clarity, the local context affected by the uncertainty that the process brought social and political in which Chile has been transiting since October 2019 and the global pandemic of COVID-19 since the beginning of 2020.
Finally_figured out_why Nicolás_Grau is_always sticking_his nose_in lithium
business. Well I'll be darn, it turns out that Minister of Economy Nicolás Grau does indeed have a vested interest in what happens with the upcoming NLP & NLC.
I was reading the last Overview of Lithium in Latin America Report from CELAG.org (Centro Estratégico Latinoamericano de Geopolítica aka Strategic Center Latin American of geopolitics) and I discovered on Page 10 Section Chile bullet point 3 paragraph 2 that CORFO (Corporación de Fomento de la Producción) is actually a public service under the Ministry of Economy... so it only follows that Nicky wants to keep "his" personal pet golden goose intact and safe-from-any-gutting and most importantly continuing to lay those fat juicy tasty golden eggs for his ministry and not some other ministry like the Ministry of Mining or the Ministry of Energy like the one Juan Carlos Jobet used to run under Pinera.
The Doctor
--------------------------------
Page 10 follows:
Chile
• Geographical location: it is located in the Salar de Atacama.
• State Regulation: Since 1979, lithium has been a mineral of "national interest" (Decree Law 2,886, which also establishes the application of the General Regime of the Mining Code). In turn, there are several specific sectorial norms related to lithium: the 1975 Nuclear Terms Regulation,
which establishes lithium as a mineral of "nuclear interest", and the Chilean Nuclear Energy Commission (CChEN), created in 1965 (Law 16,319), deals with problems related to the production, acquisition, transfer, transport and peaceful use of lithium. In 1976, Law 1,557, establishes that CChEN is the only one with stockpiling faculties and it is empowered to expropriate in its favor materials of nuclear interest. All this without forgetting that already in 1939 (Law 6,334) the Production Development Corporation (CORFO) was created, a government agency that manages and negotiates with the lithium concession companies.
• State Structure:
Ministry of Energy.
The Chilean Nuclear Energy Commission (CCHEN) was created in 1965, with U.S. cooperation.
Corporación de Fomento de la Producción (CORFO), which is a decentralized public service of the Ministry of Economy, created in 1940. Its mission is to develop industries in the State. It was a shareholder in the lithium exploitation processes on behalf of the State.
• Dominion: According to the Constitution, the State has absolute, exclusive, inalienable and imprescriptible dominion over all mines, and it is up to the law to determine which substances may be the object of exploration or exploitation concessions. Law No. 18,097, Constitutional Organic Law on Mining Concessions, in its Article 3, paragraph 4, as well as the Mining Code, in its Article 7, expressly provide that lithium is not subject to mining concessions for exploration or exploitation. Consequently, according to the applicable regulations, the exploration, exploitation and benefit of deposits containing lithium will be carried out by the State, either directly or by means of special operating contracts (CEOLs), under the conditions and in compliance with the requirements established for each specific case by the President of the Republic through a supreme decree.
The private company Sociedad Minera y Química de Chile Soquimich (SQM) has had an oligopolistic (definiton = a state of limited competition in which a market is shared by a small number of producers or sellers) position of lithium carbonate production since 1995. In 2018, the tenders were renegotiated giving the State greater oversight powers.
In October 2021, the outgoing Chilean government, as part of its last actions, put up for auction the award of five new special lithium operating contracts (CEOLs) to explore and produce up to 400,000 tons of lithium. These contracts will have a 7-year renewable term, 2 more years for exploration and 20 years for production.
• Tax Policy and Incentives: The mining tax policy is determined in accordance with the annual sales of each company, according to marketing bracket: sales of less than 12,000 tons will be tax-free; from the 12,000 tons and 15,000 tons, the effective rate will be between 0% to 1.93%; and commercialization over 50,000 tons will have an effective rate between 5% to 14%. In addition to the Corporate Income Tax 27%; Profit Retention Tax from 35% to 44.45%, Profit Retention Tax from 4% to 35%, Import Duties 10% and a royalty of 30%.
