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Every_mention of_lithium stripped_out of_new proposed_royalty bill
https://www-reporteminero-cl.translate.goog/noticia/noticias/2023/04/hay-acuerdo-comision-de-hacienda-del-senado-aprueba-por-unanimidad-proyecto-royalty-minero?_x_tr_sl=es&_x_tr_tl=en&_x_tr_hl=en
If this now "free standing" lame crippled abortion new leftist/commie-inspired mining Royalty Tax bill actually gets through congress and approved into law... I will eat my hat.
The Doctor
Marcela:_"We are_not nationalizing,_what we_want to_do is an_industry"
https://vnexplorer-net.translate.goog/ministra-hernando-sobre-litio-no-estamos-nacionalizando-lo-que-queremos-hacer-es-una-industria-s1768990.html?_x_tr_sl=es&_x_tr_tl=en&_x_tr_hl=en-US&_x_tr_pto=wapp&_x_tr_hist=true plus all these fock-ups and delays from this disastrous past year are not my fault. These fock-ups and delays in getting lithium mining restored in Chile are the fault of other people (eg like Sebastian Pinera)... it is not me behind these fock-ups and delays (wink wink) so the whole lithium mess/clusterfocking can be straightened out later in 2026 if I am elected president so I can personally suck up all the fabulous glory and the financial gravy for my lesbo/dyke girlfriends/teammates.
Most think what Marcela really wanted to say was "We are_not nationalizing Lithium,_what we_want to_do is an_industry... after we botfock the hell out of all the private lithium miners, steal 51%plus of their companies (plus their equity) and turn every single one of them into our personal beee-atches"... that's what she really wanted to say.
Reporting Live from Chile:
Bloonberg Reporter Karen Rodriquez: Senora Marcela... err or Senor Marcela, which do you prefer to be called?
Marcela: I prefer to be called Your Excellency Senor Marcela.
Bloonberg Reporter Karen Rodriquez: Can you tell tell us what has happened to Dr Willy Kracht who was once leading the National Lithium Policy development for the Mommy's Boy Gabby Boric's administration? And who was demoted to leading the god awful job of consolidating mining waste recovery for a month up until you took that job over also last Wednesday?
Marcela: Willy is Poof. Gone.
Bloonberg Reporter Karen Rodriquez: Willy is Poof? Gone?
Marcela: Si. Willy is Poof. Gone.
Now_what? WTF_is the_"Structural" income_of Lithium?
The Treasury will consider an average price over 4 to 5 mobile years to set the "structural" income from lithium
https://vnexplorer-net.translate.goog/hacienda-considerara-precio-promedio-de-4-a-5-anos-moviles-para-fijar-los-ingresos-estructurales-provenientes-del-litio-s1751581.html?_x_tr_sl=es&_x_tr_tl=en&_x_tr_hl=en-US&_x_tr_pto=wapp&_x_tr_hist=true see 2nd to last paragraph where it looks like this slimy/shifty/conniving leftist/commie regime now wants to set the "structural" income at a base of $40,000/mt for LCE (most assuredly at 99% purity you can bet yourass). For example, if LCE sells at $55,000/mt then $40,000 to the lithium miner and $15,000/mt to the government "off the top"... if LCE sells at $100,000/mt then $40,000/mt to the lithium miner and $60,000/mt to the government.
Note: this new "structural" income standard is currently being formulated/concocted by non-elected leftist/commie bureaucrats. It is not being formulated by the elected representatives in Parliament.
"Structural" income appears to be the precursor to a subsistence base income (price/mt) lithium miners are paid for every metric tonne of lithium they harvest for the government who will resell that metric tonne on the open free market at market pricing. Argentina (under IMF supervision/deception) has the same idea for their captive lithium miners only they call it the "witness" price as fully explained/exposed here https://investorshub.advfn.com/boards/read_msg.aspx?message_id=171773995
Remember the New Rule:
Do not get into bed with the IMF.
But if do get into bed with IMF, do not let them touch your lithium.
Ditto for commies.
The Doctor
Dear_Dr Willy_Kracht, it's_time to_Resign from_the Ministry_of Mining
Your prison sentence of having to humiliatingly serve under this unqualified no-engineering-degree ultra-commie halfwit belittling Marcela Hernando has finally come to an end.
You are a learned and respected member of the University highest post-graduate-level Academia with credentials easily in the top 5 civil engineers within Chile and it is time to regain your respect, your dignity and your manhood after this awful unceremonious complete "cancelling out" from the NLP forum and subsequent discussions/refinements by the devious backstabbing RP (Radical Party aka PR) headed within your office building by Marcela Hernando.
You did the best you could to serve this government but it is time to save your reputation, your honor and your future chances to serve any of the next governments to come after Boric's 2026 defeat. It is foolish to continue riding this sinking ship down and injuring your own credibility and stature in the mining industry.
Back in the vaulted halls of University you can once again teach the younger generations of Chileans to learn how to manage and optimize this country's mineral resources with honesty and integrity until you are called to serve your country again... this next time honorably. Good luck.
