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New calls begin for LPI regime change
https://hotcopper.com.au/threads/ann-quarterly-activities-report.7204942/page-13?post_id=65993076
Looks like more LPI-HotCopperites are getting sick of these stupidfockheads including that useless beaner Crystalballs at LPI that have been running our precious Maricunga Lithium project deeper into the crapper these past 4 years.
The Doctor
EV_Hummers... we_need more_lithium batteries...lot's more...fast
https://insideevs.com/news/644212/hummer-ev-massive-battery-pack-limits-production-gmc-vp-says/
Codelco_formula: borrow_more money from_the Jews in_NYC,
https://www-redimin-cl.translate.goog/codelco-sale-al-mercado-internacional-de-bonos-necesita-efectivo-y-financiamiento-de-proyectos-estructurales/?_x_tr_sl=es&_x_tr_tl=en&_x_tr_hl=en-US&_x_tr_pto=wapp
cook it show it as Codelco earnings on the books, move it to the plus column on the ledger, send it to Mommy's Boy Gabby Boric as profits from copper sales and then dole half of it out to all the loafers/dopers/social-rejects/scammers/freeloaders (who voted leftist in last election) as public welfare... but then where did the other half go? Well, that is the big troubling question now in this leftist//commie government... isn't it?
The Doctor
LPI_Q42022 Activity_Report is_published. LPI_drops like_a rock_7.45%
into the crapper https://app.sharelinktechnologies.com/announcement/asx/85747d78022f20ce1d0f886ec97bd5d7
and the LPI Q4 2022 Cash Flow report https://app.sharelinktechnologies.com/announcement/asx/e4743911d1f087eb5cbcaa96f34b110e
It's funny but after reading these two latest reports my butthole started twitching and puckering up in protective mode... which is usually a premonition that us poor shareholders are going to getfocked with another CR (Capital Raise) within a few weeks to artificially keep these ozzie management zeros propped-up living the rich high life (back in comfy Australia far from all the dirty smelly beaners in Chile) on our bent backs.
I see those faggot limpdick foot-dragging queers at Mitsui still after two years of screwing us around haven't made up their Pearl Harbor attacking totally over-saturated DD-fied pea-brains on whether they want to JV with us or finance us. How anyone can be so stupid to still believe these lying japanese sacksofshit is a mystery to us old timer Bearing shareholders. These ozzies are so gullible. Oh well, it looks like it is the same oldshit with these ozzie rummies again for 2023.
The Doctor
Dear_Crystalballs, we_have ONLY_one question_for you. What_was
discussed between LPI management and the super high-level German delegation (including BMW & VW) in Santiago during the private meetings on Monday & Tuesday? And please don't say you unfortunately lost all of Monday kissing Miguel Vargas' disgusting slimyass for absolutely no additional tangible/worthwhile purpose over in Copiapo after we have already "locked up" that troublesome item on the to-do checklist from 2 years ago. You've told us (numerous times) that you had "wrapped up" the public relations with the locals long ago so don't you dare bring that worn-out bullsheet up again.
What did the Germans say and want from us? And can they cough up the US$673,000,000 CAPEX financing in 2023?
The Doctor
BYD_Q4 earnings_10 times higher_than a_year ago_as sales_surge
https://cnevpost.com/2023/01/30/byd-q4-net-profit-to-be-up-to-usd-1-billion/
Dear Mommy's Boy Gabby Boric, soon you will have to get down on your knees and beg BYD to come back to thisshithole Chile.
The Doctor
86%_Chileans say_Mommy's Boy_Gabby Boric_not_fit to_govern
https://miningpress-com.translate.goog/nota/353112/boric-no-tiene-experiencia-para-gobernar-segun-86-de-los-chilenos?_x_tr_sl=es&_x_tr_tl=en&_x_tr_hl=en-US&_x_tr_pto=wapp
Dear Mommy's Boy Gabby Boric, tsk tsk, even your own mommy voted against you in this poll... so did I.
As I recall in the last poll a week before that annoying little sombrero-wearing pipsqueak Pedro Castillo got kicked out of the presidency in Peru the poll had him at about 85% disapproval rating... you better wise up fast since you are already at 86%.
The Doctor
Anti-Mining Minister_Hernando excluded/snubbed on_signing German/Chilean
Mining cooperation agreement https://www-reporteminero-cl.translate.goog/noticia/noticias/2023/01/ministerio-mineria-firma-acuerdo-cooperacion-gobierno-federal-aleman?_x_tr_sl=es&_x_tr_tl=en&_x_tr_hl=en
Willy Kracht representing the Chilean Ministry of Mining signed the cooperation agreement with Germany.
I hope Anti-Mining Minister Marcela Hernando was completely excluded from any meetings with the Germans and fully demoted back to scrubbing the public toilets in the Ministry of Mining while Willy was promoted up to takeover her job.