In 2005, Law 20,026 established tax invariability for 12 years for mining companies.
It is worth highlighting the contributions to Research and Development.
For example, the company Albemarle annually allocates between 6 and 12.4 million dollars; and the company SQM annually allocates between 10.7 and 18.9 million dollars.Finally, the State can adhere to "value added" clauses, which implies preferential lithium prices for the State (for specific periods) in order to attract industries that add value and production to lithium.
Finally, the State can adhere to "value added" clauses, which implies preferential lithium prices for the State (for specific periods) in order to attract industries that add value and production to lithium.
Q._What work/activity_do LPI-HotCopperites excel_at?
A. https://hotcopper.com.au/threads/lpi-the-next-lithium-producer-in-chile.6650218/page-3128?post_id=67344116
Rumor_Control Central_Report on_NLP actually being_born this_week
April 17 to April 21
On the hunt for lithium: the lobby before the ministries of Mining and Economy, days after the presentation of national policy
https://www-elmostrador-cl.translate.goog/mercados/2023/04/18/a-la-caza-del-litio-el-lobby-ante-los-ministerios-de-mineria-y-economia-a-dias-de-presentacion-de-politica-nacional/?_x_tr_sl=es&_x_tr_tl=en&_x_tr_hl=en-US&_x_tr_pto=wapp
This is a very comprehensive report definitely worth your time.
The Doctor
Who_really has_the power_over Lithium in_Chile? It ain't_Marcela
https://www-elmostrador-cl.translate.goog/noticias/sin-editar/2023/04/12/ministro-a-de-mineria-en-un-pais-minero-funcionario-de-segunda-linea/?_x_tr_sl=es&_x_tr_tl=en&_x_tr_hl=en-US&_x_tr_pto=wapp
And do read the last 2 paragraphs of this article which read as follows:
There is an expectation for a National Lithium Law. Although it is the Ministry of Mining that presides over the Lithium Commission, there are more “powerful” organizations, such as CORFO, on which the associated resources depend, since practically the most important and relevant part of the Salar de Atacama is owned by the State of Chile through the Production Development Corporation (ie CORFO), which owns 32,768 mining properties that occupy an area of 1,638 km2 (55% of the total area), which covers the most relevant and primordial part of the core of the Salar de Atacama, where the best reserves and concentrations of lithium and potassium are located. 819 km2 are leased to SQM for a term that ends on December 31, 2030, and 167 km2 are temporarily transferred to the Chilean Lithium Society, whose term expires once they have extracted lithium salts equivalent to a total of 200,000 tonnes of metallic lithium.
The Chilean Nuclear Energy Commission (CChEN), created in 1965 through Law 16.319, designated lithium as a material of nuclear interest. And article 8 of said law states that extracted lithium and derived concentrates or compounds may not be subject to any legal act unless it is executed by CChEN, with it or with its prior authorization. Thus, the Ministry of Mining is relegated to adhere, once again, to those decisions. In fact, it was expected that Codelco could develop a Chilean lithium exploitation industry due to its experience, as it said: but no, the ministry could do nothing and is simply waiting for the law that defines who will exploit lithium and how that exploitation will be carried out.
The Doctor
Russell_Barwick appears_to be_edging parasite/hanger-on Crystalballs
out of the spotlight https://www-reporteminero-cl.translate.goog/noticia/noticias/2023/04/gobierno-anunciara-este-viernes-la-politica-nacional-del-litio?_x_tr_sl=es&_x_tr_tl=en&_x_tr_hl=en which is good news for us poor shat-upon shareholders as the management quality in LPI goes up slightly.