The Doctor
And_if you're_in the_mood to_watch another_LPI BS video_then
here is one from a year ago saying the samefockingoldcrap as the new April 24 video
https://hotcopper.com.au/threads/webinar-24th-april-recording-link.7348524/page-7?post_id=67464913
The Doctor
LPI_April 24_Webinar video...sadly nothing_new
Click here
but to be fair we will publish the new repaired URL link here on iHub if you want to listen to this redundant ear-stuffing that you have heard umpteen times already.
I am now in favor of firing everyone in our LPI management since we will never be a "high-staff" miner and paying all these extra people to do nothing is a complete waste of money especially those 2 useless stiffs leading off the webinar from their comfy air-conditioned clean catered office in Australia (not from Chile where they focking belong now). All we need in this operation is Martin Borda and Russell Barwick... everyone else is expendable and an unnecessary drain on our budget.
The Doctor
Marcela_on Lithium_miners:_No company has_the experience_WE need
https://www-24horas-cl.translate.goog/actualidad/politica/ministra-de-mineria-hernando-estrategia-nacional-litio?_x_tr_sl=es&_x_tr_tl=en&_x_tr_hl=en-US&_x_tr_pto=wapp
...and coincidentally they won't have the correct experience until I am elected President in 2026 when we finally get rid of that squirrely wishy-washy limpdick Mommy's Boy Gabby Boric and I can then have all the glory and the gravy (wink wink especially for myself) that we commies have achieved in lithium miner exploitation. Fock lithium miner exploration... lithium miner exploration is peanuts. Lithium miner exploitation is where the big money is at hubba-hubba.
Albemarle_and CORFO. _A Tale_of Two_Cities...or Two_Realities
Lithium: CORFO meets with Albemarle and the company affirms that its expansion plans are "totally in tune" with the government's strategy (ie NLP).
https://www-latercera-com.translate.goog/pulso/noticia/politica-nacional-del-litio-corfo-se-reune-con-albermale-para-detallar-estrategia/2YVQ7TFGING7RL6HXFLVVVFFQU/?_x_tr_sl=es&_x_tr_tl=en&_x_tr_hl=en-US&_x_tr_pto=wapp
What came out of Albemarle's mouth: Yes, we're groovy and "totally in tune" with CORFO.
What was ecstatically bouncing around in Albemarle's head: Fock CORFO, these commies will get their_asses beat to a pulp in 2026 by the voters and everything will go back nicely to the way old man Pinochet originally preset it up for us.
The Doctor
Chile_needs 15yrs_to be_competitive on manufacturing_batteries
says University of Chile Energy Center https://www-ex--ante-cl.translate.goog/las-dudas-sobre-el-objetivo-del-gobierno-de-que-chile-fabrique-baterias-de-litio-estacionarias/?_x_tr_sl=es&_x_tr_tl=en&_x_tr_hl=en-US&_x_tr_pto=wapp
Ohhhh noooooo, the "steal-from-the-rich-to-give-it-to-the-poor-and-commie-apparatchiks" supporting Marcela Hernando's presidential run in 2026 wanted to tell Chileans during the Marcela's 2025 campaigning that this process to ramp-up on making batteries "in house" inside Chile would only take 12-16 months max.
OMG, what will Marcela tell all her leftist/commie lesbo/dyke/butch followers to say now instead?
The Doctor
Holy_Smokes! New_champion Juan_Carlos Jobet_comes out_swinging hard
against this leftist/commie half-baked thieving clusterfocked NLP mess. We love it and we love Juan Carlos Jobet!
https://www-ex--ante-cl.translate.goog/juan-carlos-jobet-incorporacion-privados-estrategia-nacional-litio-codelco/?_x_tr_sl=es&_x_tr_tl=en&_x_tr_hl=en-US&_x_tr_pto=wapp
First off, I strongly strongly applaud Juan Carlos Jobet for officially objecting to Willy Kracht being forcefully pushed out of the entire original National Lithium Policy (NLP) formulation and current post-op talks by the "pushing" clawing Pro-NLPers which most certainly include the leftists/commies weasels plus head-weasel Marcela Hernando. See Question & Answer #1 in Ex-Ante article. Also see top slimy communist Senator Nunez's tweet where he uses a cheap-shot below-the-belt attack accusing Willy Kracht of being Pinera's puppet saying regarding bidding in Lithium (ie Tenders): "We are very surprised by what the Mining Undersecretary Willy Kracht has said, who actually seems to be Sebastián Piñera's and not Gabriel Boric's Undersecretary".
This entire article by Juan Carlos Jobet is exceptionally well-structured, truly informative, truth-hitting and supporting our tenuous LPI position well in Maricunga especially for Stage 2. But, I really like/appreciate the last Q&A which cuts right through all the Pacheco/Bitrans' and head-weasel Marcela Hernando's Codelco impossible BS perfectly like a hot knife through butter.