The Doctor
Whew,_looks like_we don't_have to_pay any more_bribes
or payoffs to the officials over in the Atacama state capital Copiapo. We dodged a bullet I think.
https://www-maray-cl.translate.goog/autoridades-conocen-detalles-de-proyecto-blanco-incitativa-que-producira-litio-en-atacama/?_x_tr_sl=es&_x_tr_tl=en&_x_tr_hl=en-US&_x_tr_pto=wapp
The Doctor
Governor_Miguel Vargas_castrated BYD_when the_Chinese
and Francisco Javier Errázuri wouldn't pay the piper more to obtain their 80,000mt LCE export licenses (ref two lithium tenders)... now he is pulling Crystalballs' strings/nuts to see what shakes out onto the floor for his slimy band of beaner and indian gougers/parasites over in Copiapo
Participamos en la presentación del Proyecto Blanco, de Minera Salar Blanco, a las autoridades regionales. La iniciativa está enfocada al litio, siendo el 1er proyecto de este tipo en Atacama, con una inversión cercana a los USD$700 millones en su 1er etapa e inicia obras en 2023 pic.twitter.com/EgsXuyqq0l
— CORPROA (@CORPROA) January 30, 2023
Autoridades regionales y comunales lideradas x el Gobernador @mvargasatacama y alcald@s @alcaldiadda @municipchanaral junto a representantes de comunidades Collas, conocen detalles de "Proyecto Blanco" el 1ro de extracción de litio aprobado que se desarrollará en Atacama. pic.twitter.com/AuXxUotqBF
— Gobierno Regional de Atacama (@goreatacama) January 30, 2023
Why_battery parts_are key_to stopping_a transatlantic trade_war
https://www.politico.eu/article/brussels-presses-washington-to-save-european-battery-industry-ira/
... and why are the top most German diplomats/businessmen in Chile through Tuesday?
Well, I think this Politico Pro article will help answer that thorny question in part for you.
The Doctor
Chancellor_Scholz's 3_Chilean_objectives: Lithium_Lithium and_Lithium
https://miningpress-com.translate.goog/nota/353124/scholz-en-argentina-y-chile-que-busca-en-su-gira-por-america-del-sur?_x_tr_sl=es&_x_tr_tl=en&_x_tr_hl=en-US&_x_tr_pto=wapp
and/or https://www-redimin-cl.translate.goog/canciller-aleman-visita-sudamerica-en-una-carrera-con-china-para-obtener-litio/?_x_tr_sl=es&_x_tr_tl=en&_x_tr_hl=en-US&_x_tr_pto=wapp
Well... I think that pretty well sums it up.
The Doctor
Repeal_the Strategic_Mineral classification_on Lithium
https://www-redimin-cl.translate.goog/la-cruzada-de-joaquin-baranao-para-acelerar-la-produccion-del-litio-en-chile/?_x_tr_sl=es&_x_tr_tl=en&_x_tr_hl=en-US&_x_tr_pto=wapp
and stop all this man made nonsense/horsesheet on limiting lithium production to just SQM & Albemarle which has primarily only lined the pockets of the fat-cat lithium mafia spawned by Augusto Pinochet's clan up until the 21st century tech-saavy leftists/commies jumped on the money/gravy-train having also figured out how to scam the system to enrich their buddies through pay-offs/slush/kickbacks/excessive-taxation/lopsided-appropriations.
Treat lithium in Chile as a regular concession-albe mineral just like copper.
The Doctor
Boric_asks Germans_to pull_CORFO rubbers_over their heads/bodies_when
looking to buy new lithium in Chile and to not take the pre-lubricated CORFO rubbers off their heads until they are on the plane flying back home to Germany... minus all the seed money they have have left behind in thisshithole for more lithium exploration, useless good-for-nothing lithium MOUs, over-priced lithium engineering for more redundant lithium studies, top-dollar political lithium consultation "fees", lithium "grease" for politicians, lithium jawboning, and lithium hot-air blown up their Germanasses by the latest mob of scamming low-life thieving "insider" lithium beaners in Chile. https://www-nuevamineria-com.translate.goog/revista/chile-y-alemania-firman-acuerdos-de-cooperacion-en-tecnologia-capacitacion-minera-y-economia-circular/?_x_tr_sl=es&_x_tr_tl=en&_x_tr_hl=en-US
The Doctor
Aclara_looking to_produce EIA_in Q2_of 2023
EIA = Environmental Impact Assessment
https://www-mch-cl.translate.goog/2023/01/30/aclara-en-comision-de-mineria-y-energia-del-senado-modulo-penco-es-clave-en-la-lucha-contra-el-cambio-climatico/?_x_tr_sl=es&_x_tr_tl=en&_x_tr_hl=en-US&_x_tr_pto=wapp#
CEO Ramón Barúa schmoozing 3 Chilean senators in person... well, it is a start.
The Doctor
Chancellor_Olaf Scholz_working to_help BMW&VW in_Chile for_Lithium
https://www.mining.com/web/scholz-visits-south-america-in-race-with-china-for-lithium/
... and you know the Germans want it bad.