Anti-Mining Marcela Hernando is now predicting Mommy's Boy Gabby Boric is going to pull a new NLP out of hisredasson Friday. Gabby Boric might mouth the words NLP on Friday but he still has nothing substantial to define/explain or put into structure and he definitely won't be explaining/mentioning the NLC you can bet on that especially with his lithium-pro Willy Kracht now "canceled" by the RP (Radical Party aka PR). Boric will just be blah-blah-ing more utopian wish lists and grand-sounding kumbaya smoke & mirrors hot-air over how to incorporate (ie swipe/steal) more junior lithium miners' equity which as a viable national policy is going to routinely get shot down for the next 6 months in the Republican-controlled Senate https://investorshub.advfn.com/boards/read_msg.aspx?message_id=171655128
Republic Senators will be arguing that once Chile lets these leftists/commies swipe lithium miners' equity then these conniving bloodsuckers will be coming for equity increases in the agribusiness companies, forest products companies and seafood producers next.
Nothing is going to change on Friday because Mommy's Boy Gabby Boric is still in control of nothing substantial when it comes to Lithium. Codelco is not going to risk being the "point man" doing Marcela's dirty work on expropriating adjacent privately-held lithium lands in Maricunga and risk further being sued by the TPP11 members affecting Codelco's precious copper shipments "on the open sea" that will be hit with retaliating "liens/seizures" immediately. SQM and Albemarle still have limpdick Boric over a barrel and they are going to squeeze every single ounce of piss out of him they can while the squeezing is still good and Boric is basically paralyzed inside his self-created lesbo/dyke RP full-commie ministerial brothel.
The Doctor
Leftists/commies tell_miners: Instead_of bending_you over_for 50%taxes
we've decided to bend you 2nd-class pompous capitalist interlopers over for 48% in taxes https://www.msn.com/es-us/noticias/otras/royalty-minero-hacienda-ingresa-indicaciones-con-carga-tributaria-m%C3%A1xima-de-48percent-ad-portas-de-su-votaci%C3%B3n/ar-AA19ZkWD
Anti-Mining Marcela_kicking off_her propitious_presidential campaign_Apr24
with a lavish gay-la party fully paid for by handcuffed captive-market miners & mining suppliers https://www-nuevamineria-com.translate.goog/revista/ministra-hernando-por-expomin-2023-es-una-instancia-propicia-para-atraer-inversiones/?_x_tr_sl=es&_x_tr_tl=en&_x_tr_hl=en-US
... be sure to pick up your free swag bag after showing your entrance ID at the front door... or the preferred backdoor... if you know what I mean.
The Doctor
Sigma_Lithium begins_production in_Brazil and_we're still_squatting
on ourfatasses doing absolutely nothing in this two-bit backward banana republic shithole Chile https://www.mining.com/web/sigma-lithium-begins-production-at-grota-do-cirilo-project-in-brazil/ with our grandfathered-approved fully-permitted "shovel ready" Maricunga project.
This is simply downright embarrassing now. "This" dear friends is what ozzies mean when they tell you "their project is shovel ready"... shovel ready in ozzie talk means everyone else is going to shovel as muchshiton top of you as they possibly can... ready or not.
The Doctor
Oh_thank god,_LPI execs_are still_collecting salaries_for doing_nothing
... and I mean absolutely nothing https://lithiumpowerinternational.com/wp-content/uploads/2023/04/Non-ASX-Announcement-Update-18042023.pdf
what a bunch of useless rubbish in this publication to somehow justify their upcoming request for a salary increase.
These ozzie rummies are the worst... we would be far better off if they would just STFU and let 3rd parties try to bring this project to fruition because these morons obviously have no idea how to do it.
The Doctor
Dear_Brazilian President_Lula, if_Bolivia &Russia_invade
Chile to reclaim the Red Corridor will you now also join Venezuela, Nicaragua, Cuba, Iran (and China begrudgingly wink wink) in helping them with this task to gain an overland route to ship Bolivian lithium to Russia from a new Pacific Ocean seaport under the flag of Bolivia to Vladivostok Russia? https://www.cnn.com/europe/live-news/russia-ukraine-war-news-04-17-23/h_d9daf475823e60a22b956d8f72e1d117
We will provide a copy of this post to Russianasklicking Brazilian Foreign Minister Mauro Vieira who took time out of his busy schedule today tocrapon Ukraine alongside Russian Foreign Minister Sergey Lavrov in Brasilia who is adamant Russia won't return any of the Ukrainian land it has stolen over the last 20 years. FYI, Russia is super pissed they can not safely mine any of the lithium in the Donbas of Ukraine since Ukrainian artillery can easily blow this hardrock lithium mining site back into the Stone Age as soon as Russia (ie specifically the mining division of The Wagner Group) tries to take any of the lithium ore back to Mother Russia homeland for next stage refining.