Q. What do you think about Codelco getting involved?
A. Involving state companies as a counterpart to private companies is a mistake, it is not necessary. The model we have in the salt flat could be perfectly applied from CORFO. Codelco has an investment plan of 40 billion dollars, which will be very challenging to execute, it has very high levels of debt, its engineering teams are extremely demanding. Bringing Codelco's efforts to lithium seems highly debatable to me. And in the case of ENAMI it doesn't make any sense. It is a company that barely manages its business, that has serious financial problems, and has no capacity to enter this market. Nor is there a need for a new Lithium Institute.
The Doctor
Argentina_has fallen_headlong into_IMF trap_on lithium_"witness" price
Last May 2022 Argentina enacted General Resolution 5197/2022 which set the National collective "witness" (Base) price on exported lithium at $53/kg or $53,000 per metric tonne https://miningpress-com.translate.goog/nota/347687/argentina-fijo-precios-testigo-para-el-litio-la-resolucion?_x_tr_sl=es&_x_tr_tl=en&_x_tr_hl=en-US&_x_tr_pto=wapp thereby setting up a situation condoned/endorsed by Lender-of-last-resort & financial-architect IMF to pay lithium miners a set price of $53,000/mt at the comfy air-conditioned free-coffee government toll house FOB scales through the good times and the bad times. The difference between the witness (base) price of $53,000/mt and the market price which at the time was north of $66,000/mt would go to the Argentinian State and be used in large part to specifically and simply pay down the huge huge IMF debt that Argentinian owes the IMF in exchange for even more easy-money billion-dollar IMF loans in the later part of 2022 and early 2023... so far. We discussed this situation on June 1, 2023 https://investorshub.advfn.com/boards/read_msg.aspx?message_id=169026066 and postulated that sunlight-hating Argentinian banking intermediaries could use a form of timing-sensitive arbitrage between the Argentinian Treasurer and the IMF Bankers to "peel" off a little more "nobody-will-miss-it" profit for Argentinian middle-men/con-artist-bureaucrats/self-enriching-politicians if the "regulators" overseeing the whole "witness" base (and the intermediaries processing the) "difference" were being bribed to be not as diligent as they would normally be in an ideal non-greedy/non-thieving world.
This plan could have worked moderately successful if Argentina could simply control is runaway inflation.
Argentina's inflation has been rising this past week to new eye-popping levels with a 7% increase just on Tuesday creating a 118.5% exchange rate distortion with the US dollar based currency.
Ding, ding, ding, ding.
Argentina seeks to renegotiate with the IMF amid growing exchange rate tension
https://www-infobae-com.translate.goog/america/agencias/2023/04/25/argentina-busca-renegociar-con-el-fmi-en-medio-de-una-creciente-tension-cambiaria/?_x_tr_sl=es&_x_tr_tl=en&_x_tr_hl=en-US&_x_tr_pto=wapp
You can bet your house and your car that the IMF is going to demand that the "witness" (base) price on a tonne of lithium is going to be "re-pegged" from $53,000/mt downward to something closer to $40,000/mt or lower now.
... and who will suffer first you ask?
The lithium miners in Argentina first obviously.
New Rule, as Bill Maher says,
Do not get into bed with the IMF.
But if do get into bed with IMF, do not let them touch your lithium.
The Doctor
I've_pissed all_my money_away on_Twitter. Please_mine more_lithium for_me
https://www.costar.com/article/541901314/elon-musk-pleads-for-companies-to-mine-more-lithium
Dear Elon, you really do need to get a better grip on your little pee-pee.
But how much for a hot fuchsia pink colored tick mark by my Twitter name?
The Doctor
Hmm,_TheGekko is_also thinking_Mitsui might_call 50%_from Japan's_Gov't
to inject into LPI as their $673M CAPEX "contribution/equity" https://hotcopper.com.au/threads/ann-the-new-chilean-national-lithium-policy.7344397/page-71?post_id=67444859
It's interesting how we all start to think along similar lines as we get older https://investorshub.advfn.com/boards/read_msg.aspx?message_id=171763118
The Doctor
Nicolas_Grau wants_to kick_SQM's balls_also. But_what's_this? SQM_owns
the Atacama site water rights outright 100%, see 3rd paragraph from end https://www-redimin-cl.translate.goog/la-clausula-clave-que-marcara-la-negociacion-entre-sqm-y-codelco-por-el-salar-de-atacama/?_x_tr_sl=es&_x_tr_tl=en&_x_tr_hl=en-US&_x_tr_pto=wapp
Dear Nicky, if SQM ties these water rights up in court litigation for 3 or 4 years on the possibly the SQM/CORFO lease goes kaput in 2030 and there is a full-blown knock-down legal fight over the fresh/potable water rights... well, you better buy yourself some real comfy knee pads because you (or your successor) is going to be on your knees begging for mercy in front of Mr SQM for a long time facing Mr SQM at crotch level... or maybe facing away 180 degrees booty up high depending how nasty you want to get.