The Doctor
Chancellor_Scholz signs_lithium MOU_w/Argentina. Will_Boric let_Germany
next have Chilean lithium (preferably Maricunga lithium) or will Mommy's Boy Gabby Boric cut his nose off and continue holding Chilean's lithium hostage until the newest Whitey investors/states first fully commit to funding Chile's communist welfare system to keep all his followers moochers/loafers/freeloaders/dopers/leftists/welfare-fat-mamas/dregs-of-society on the public dole and beholden to his leftist government who they will be voting for again in the 2026 election to keep their monthly freebies coming in the mailbox?
https://www.bloomberg.com/news/articles/2023-01-29/scholz-visits-south-america-in-a-race-with-china-to-get-lithium
In a related news item, Chilean Anti-Mining Minister had two condo-shaker whopper lesbo wet dreams last night dreaming how she can begin crapping (ala similar to her big Chinese BYD crapola last March) on Germany Monday & Tuesday in Santiago depriving the German delegation of lithium... unless the Germans rollover and pre-agree to a 20-year ironclad royal leftist/communista/rape-job shafting (including sliding tax schedules and ball-crushing royalties) prior to getting her permission/support to JV with a Chilean lithium miner.
Dear Chancellor Olaf Scholz, you are dealing with unadulterated slimeballs in this Chilean government this coming week... be sure to bring a clothes pin to put on your nose and wash your hands thoroughly twice after to talking to them all.
The Doctor
Dear_Germany, the_next war_w/Russia_will be_fought with Lithium-powered
electric killer aerial drones and next-generation very quiet electric-motored Leopard 3E tanks equipped with large uberfast swap-able lithium battery packs (not jet fuel or diesel).
My question for you today before the Sunday Chancellor Scholz https://investchile.gob.cl/chile-germany-investment-meeting/ meeting in Santiago Chile is... where in thefock are you crafty Germans getting the lithium for these new next generation Leopard 3E tanks and two-hour flight/loitering time aerial bomb-dropping FPV drones?
These Leopard 3E lithium batteries will surely be as big as the Tesla Semi-truck batteries we would assume https://insideevs.com/news/633133/photo-tesla-semi-battery-system/
... Ist das korrekt?
The Doctor
Dear_former BRZ_shareholder, our_investment group_all held_BLILF shares
hence we were given new "clean" LTHHF shares for the consolidation. My question is what shares (ie what ticker symbol) were you Canadian shareholders given for your BRZ shares? I still don't see a Canadian LPI registration on any Canadian exchange... unless LPI Australia is going through some convoluted "re-flagging" of the old "established" TSXV:BRZ symbol/registration converting it into a TSXV.LPI symbol/registration?
I am asking because it looks like some of the true blue BRZ Canadian guys are still sucking wind on getting their new LPI shares https://ceo.ca/BRZ
The Doctor
Dear_Crystalballs, will_you be_reporting to_us Tuesday_on the_German
meeting(s) results in Santiago?
There are many more shareholders (and prestigious institutional investors) now keenly interested in the daily "nitty gritty" runnings of LPI and it is certainly well past the prime time for management to be more straightforward plus transparent in our combined negotiations/discussions with Uber Whitey.
The Doctor
cc: Warren Buffet, BYD
cc: Elon Musk, Twitter
Germans,_Chancellor Scholz_coming to_Chile on_Sunday to_straighten
"things" out in person. https://www.msn.com/es-cl/noticias/otras/40-empresarios-europeos-dos-horas-y-en-el-edificio-t%C3%A1nica-los-detalles-del-encuentro-del-canciller-alem%C3%A1n-con-el-sector-privado-local/ar-AA16OfsB
Click here for translation
I think we all know why the "free enterprise" Germans are coming to "leftist/commie" town in person on Sunday... I mean it doesn't take a genius to figure this summit meeting out. Even a stupido beaner can figure out early today what the "close door" agenda is going to be.
The Doctor
Climber18,_The Supreme_Court (TC)_decision I_assume you are_asking
about is the case number 13228-2022 legal wrangling between Codelco and SIMCO over the question of non-handholdable lithium brine being excluded through a flimsy legalese/semantics loophole from being "possessed" by privateer miner SIMCO in their pre-1979 land purchase agreement and subsequent/associated fully-notarized fully-legal CChEN approvals. This is the classic what comes first... the chicken (non-handholdable liquid lithium) or the egg (handholdable lithium granules) argument which beaners with only a half a brain (like Anti-Mining Minister Communista Marcela Hernando) have been promulgating in favor of non-handholdable "liquid lithium belonging to all of god's communist children flowing through from top of mountain to Pacific Ocean spillways thus the lithium never truly possess-able by a single private individual (eg SIMCO) along the path" argument and now strong arm (by brutish Gabby Boric) forcing moneybags Codelco to pay the huge multi-million dollar legal fees to argue this commie existential bullsheet in Chilean courts in hopes to nullify all previous purchase agreements where privateers bought lithium-rich property prior Augusto Pinochet's law making lithium a handholdable granule Strategic Mineral and state owned unconditionally wherever the lithium granules reside/sit. And do please note that Augusto Pinochet originally enacted this Strategic Mineral law so only he and his family (including fellow fascists) could steal the lithium from Chile. Remember his son-in-law Julio Ponce was once the head of CORFO before founding SQM.