And Uncle Sam ain't happy at all about Lula's Brazil brown-nosing up to Russia today... nosiree. Ukraine war: US accuses Lula of parroting propaganda.
Dear Mommy's Boy Gabby Boric, are you absolutely sure you still want the RP (Radical Party aka PR) running your entire nascent lithium program through that moron Anti-Mining Marcela? I ask this because I got a feeling you're going to want Uncle Sam and America firmly entrenched in lithium mining within Chile real soon... otherwise you're going to be facing Bolivia, Russia, Venezuela, Nicaragua, Cuba, Iran and Brazil all alone.
The Doctor
Codelco_"not contributing_to lithium_mining until_NLP defined"
https://www-nuevamineria-com.translate.goog/revista/codelco-espera-definicion-del-gobierno-para-contribuir-con-empresa-del-litio/?_x_tr_sl=es&_x_tr_tl=en&_x_tr_hl=en-US
Máximo Pacheco is no dummy. He is not going to get sucked into Anti-Mining Marcela's latest musical chairs April 17 scam https://www-redimin-cl.translate.goog/codelco-y-enami-buscan-alianzas-con-empresas-privadas-para-explotar-litio-en-chile/?_x_tr_sl=es&_x_tr_tl=en&_x_tr_hl=en-US&_x_tr_pto=wapp claiming Top-Secret Juicy Blockbuster NDAs have been signed (which don't mean crap in Shile) to trick the REAL rich fence-sitting Whitey gringo investors to "jump the gun" before the NLP and/or NLC gets fully/properly/legally announced and sign early with her on some kind of convoluted half-cocked Codelco-Maricunga abortion lithium mining deal. This woman is pure ruthless unethical evil... avoid her like the plague.
You excitable LPI-HotCopperites like Dangero ejaculating https://hotcopper.com.au/threads/lpi-the-next-lithium-producer-in-chile.6650218/page-3113?get_post=true&direction=previous all over yourselves today need to reread some of the history surrounding Marcela's year long scam to get lithium miners/players/investors to roll over and sign early with her (through Codelco) before the NLC/NLC even gets approved by Congress https://investorshub.advfn.com/boards/read_msg.aspx?message_id=171452055
The Doctor
Codelco_holding talks,_blah blah,_no one_showing up_to "talk",_blah
blah https://www.mining.com/web/chile-moves-ahead-with-public-private-lithium-model-via-codelco/
Anti-Mining Marcela Hernando still yack yack yacking... no one believes her/it or wants to be part of her/its 2026 election plan to activate lithium mining "after" she is sworn in as the new Chilean president and all the junior lithium miners have first properly paid their remote-computing reverse-ChatGPT discovery-fee initiation-tax to the blind post office box number written on the backs of complimentary brown paper gift/swag bags to be handed out during the next leftist/commie inauguration specifically to all the wonderful (remaining) junior lithium miners in Chile.
Marcela is Lucy and we lithium miners are Charlie Brown
The Doctor
PS, I'll give odds 3 to 1 that Mommy's Boy Gabby Boric does not say even a peep about the new NLP much less the new NLC this entire month.
Some_sad news,_Willy is_no longer_on lithium_work. He's in_charge
of mining waste and waste by-products now. https://www.portalminero.com/wp/subsecretario-de-mineria-sernageomin-y-u-de-chile-lanzan-proyecto-para-monitorear-residuos-mineros-abandonados-e-inactivos/
Dear Willy, rest in peace on the trash heap(s) of history.
We knew ye' well.
The Doctor
Dear_Willy Kracht,_blink your_eyes twice_if you're_being held_hostage
against your will. Blink your eyes ten times if they are torturing you forcing you to watch their lesbo/dykey butchporno movies while they have you tied up.
The Doctor