The Doctor
PS, Dear Julio Ponce, if I was you I would make Nicky Grau suck my
I've_met my_Doppler, Sebastián_Edwards. He_also thinks_Boric is a_child
https://www-ex--ante-cl.translate.goog/sebastian-edwards-y-propuesta-de-boric-sobre-el-litio-el-querer-controlar-de-entrada-el-51-es-una-especie-de-nineria/?_x_tr_sl=es&_x_tr_tl=en&_x_tr_hl=en-US&_x_tr_pto=wapp
Wow, this is really freaky... reading Sebastián Edwards today is like looking in a mirror.
Orrrrr, am I really Sebastián Edwards using 'The Doctor' alias as my comme mon identité secrète?
The Doctor
Tough_guy CORFO_says we_can take_over SQM's_salar work_in 2031
if SQM does not rollover, beg to drink our piss and then kiss the very ground we CORFO masters walk-on.
We at CORFO can easily issue a new tender to bring in someone new in 2031 https://www-emol-com.translate.goog/noticias/Economia/2023/04/25/1093209/corfo-confianza-privados-litio.html?_x_tr_sl=es&_x_tr_tl=en&_x_tr_hl=en-US&_x_tr_pto=wapp see last paragraph
Dear José Miguel Benavente, you had better pray to god that another leftist/commie wins the presidential election in 2026... otherwise you will be history.
The Doctor
Chilean_Mining Chamber_is thumbs_down on_National Lithium_COMPANY
https://www-reporteminero-cl.translate.goog/noticia/noticias/2023/04/camara-minera-de-chile-observa-con-preocupacion-la-politica-nacional-del-litio?_x_tr_sl=es&_x_tr_tl=en&_x_tr_hl=en as any red-blooded common sense thinking person with more than half a brain should be.
And as we have seen many times before... as goes the Chilean Mining Chamber so also goes the Lower Chamber of Deputies in most cases.
the Doctor
Government_mining tax_cap demand_drops from50% to48% to47% to45.5%
https://www-nuevamineria-com.translate.goog/revista/royalty-gobierno-presenta-indicaciones-con-tasa-limite-entre-455-y-47/?_x_tr_sl=es&_x_tr_tl=en&_x_tr_hl=en-US
Just 3 more points drop to get to the magic existing 42.5% rate and that is probably going to fly... again.
The Doctor
Hear_ye, hear_ye, my_servant Codelco,_CORFO says_go talk to_SQM
https://www.portalminero.com/wp/corfo-y-sqm-sostienen-reunion-para-abordar-estrategia-nacional-del-litio/
Codelco: yes my Liege CORFO
CORFO: Hear ye, hear ye, my servant Codelco, CORFO says walk around this room 10 times while chewing bubblegum fast and loudly blowing a new bubble every 6th footstep.
Codelco: yes my Liege CORFO
CORFO: Hear ye, hear ye, my servant Codelco, CORFO says tap your head up and down with your right hand and with your left hand rub your tummy in a circular motion.
Codelco: yes my Liege CORFO
CORFO: Hear ye, hear ye, my servant Codelco, CORFO says everyone knows you are focking broke and SQM needs US$2,000,000,000 to keep going in Atacama under this new NLP plan so keep your big mouth shut about giving SQM the US$2B or any money from the State because we're broke also.
Codelco: yes my Liege CORFO
CORFO: Hear ye, hear ye, my servant Codelco, CORFO says when negotiating with SQM make much noise for the newspapers (and the 6PM TV News), stomp your feet demonstrating your haste to make a new deal, praise Der Fuhrer Boric, and continually report a new deal is just days away once per month for the next 7 years.
Codelco: yes my Liege CORFO
APRIMIN:_WTF? This_NLP dog_has got_no hind_legs...no wiener, no_balls
APRIMIN and the National Lithium Policy (NLP): "Something is missing"
https://www.portalminero.com/wp/aprimin-y-la-estrategia-nacional-del-litio-algo-falta/
Dear APRIMIN, what is missing is any money (aka "skin in the game") from the State who wants to be a high-flying big shot in the Lithium business for no entry fee... no one in the international Whitey/gringo pool of investors in their right mind is going to go along with this stupid amateur idealistic beaner's (ie Boric's) nonsense.
The Doctor
Mario_Marcel trying_his damnedest_to straighten_out Boric's foot-in-mouth
half-baked beaner-brain clusterfock NLP https://www-ex--ante-cl.translate.goog/el-papel-de-marcel-para-salir-a-aclarar-el-anuncio-presidencial-de-la-nueva-estrategia-del-litio/?_x_tr_sl=es&_x_tr_tl=en&_x_tr_hl=en-US&_x_tr_pto=wapp and remarkably he is doing fairly well at it.
We now know that the State is open to having less than 50% control in a mining company under the new NLP which is good for us.
After last Thursday night's NLP speech Mommy's Boy Gabby Boric was quickly horse branded as an "estatista” which translates into English as a "statist" which is someone who believes in the principle or policy of concentrating extensive economic, political, and related controls in the state at the cost of individual liberty. Mario Marcel and Nicolas Grau are "untangling" that albatross moniker from Boric during their last two video interviews because such a position (or label) will be the kiss of death for Boric. In this Ex-Ante article Mario is a silver tongue on "re-building" Boric's NLP message.