SIMCO will argue in court the microscopic handholdable lithium granules were on his Maricunga property decades before 1979 and are still on his property being slowly occasionally causally "increased" in microscopic handholdable granule volume for further legal/fair accumulation by underground rivulets from the mountains still delivering more lithium into the beautifully naturally-occurring closed reservoir that sits below his property which made the land so valuable when he originally bought it and also makes the land super valuable (eg billions and billions and billions of US dollars) now in 2023 if the government foolishly tries to take it from him by military expropriation.
We (NewCo) are not named in this lawsuit but the outcome could affect us in that if Codelco were to be given carte blanche permission to suck SIMCO's brine out by drilling on a sharp angle from their inferior property into SIMCO's property (ie SIMCO's aquifer edge) they could pump much much richer brine out for processing greatly lowering their energy input costs in the refinement stage and producing a higher grade of LCE in a shorter time than they possibly ever could "working" their own crippled crapita subpar property.
On a positive note the lawsuit will ultimately now indirectly serve as the proper preparatory work to "set the entire Chilean State" up for a huge huge hugefocking financially if the State ever tries to steal SIMCO's brine. I believe the "pass the buck" chickensheet Supreme Court (TC) judges are not going to rule in anyone's clear distinct favor but instead they will write in their decision that Codelco must "be a good boy now and negotiate in good faith" with SIMCO which could possibly lock up any lithium development work near the SIMCO/Codelco borders in Maricunga for another 3 years until a centrist, right-wing or fascist-lite president can be elected in 2026. In the meantime Codelco will not be allowed to step even one foot on SIMCO, SQM or NewCo Maricunga property I would certainly bet.
You will next find the following January 15, 2023 "opinion" below written by Marcel Mardones interesting I would think.
The Doctor
================================
Ref: http://webcache.googleusercontent.com/search?q=cache:EhGd36mCXdEJ:https://www.elmercurio.com/Legal/Noticias/Opinion/2023/01/13/911885/ceol-y-concesiones-mineras-superpuestas.aspx&hl=en&gl=us&strip=0&vwsrc=0
See Court doc 13228 - 2022
Marcel Mardones writes:
Compatibility between CEOLs and overlapping mining concessions
...The use of the public mining domain, as published goods, must be carried out in the last instance in an orderly manner and in accordance with the common or general good (and not only of the special contractor/State), since, precisely, It is a public good whose use must obtain the maximum social well-being..." Friday, January 13, 2023 at 10:00 a.m.
The use of the public mining domain, as published goods, must be carried out in an efficient and orderly manner and in accordance with the common or general good, since, precisely, it is a public good whose use must obtain the maximum social well-being. . As will be explained, when there is more than one holder of mining rights over the same area, solutions must be sought to ensure their compatibility, especially when the rights derived from such titles have a different nature and scope.
In September 2022, Codelco and Salar de Maricunga Spa (SM SpA) requested the Ministry of Mining to complement the wording of the Maricunga Special Lithium Operation Contract (CEOL Maricunga) to specify that said contract enables SM SpA to explore, exploit and benefit substances of lithium throughout the Salar de Maricunga, eliminating from the CEOL the exclusion of the areas included by mining properties constituted before 1979 or in accordance with the Mining Code of 1932 (“Pre-existing Mining Properties”), thus allowing said company to take advantage of the lithium located in any geographical area of the "Maricunga Salt Flats Area", as defined in the CEOL. To this end, SM SpA maintains that not all pre-existing mining properties grant their holder the right to use the lithium contained in them, so there would be no previous title that justifies the aforementioned exclusion.
In a previous publication in this medium, it has been argued that the aforementioned claim by SM SpA (note edit for clarification: SM SpA is a subsidiary of Codelco) "gives rise to a conflict between two incompatible rights to exploit the same lithium (...) a problem that, conceptually, follows the logic of private law and not that of expropriations (...) under two classical principles (...): the nemo dat rule (edit means: no one can give what they do not have) and the relative Title Doctrine”.
In these lines we intend to propose some additional ideas, which rest on basic principles of public law, as a legal regime to which CEOLs are primarily subject.
Nature of CEOLs
The Special Operation Contracts (CEO) constitute a legal title that authorizes third parties, private or public, to take advantage of any of the substances that are not judicially granted. It is a generic business title that arose as a way of circumventing the constitutional prohibition existing at the time (after the enactment of Law 17,450/1971) to grant concessions on hydrocarbons and that currently may also have as its object the use of substances contained in deposits in maritime waters subject to national jurisdiction, in deposits in areas of importance to national security, as well as lithium.
The General Comptroller's Office (CGR) has indicated in its opinions 26,650/1983, 73,497/2012, and 29,460/2014 that CEOs "are particular acts through which the Administration allows a third party to carry out certain activities, the President of the Republic, in use of its constitutional power, to establish in each case the requirements and conditions that such agreements must contemplate, thus regulating the essential elements for the specific situation.
Through such contracts, the State must comply with its obligation to take advantage of the substances placed under its ownership by virtue of its publication, in order to achieve its "orderly and socially beneficial use and enjoyment", and to achieve the "maximum distribution" of the well (STC Rol 1.281/08, c. 34).
Thus, CEOLs are true administrative contracts for the provision of services to the State, with or without risks for the contractor, which, as such, do not grant real administrative rights (as mining concessions do)1, but only personal rights. . This implies that the contractor's right is not opposable erga omnes, but only against its direct counterpart, that is, the State.
(Editorial clarification added here: To say that a right has erga omnes character or is 'opposable towards all' is simply a description of the scope of application of the right. For example, the right of a coastal state to enact certain legislation in relation to its Exclusive Economic Zone is opposable towards all other states.)
A clear manifestation of the foregoing is that, in the case of the oil (sic, translate to brine) CEOLs (CEOP), they sign explicitly the clause "salvo iure tertii" (ie without prejudice to third parties), which has been invoked by the CGR precisely to justify the impossibility for a CEOP affects the rights of a pre-existing mining concessionaire, thus validating the compatibility of both titles (opinion 31.047/1990).
The exclusion of pre-existing mining properties
Underlying the generic exclusion of pre-existing mining properties is, precisely, the idea of "salvo iure tertii", since it seeks to safeguard those pre-existing legal situations protected under a prior concessional ownership, and the Administration must adopt the necessary measures to not affect previously constituted rights (administrative neutrality).
With this in mind, the obvious conclusion is that the exclusion not only covers pre-existing mining properties that can extract lithium —as SM SpA maintains in its request—, but also all those others that, even without said right, allow the extraction of other substances closely related to lithium and whose use may be reduced by the expansion of CEOL Maricunga.
Towards a compatible use
However, an intermediate reading is possible that distinguishes between the concessions with the right to extract lithium and those that lack it, with a view to obtaining a better use of the published substances. It should be remembered that, from a general perspective, in our law on natural resources and energy there is a general principle of trying to regulate situations of coexistence of titles that allow the use of various substances, or the performance of activities of a different nature, aiming towards the compatibility of activities.
The foregoing is particularly true in the case of normally non-renewable resource reservoirs that behave as "liquids", that is, in which their substances move due to their physical characteristics, for which reason they are called "migratory things" or “migratory properties”2. Such is the case of oil fields and geothermal reservoirs, which are in various ways closely related to liquids. For this reason, the praxis first and the regulation later have devised mechanisms to avoid competition between the holders of exploitation rights in the same reservoir, and, on the contrary, to ensure an efficient use of the resources. Ideas, by the way, replicable to the salt flats.
Thus, it would be necessary to distinguish between the case of pre-existing mining properties with the right to extract lithium and those that lack such right.
Although in the first case there would be a total impossibility for the area of the CEOL Maricunga to overlap the area of the concession, given the personal nature of the rights of the CEOL and the opposability of the concession rights, in the second case we believe that the principle “salve iure tertii” should be read in such a way that orderly and socially beneficial use and enjoyment of all mineral substances in the area can be achieved, which may imply “coordinated” use. The foregoing, since it deals with the collision of economic activities covered by a constitutional guarantee (art. 19 No. 21 CPR), whose conflicts must try to be resolved, as a priority, through such compatibility file.
As we anticipated, the use of the public mining domain, as published assets, must ultimately be carried out in an orderly manner and in accordance with the common or general good (and not only of the special contractor/State), since, precisely, it is It is a public good whose use must obtain the maximum social well-being. Such premises are translated into the idea of an efficient and coordinated use of such substances, which, in turn, means that the rights of third parties are not affected. This reading imposes on the State the duty to require the special contractor to agree on coordination mechanisms, joint exploitation or similar, of the salt flat, in order to ensure the adequate, efficient and rational use of all the substances existing in it.
Funact,_my shares_arrived 20_minutes ago. Now we_need to_go_find
clothes pins to put on our noses to block out the stench of being newly baptized ozzies from this day forward... unless BYD jumps into the USA with both feet and is forced to next buy us (ie us in Chile with a FTA Free Trade Agreement status card with the USA) in order to "keep up"... then we will next become half Warren Buffet and half Chinese https://www.forbes.com/sites/qai/2023/01/23/could-byd-outpace-tesla-if-they-sold-in-north-america/?sh=6cfde7215d3a
The Doctor
An_update from_our Maricunga_neighbors SIMCO_in their_struggle to_mine
lithium in thiscrocksockingsheethole Chile run by these retarded leftist/commie stupido beaners until at least 2026.
https://www-terram-cl.translate.goog/2023/01/fondo-asiatico-y-grupo-errazuriz-invertiran-us-600-millones-en-salar-de-maricunga-y-adelantan-cambios-en-la-propiedad/?_x_tr_sl=es&_x_tr_tl=en&_x_tr_hl=en-US&_x_tr_pto=wapp
Translation is below
These Simbalik guys are surprisingly 100% transparent on their ambitious intent/plans (completely contrary to LPI on intent/plans)... now if only the Chilean Ministry of Mining were even half as transparent as Simbalik it would be a nice sweet new breath of fresh air over the putrid sheet we lithium junior miners have had to breathe in over the past year from this Boric regime.
The Doctor
------------------------
Translation
Simbalik, an investment group controlled by Kevin and Nico Peng, will purchase the entire SIMCO company when it starts production in 2025.