It's like I said before... we need to watch Mario Marcel's every little deft move from now on.
The Doctor
Billionaire_Friedland: Chile’s_new lithium_plan to_scare off_investors
https://www.mining.com/web/chiles-new-lithium-plan-to-scare-off-investors-friedland-says/
Expomin2023 unofficially_kicks off_Marcila's run_for presidente2026.
Mommy's Boy Gabby Boric is at Expomin 2023 flogging Marcila's new NLP beaner/clusterfock https://www-nuevamineria-com.translate.goog/revista/con-anuncios-en-materia-del-litio-y-royalty-minero-presidente-boric-inaugura-expomin-2023/?_x_tr_sl=es&_x_tr_tl=en&_x_tr_hl=en-US in return for promises from her leftist/commie/ultra-communist officials to vote yes on Boric's next three pieces of legislation to be presented to the Parliament regardless of what nonsense they say.
If any of you Expomin attendees out there want to make a secret campaign donation to Marcila's campaign slush fund (for her presidential run) then leave a note here and we will send to you the secret location of the unmarked drop-box somewhere discreetly located on the Expomin campgrounds in the shadows. All bribes/payoffs/kickbacks/legal-straight-forward-donations will be enthusiastically welcomed. And, if you are hesitant to leave your name on the cash... then just rip a US$100 bill in half randomly, you keep half and put the other half on top of your major cash donation in the unmarked "donation box". When you need a favor... just bring in your half of the hundred dollar bill and call your favor in... Capish?
The Doctor
UNCLE!_UNCLE!_Mario says_OK we_will consider_51% for_Privateers
https://www-nuevamineria-com.translate.goog/revista/hacienda-se-abre-a-que-privados-lideren-proyectos-de-litio-sin-ser-mayoritarios/?_x_tr_sl=es&_x_tr_tl=en&_x_tr_hl=en-US
Dear Mario Marcel, out of the entire dastardly NLP Gang of 7 see https://investorshub.advfn.com/boards/read_msg.aspx?message_id=171761538 ... you definitely have the most best-cooked brains of them all.
And you apparently are getting smarter by the hour during this newest beaner/clusterfocking NLP crisis.
The Doctor
For_SQM I_predict they'll_stop loading_any more_lithium into_the pipeline
(ie brine pools entry point) 18 months before the 2030 lease expiration (summer of 2028) and will systematically start cutting back on lithium production in 6 more months to reach bare minimums (just to keep the CORFO lease legally alive) 2024 through summer of 2028. In 2030 SQM will take all their remaining LCE export quota license tonnages off the table to be retained solely for the company 100% before they shut down in 2030 as they transfer machinery & reduced staff over to greener "private" pastures/green-fields letting the government then pay the welfare for the laid-off "excess" lithium workers... that's my prediction and I stand by it.
https://www.mining.com/web/sqm-weighs-hard-choices-in-chile-amid-3-7bn-share-wipeout/
Such a brilliant plan will begin "slow at first" crushing Mommy's Boy Gabby Boric leftists/commies 2024 through 2026 and whatever commies that survived Boric's 4-year clusterfock next then during 2026 to 2030 presidential term when Chile is losing US$5B per year on what was once rock-solid lithium property rent paid to CORFO and Nicky Grau.
The Doctor
I_can read_your mind._You're wondering_if Mitsui_will take_$336M from
the Japanese government and combine it with the $336M they have scraped together over the last 2 years and then buy into LPI with a US$673,00,000 CAPEX after they already have now hopped in bed with Codelco and Marcela.
https://news.metal.com/newscontent/102191538/Japan-to-Subsidise-Half-the-Cost-of-Lithium-and-Key-Mineral-Projects/
Is that what you are thinking Bunky?
The Doctor
Boric:_"I don't_intend or_aspire to_become Lagos_or Allende"
"I do not intend or aspire to become Ricardo Lagos or Salvador Allende": President Boric responds to criticism
https://www-duna-cl.translate.goog/noticias/2023/04/24/no-pretendo-ni-aspiro-a-convertirme-ni-en-ricardo-lagos-ni-en-salvador-allende-presidente-boric-responde-a-las-criticas/?_x_tr_sl=es&_x_tr_tl=en&_x_tr_hl=en-US&_x_tr_pto=wapp
Dear Mommy's Boy Gabby Boric, haha-ha you have no chance of ever becoming a Ricardo Lagos or Salvador Allende or even carrying their jock straps in a soccer game as their gofer boy. You will be a deflated Nicolas Maduro (president of Venezuela) but if you fail that then possibly a smaller version of super hen-pecked Daniel Ortega (Nicaragua). You are a little mommy's boy way too inexperienced to run even a McDonald's restaurant much less a government like Chile.