A total of US$600,000,000 is to be invested by SIMCO, a joint venture between the Asian fund Simbalik and the Errázuriz group, in the production of 22,000 tons of lithium hydroxide in the Salar de Maricunga in 2025, a plan that could fail if the Ministry of Mining agrees with Codelco and allows the state-owned copper company to be the only one to exploit the area.
The director of SIMCO and representative of the eastern group, Sebastián Yang, said that Simbalik has been exploring the area since 2009, initially with interest in potassium and lithium. In 2011 they obtained permits from the Chilean Nuclear Energy Commission (CChEN) to extract and commercialize. And in 2016 they partnered with the Errázuriz group, creating the company SIMCO.
_____"The intervention of Codelco, which is trying to disregard the multiple permits that have
_____been granted to us, is improper. And this obviously affects the legitimate confidence of
_____foreign investors."
To date, SIMCO has between the Salar de Maricunga and surrounding areas, about 11,000 hectares, of which 3,000 hectares are within the Salar. "We intend to produce about 22,000 tons per year of battery grade lithium hydroxide, which are environmentally approved as permitted by the CChEN," Yang said. They (ie SIMCO) have already invested tens of millions of dollars in the pilot plant which is already producing he added. "The results have been very positive, both environmentally and in terms of efficiency. The next step is detailed engineering," he revealed.
With an average price of US$60,000 per ton, such lithium production would be worth US$1,452,000,000 per year at today’s figures.
SIMCO began technical tests in 2018 to find the best technology to extract lithium. Advised by the Japanese technology transfer organization JOGMEC, a world pioneer in the development of the first lithium batteries, they found the most suitable process from an economic and environmental point of view, since it allows them to extract 99% of the lithium contained in the brine, re-inject the water used in the process and thus not affect the aquifer of the Salar, explained Sebastián Yang.
"The traditional technology used by SQM only extracts 40% of the lithium and the rest ends up being dumped in salt discard tailings, with a severe environmental impact," emphasized the executive.
Simbalik Group is an investment fund based in Singapore and controlled by Kevin and Nico Peng, both from Taiwan. Yang said that when the production phase begins, the Asian fund will increase its shareholding in SIMCO. Currently, 55% is owned by the fund and the remaining 55% by the Errazuriz Group.
The dispute with Codelco
Last year, Codelco sent a request to the Ministry of Mining to consolidate its position as the sole producer in the Maricunga salt flat. This Tuesday, the executive president of the state-owned company, Máximo Pacheco, assured that "we are very optimistic about Codelco's position in Maricunga", where they will invest US$ 23 million this year.
In this regard, Sebastián Yang pointed out that "the intervention of Codelco, which is trying to disregard the multiple permits that have been granted, is inappropriate. And this obviously affects the legitimate confidence of foreign investors who have believed in Chile's seriousness, as well as the time and money invested here".
The executive considered that "there are political reasons" in Codelco's request, "either with Empresa Nacional del Litio (edit NLC) or with Codelco".
"We are prepared, with the best lawyers in the world, to defend our rights in case of conflict and under the protection of international treaties in force," he said, regarding the option of resorting to the International Centre for Settlement of Investment Disputes (ICSID).
"We and the foreign investors are in small part waiting for what is going to happen with that, but in the meantime we continue to move forward with our project, with the goal of producing in 2025," Sebastian Yang emphasized.
However, he admitted that "we are a little confused and our investors are a little nervous, seeing what is happening. The truth is that if Chile continues as it is, it is going to lose its leadership in lithium production to Argentina," he said.
He specified that "we are not against the Empresa Nacional del Litio (edit NLC National Lithium Company) nor are we against Codelco producing lithium, that is not a problem for us, as long as our rights, our concession, and our permits are respected", said Yang. He emphasized that "we are open to a partnership with the State".
Atacama Salt Flat
Simbalik's interest is not limited to Maricunga. "Our investors are ready and interested to participate in other future bids, such as the renewal of the CORFO contract in the Salar de Atacama (which expires in 2030 and is currently held by SQM)."
The representative of the Asian group expressed his concern regarding "a closed-door negotiation to extend this contract". He assured that "we believe that Chile is not destined to negotiate only with one company. I believe that there are more transparent, more profitable ways for Chile, because, well, there are studies that say that let's say only with the right to a key to enter the Salar de Atacama it could be US$ 9 billion".
Eduardo_Hochschild's attempt_to resurrect_share price_over last few_days
with a pitiful 142,000 overpriced shares pretty much falls flat on its face https://www.americanbankingnews.com/2023/01/25/eduardo-hochschild-acquires-142000-shares-of-aclara-resources-tseara-to-stock.html
Dear Eduardo, you need to get all the beaners living in their hovels around the Penco project to sign a petition inviting you to mine the Penco Module... that is the way things work in thisshithole banana republic Chile... and remember to bring an extra fat wallet (or two or three) as you drive that petition around in your US$150,000 air-conditioned deluxe SUV for signatures.