The Doctor
New_YouTube_video from_LPI. No_financing yet,_no take-offs yet,
still no investment partner yet, no firm start date for construction yet, no date on the spin-off of Western Australian asset which we were promised as "frosting on the cake" prior the 2022 consolidation yet, no talks with any solid international gringos/Whitey money-men/players yet, no good news that you haven't already heard 10 times before, we have all the permits/water/approvals and as always... we're shovel ready.
Click here
The Doctor
PILNT_(Public Institute_of Lithium_& New_Technology) &_Gang of 7_intro
https://www-ex--ante-cl.translate.goog/el-instituto-publico-del-litio-costaria-hasta-us-6-millones-anuales-y-sus-operaciones-partirian-en-2024/?_x_tr_sl=es&_x_tr_tl=en&_x_tr_hl=en-US&_x_tr_pto=wapp
José Miguel Benavente Executive VP of CORFO #6, Finance Minister Mario Marcel #7, Anti-Mining Marcela Hernando #1, Minister of Interior Carolina Montserrat Tohá is not in the "gang", Minister of Economy Nicolas Grau #5, and Codelco CEO Maximo Pacheco #4. Mommy's Boy Gabby Boric #2 (standing in background) and Eduardo Bitran from Codelco (hidden out of range in some burrow somewhere) is #3.
Now you know the opposing team players who will be in the forefront of the upcoming NLP beaner clusterfock.
The Doctor
PS, but Doctor you ask... where is Willy Kracht from the Approve Dignity Party and Mommy's Boy Gabby Boric's trusted advisor on all things lithium?
He is dead.
Oh_geez, we're_now going_to be_branded forever_as Boric-Acid'sbitch
and his personal slavish ask-kisser https://www-latercera-com.translate.goog/pulso-pm/noticia/firma-australiana-con-proyecto-en-maricunga-valora-politica-nacional-del-litio-y-dice-que-tlc-y-tpp11-resguardan-sus-derechos/CNFBX2FI3NDGBA24BFBAEZ5H5U/?_x_tr_sl=es&_x_tr_tl=en&_x_tr_hl=en-US&_x_tr_pto=wapp
Dear fellow Chilean lithium miners especially Simbalik, SIMCO & SQM, we are so sorry... we had no idea our management would rollover and play dead so fast. Please forgive us LPI shareholders far down the chain of command. We have tried for the last 4 years to install a solid non-jello backbone in our management... but alas, we have failed miserably. They simply could not wait 3 more years until a Republican government retakes the president's office or a coup/street-revolution takes place before 2026 to toss Boric and his thieving commies (esp Marcela) out early.
We are all to a man so very sorry.
The Doctor
-------------------------
Australian firm with a project in Maricunga values National Lithium Policy and says that FTA and TPP11 protect their rights
by Emiliano Carrizo
"We are pleased that the National Lithium Policy (NLP), as it was presented last week in Santiago, is very much in line with what was discussed and expected after our various discussions with the Chilean authorities," said the director of Lithium Power International and president of MSB (Minera Salar Blanco), Russell Barwick.
Lithium Power International Limited (LPI) already adds two reports to investors on the national lithium policy. On April 21, it issued a statement similar to the one it sent in Chile, with the opinion of its CEO, Cristián García Huidobro. The second is dated April 24 and contains the matrix's analysis of the national lithium strategy announced by President Gabriel Boric last Thursday. In it, he expresses his interest in developing his project in the Salar de Maricunga. The Australian company is the most advanced in that salt flat, where Codelco and the alliance between Cominor and Simbalik also have mining properties.
"We are pleased that the National Lithium Policy (NLP), as it was presented last week in Santiago, is very much in line with what was discussed and expected after our various discussions with the Chilean authorities," said the director of Lithium Power International and president of MSB (Minera Salar Blanco), Russell Barwick.
LPI presented the national lithium policy as a process that was born from consultations with "a wide variety of stakeholders at the national and international level," and that focuses on the Atacama salt flat, where they do not have operations.
However, LPI comments from a different position than its peers that operate in the Atacama salt flats and those looking to develop other lithium projects in Chile. The firm is carrying out its project in Maricunga with concessions that were granted before the State defined lithium as a strategic material in 1979 and has the approval of the necessary environmental permits.
Salar Blanco has been developing his project for seven years. It has already invested US$71 million. When he presented his Environmental Impact Study in 2018, he estimated an investment of US$527 million, but this year he announced that he intends to invest US$700 million. The plan is to produce 20,000 tons of metallic lithium carbonate per year, one tenth of the nearly 200,000 tons that SQM and Albemarle produced in 2022. The firm expects to start construction on its project at the end of 2023 and has expressed its intention to partner with Codelco.
Salar Blanco owns 2,541 hectares, concentrated in the northern area of the salt flat, but only 1,125 hectares are prior to 79. The company assumes that it will have to sit down and talk with the State when it wants to advance in the expansion of its operations for the Maricunga project. Stage 2, which includes post-1979 belongings. But that is not perceived as a threat.
"The company will continue to work closely with the Chilean government to transform the Maricunga Stage 2 project into the first example of a public-private partnership under the new parameters established by the new policy," the company detailed in a statement.