The Doctor
Anti-Mining Marcela_Hernando beating_dead horse Ventanas_Smelter
again... and again... for the 26th time since she took over as Mining Minister https://www-nuevamineria-com.translate.goog/revista/sala-del-senado-aprobo-por-unanimidad-proyecto-que-viabiliza-el-cese-de-fundicion-ventanas/?_x_tr_sl=es&_x_tr_tl=en&_x_tr_hl=en-US
Marcela is like a vicious annoying little yappy poodle dog you want to put out of her misery but she is biting your pant leg to shreds nonstop all the while hoping easily duped voters in the next presidential election watching the 6PM News on TV tonight will think her a suitable "more communista" presidential candidate to run against Mommy's Boy Gabby Boric in 2026.
The Doctor
Codelco_updates Annual_Health Report... oops,_US$5B in cost_overruns
https://www-reporteminero-cl.translate.goog/noticia/noticias/2023/01/codelco-cifra-5-mil-millones-dolares-sobrecosto-proyectos-estructurales?_x_tr_sl=es&_x_tr_tl=en&_x_tr_hl=en
and/or
https://www-nuevamineria-com.translate.goog/revista/codelco-cifra-en-cerca-de-us-5-000-millones-sobrecosto-de-proyectos-estructurales/?_x_tr_sl=es&_x_tr_tl=en&_x_tr_hl=en-US
The Doctor
Codelco_says "we've_shot our_wad"... Maricunga_lithium is_our salvation
Máximo Pacheco, Chairman of the Board of Codelco says "because the Codelco of the last 50 years has already run out, the model has run out and the resources have run out, because they are non-renewable," he stated Tuesday https://www-redimin-cl.translate.goog/codelco-admite-que-litio-es-uno-de-sus-nuevos-desafios-y-aborda-estancamiento-en-produccion-de-cobre/?_x_tr_sl=es&_x_tr_tl=en&_x_tr_hl=en-US&_x_tr_pto=wapp
Codelco has spent (ie will spend) a measly laughable US$23,000,000 on their piece of crippled crapita property in Maricunga to "gin it up" in stature/importance/significance in order to hopefully hoodwink congressional "share everybody else's wealth" leftist/commies in Chile think they quickly (ie 2x more quickly) need to steal NewCo's (or LPI's or whatever our new name is) neighboring salar (ie the primo mother lode) in Maricunga.
Dear Máximo Pacheco, congratulations, you have finally woken up to the importance of Maricunga lithium... lemme' guess what woke you up today? I am betting Elon Musk called you this morning on your private phone line and says he needs more lithium and needs it fast for his US$3,600,000,000 manufacturing plant expansion in Nevada https://www.reuters.com/markets/deals/tesla-invest-over-36-bln-nevada-build-two-new-factories-2023-01-24/
The Doctor
PS, Dear Máximo, and just FWIW, you should remember that LPI screwed us Bearing shareholders out of our LPI shares so you can probably bet these disgruntled shareholders will be filing a big fat juicy lien on the Maricunga property which you will be facing when you come for the land deed knocking on our front gate near the construction Port-O-Let toilets on our site which are the only remaining recognizable (ie "recognizable" to beaners) structures now on our site.
Dear_LPI, we_could have_been on_your side_helping you if_you
hadnotfockedus Bearing shareholders on our rightful share exchange, but you chose this path... not us.
The Doctor
Bolivia_Chinese CATL wants_to build_2 DLE_plants doing_25,000mt/yr
https://cen.acs.org/energy/energy-storage-/Bolivia-picks-Chinese-firms-1-billion-lithium-project/101/web/2023/01
The Doctor
PS, earlier today the Chinese said in a news conference that those slimy backstabbing ripoff ozzies at IPL Australia should have theirballscrushed in one of their newest Chinese high speed DLE machines for screwing all the Bearing shareholders out of their shares in the recent Maricunga consolidationclusterfocking.
LPI_publishes a_NO update_on whenfockedover Bearing_shareholders
can rightfully obtain their deliberately delayed LPI shares in exchange which were due to be in hand over three weeks ago.
https://app.sharelinktechnologies.com/announcement/asx/7719a6be1256769d5cd652d58589d21d
The Doctor
Dear_Elon Musk,_can you_next bore_a tunnel from_Maricunga
into Argentina? https://www.bbc.com/news/av/world-us-canada-64377359
We will split the project up 45/55, with you getting a whopping 45% of all the lithium (at no charge) that you (ie "we") can move underground out ofthisshitholebanana republic Chile.
If you can build the tunnel to pop up right next to our Uncle Posco's new lithium refinery plant in Argentina then you can have 50% of the total lithium haul.
If you are interested then let us know and our people will then send the paperwork to your people.
The Doctor
PS, some of us Bearing shareholders are filing a lien on the project so there will a slight complication on contract signing day, but we will be willing to "stipulate" our signature on the deal subject to final resolution of the consolidation shares plus interest owed to us by LPI. As you know, this recent consolidation with a normal legitimate sober non-scamming competent Whitey business should have taken a week to consummate but we are now entering week 6 and there is no resolution in sight just yet.
We're losing_BYD to_Argentina. Dear_Leftist Commie_Gabby Boric, are_you
happy now?
https://miningpress-com.translate.goog/nota/353007/con-el-byd-jujuy-busca-avanzar-en-el-litio?_x_tr_sl=es&_x_tr_tl=en&_x_tr_hl=en-US&_x_tr_pto=wapp
You are afockingwalking disaster even though you have put a muzzle on that nitwit anti-mining minister Marcela Hernando and curbed her from front end loading all her lesbian/dyke team members on unnecessary "pissing money away" make-work mining jobs for the last 30 days... the wrecking damage from you and her over the excruciating last year to the lithium industry in Chile is already done. More lithium battery makers and EV makers are going to choose Argentina over Chile. And the worst is still to come.
The Doctor
Piss_on Bearing_shareholders. If_they want_LPI shares then_let them_buy
new shares like everyone else... ha-ha-ha, straight from Sydney, New South Wales, Australia, 2000
Has anyone else here gotten this startling cold-shoulder unwritten but implied message from the ozzie thieves at LPI who swiped our Bearing shares and now want to send us on an unguided wild-goose-chase phone-tagging run-around snipe-hunt looking for mysterious unknown wispy shadowy 3rd party middlemen "stock transfer agents" for the next 2 years freezing our ability to sell our inherited LPI .70 shares and get out of this mess (ala same as the slippery insiders in Germany this past week) and thereby keeping the LPI share price artificially "propped up" for their greedy ends?
The Doctor
PS, if this is the way LPI treats and welcomes Bearing shareholders into the LPI fold (possibly for the next 2.5 years until the next presidential election in Chile) then imagine how they will be treating new gullible LPI shareholders buying shares in February only to find out the company needs a huge diluting CR in March to simply continue existing past August after paying out the summer bonuses/overhead/new-slushy-consultants-fees to get "re-established" in Chile... and Western Australia whateverthefock that is?
New LPI motto: Let's just keepfocking Bearing shareholders ignoring
their plea to transfer to them their already paid-for new LPI shares. Those peon Bearing shareholders don't need their money/shares (especially money/shares to use as collateral in any margin accounts they have with their brokers to buy other lithium miners on credit) and while we (ie "we" ozzie old LPI shareholders) mechanically hold this 17% block of the total shares "hostage" happily keeping these "brand new" shares from being sold we are artificially inflating our share price in Australia to the high(er) side as we then can quietly secretly sell off our old shares in this pig for a few pennies profit to the new wave of gullible newbies.
Andrew_Phillips has_no problem_hijacking our Bearing_website before
actually paying for it in full
https://www.bearinglithium.com/corporate/
https://www.bearinglithium.com/financial-statements/
but for him or his useless toothy beaner lackey to give us Bearing shareholders one single tiny update on where in the hell our LPI shares are is apparently now even more difficult than Germany signing off on shipping Leopard 2 tanks to Ukraine.
This is the ultimate insult to us shafted Bearing shareholders.
The Doctor
LPI_continuing toscrew Bearing_shareholders out_of paid-for LPI_shares
Aclara's_Ramón Barúa_goes on_new charm_offensive in_Chile to_convince
leftists/commies/naysayers/Penco-homeowners/politicians to support future new project in Penco Module
https://www.portalminero.com/wp/aclara-detalla-su-nuevo-proyecto-chile-tiene-una-oportunidad-unica-de-liderar-la-produccion-limpia-de-tierras-raras-en-el-mundo/
We are certainly impressed by Ramón Barúa's new efforts but we would like to see some reassuring endorsements for the project from these leftists/commies/naysayers/Penco-homeowners/politicians now. President Gabriel Boric's juvenile leftist effeminate government has been cutting the balls off every junior miner in Chile for the past year and we investors need to see some tangible proof that the same won't happen to Aclara next.
The Doctor
LPI,_you've_onefocking job now, get Bearing_shareholders their LPI shares
... and ONLY onefocking job.
The Doctor
Do_you remember_Sorcia Minerals_our Maricunga_competition?
https://batteriesnews.com/sorcia-minerals-lithium-salar-maricunga-chile/
Well it appears that Sorcia Minerals is now preparing to spend US$200,000,000 on building a new shiny lithium hydroxide conversion plant in France, which would start operating in 2026 https://www.portalminero.com/wp/daniel-layton-ceo-de-ensorcia-group-chile-es-un-gigante-dormido-del-litio-que-necesita-despertar/ note: we (ie NewCo or LPI or whatever we're called now) don't have a lithium hydroxide plant or even a lithium chloride carbonate plant.
So now you may be asking yourself, but how can our neighbor Chilean junior lithium miner Sorcia (probably partnering with SIMCO) mine lithium chloride skipping evaporation pools in Chile, package it up neatly in Chile, send it to France for further "concentration" into high-priced premium lithium hydroxide and final sale in Europe after out-maneuvering SQM & Albemarle (both from the Dark Side) while LPI can't even get off the toilet to mine anything much less wipe itsownass? Well Bunky, the answer is competent/dynamic/innovative management... Sorcia has competent/dynamic/innovative management and LPI does not have competent/dynamic/innovative management.
The Doctor