From LPI they supported their confidence that their interests as foreign investors will be taken care of based on the Free Trade Agreements that Chile has with Australia and based on the content of the Trans-Pacific Economic Cooperation Agreement (TPP-11). In addition, they highlighted that their operations have operated under the line sought by the Executive for the development of lithium with respect to the existence of responsibility with the environment and social, technological progress and commitments with the community.
“The announcement and future implementation of the National Lithium Policy (NLP) is timely to provide the clarity and certainty required by investors about the parameters under which the Maricunga project will be developed,” the firm detailed about the impacts that the Executive’s announcement has on lithium for its operations.
Given this context, the Australian company explained that it is already thinking about how to obtain financing for the development of its projects in the pipeline such as Maricunga Phase One, which range from the entry of new partners under the often taken model (a purchase agreement on production future) until debt issuance. In this way, it is expected that the financial structuring process of the project will be completed in the first half of 2023 and construction will begin at the end of the second half. Construction would take two and a half years. Thus, in 2026 it could be producing and marketing lithium.
“We welcome President Boric's National Lithium Policy (NLP) and his goal to positively transform the Chilean lithium industry. Furthermore, we are pleased to say that we believe this Policy not only benefits LPI's Maricunga Project, but has the potential to accelerate the development of our Stage 2 project,” added Lithium Power International CEO Cristóbal García-Huidobro through a statement.
Loudspeakers_blare out:_Mario! another_clean-up on aisle_4!
Marcel defends the role of the State in the national lithium policy: "This is the most common form of exploitation"
https://www.latercera.com/pulso/noticia/marcel-defiende-el-rol-del-estado-en-la-politica-nacional-del-litio-esta-es-la-modalidad-mas-comun-de-explotacion/ZWSK7ECIMREFJNJ2X2K5GQFOQI/
See below for English translation.
The Doctor
-------------------------------
Marcel defends the role of the State in the national lithium policy: "This is the most common form of exploitation"
by Emiliano Carrizo
After criticism of the role that the public sector will have in the lithium industry, the Minister of Finance, Mario Marcel, raised where the State has a majority stake in companies that are dedicated to the exploitation of natural resources is something that is already used in the world.
The Minister of Finance, Mario Marcel, responded to the criticism that came out regarding the role of the majority participation that the State will have in the new companies that are formed to exploit national lithium. The minister stated that the proposals of the national strategy are formulas that already exist in the world, and that the policy in relation to the mineral comes to make the access of the private sector to this resource more flexible.
“What the national lithium policy has done is open up that alternative towards a State association through a public company, immediately through Codelco, and in the future, if the national lithium company is created, it will be through of this”, Marcel said in an interview with Radio Duna.
Marcel also stood up to the debate of those who say that the initiative is a nationalization of lithium and pointed out that the so-called white gold is already considered property of the State, and in 1979 it was detailed that its exploitation cannot be concession-ed as is the case today with lithium. copper. In this way, today, it can only be exploited by the private sector through special contracts, as is the case today in the operations of SQM and Albemarle in the Salar de Atacama.
“You cannot nationalize something that is already owned by the State. Talking about nationalizing lithium is like talking about privatizing the Bank of Chile (...) I think that is something that everyone who is most closely linked to this sector should know, but something that is owned by the State does not mean that it is not owned by the State. can develop together with the private sector”, he added.
On the issue of State control of companies, the Minister of Finance opened up the possibility that based on the fact that lithium extraction technology is more environmentally friendly and is a limited project, that company may not be in control of the State. This, given that the initiative would not be of “strategic significance”.
Given this context, Marcel also commented that the model in which the State has a leading role occurs in other parts of the world: "It seems as if it were something that we are inventing out of thin air, but this is the most common modality of resource exploitation natural”.
Regarding the process to obtain the approval of the national lithium strategy in Congress, the economist called to focus on "the underlying issues" about the need to have this initiative and define its governance similar to the one that Codelco has today so that the administration on duty does not affect lithium projects.
Meanwhile, regarding the negotiation that is sought with Albemarle and SQM regarding their operation and contracts in the Salar de Atacama, he stressed that, although the Executive has objectives regarding the role it wants to have in these operations, Marcel pointed out that both parties have to come to an agreement
On the other hand, the Secretary of State bet that, after the last proposal of the Executive in relation to the mining royalty, the congress is inclined to approve it after entering indications, which, in Marcel's opinion, were agreed with the parliamentarians: "It is coming The moment the topic has to be closed, we cannot discuss these things forever”.
LPI_gets top_billing...as best_for getting_your ask_reamed in_Chile
https://www-infobae-com.translate.goog/america/agencias/2023/04/24/las-apuestas-por-las-mineras-de-litio-australianas-aumentan-ante-preocupaciones-causadas-por-plan-chileno/?_x_tr_sl=es&_x_tr_tl=en&_x_tr_hl=en-US&_x_tr_pto=wapp
Oh_Nooooo, LPI_held webinar_this morning._LPI:ASX crashing_Down 6%
on ASX and 7% on Cboe 2:30PM in Australia Monday April 24. Shareholders heard the "old refrain" from management where they say again for the 1,000th time, "we are in top secret NDA no-leaking closed-door discussions again with everyone important and we will solve thisfocking mess we have self-made". It was a bloody disaster. Blood started spurting out of all the shareholders' ears, eyes... and their askholes.
We're in the ambulance now... we'll update you poor shareholders in the Americas (who thankfully because of the time difference didn't have to hear thisbull sheet "directly" again for the 1,000th time) a bit later.
Cheers
The Doctor
Dear_China, more_bad news._What's good_for Japan_is good for_Taiwan
also most likely. Japan to subsidize half of costs for lithium and key mineral projects
https://news.metal.com/newscontent/102191538/Japan-to-Subsidise-Half-the-Cost-of-Lithium-and-Key-Mineral-Projects/
As we mentioned earlier about Taiwan being admitted into the TPP11 https://investorshub.advfn.com/boards/read_msg.aspx?message_id=171756176 in our China: Chile loves me. Chile loves me not. Chile loves me. Chile loves me not piece, Japan is already a member of TPP11 and now with Japanese government subsidizing half the costs of new lithium projects for their citizens... you have to believe Taiwan is going to have to "match" Japan, soooooo it is safe to say all the Santiago hotels will be filled with Japs and Taiwanese in August I am thinking if this TPP11 vote goes through to allow Taiwan into the TPP11. Buying lithium mines in Chile (or Argentina or Bolivia or Brazil) for the Japs and Taiwanese lithium miners/users is going to get el cheapo-cheapo muy rapido.
The Doctor
cc: Xi Jinping, oooooo Taiwan, Japan and South Korea... yeow.
cc: Warren Buffet, no comment.
cc: Uncle Posco, you know and I know that South Korea is going to have to follow
___suit here which puts you right back in the driver's seat dear friend.
China:_Chile loves_me. Chile_loves me_not. Chile_loves me._Chile
loves me not... https://www.archyde.com/taiwans-bid-to-join-cptpp-updates-challenges-and-delegation-visits-to-chile-and-peru/
Dear Mainland China, you will know for sure if Chile loves you or loves you not on the next TPP11 membership vote to allow Taiwan into the this soon to be very powerful Pacific Rim trading alliance. If Chile votes to let Taiwan into the TPP11 then Chile definitely does not love you a real lot... and I would then advise your Chinese lithium investors from the mainland to perhaps "cool their jets" on investing big in Chilean lithium/copper/wine for a few more years or better yet for them to form new partnerships with Taiwanese lithium investors who will be scooping up the lithium here for their new anti-DJI & anti-Iranian combat drones faster than you can say "Confucius’ confusing fusion cuisine caused confusion."
The Doctor
cc: Xi Jinping
cc: Warren Buffet
New_Announcement_from LPI._Let me_summarize_it quickly for_you
1. The new NLP was announced last Thursday night on TV by Mommy's Boy Gabby Boric who is being held hostage by the ultra-commie RP (Radical Party). Mining Minister Marcela Hernando was the puppet master pulling all the strings on her hen-pecked puppet Gabby to rattle off all the standard hot-air redundant "we own the focking lithium" boilerplate along with some wishy-washy limpdick promises that this whole lithium mess in Chile will be straightened out "soon"... but as usual no timeline or specifics was given.
2. We have no financing lined up yet... but we are working on it as diligently as we've been working on it for the last exasperating 6 years.
3. We still haven't talked to even one potential investment partner, and to prove it no one can name any large company we have talked to because there is none. PS, the Mitsuishitshow was a complete dead-end farce. Mitsui is now working with Codelco.
4. We still don't have any take-off agreements and it looks like we won't have any for another 3 years at least.
5. We are still collecting our fat management salaries even though we aren't doing anything and very rarely even visit thatshithole Chile.
6. We're never going to say one negative thing about this focking leftist/commie government because our mouth is full of Boric'sballs.
7. Crystalballs is still pretending he is working for us and collecting his salary.
8. We still have no idea if we are going to have anything over a 50% ownership in our own mining project on our own land with grandfathered approvals which has been ozzie shovel ready for the last 4 years.
9. Even though Codelco has been performing test drillings on Maricunga over the last 4 years we still haven't even bothered to pick up one copy (or even a prelim copy) for a read by our management.
10. And, as always we are going to repeat in this new announcement all the current events/developments affecting our Maricunga project which the investigative members on LPI-HotCopper have long ago discovered/posted way before us in Australia and were then gracious enough to bring us in management up-to-date on these current events/developments.
11. Now everybody out there who wants another exciting CR (Capital Raise) and more shareholder dilution... raise your hand!
If you want to read the latest announcement in more detail from management then click on this link https://app.sharelinktechnologies.com/announcement/asx/8a135b4a34274fed8faf14e45deff4c1
The Doctor
Mario_kinda' sorta'_maybe fudgingly_infers Privates_could have_51%plus
control of their own lithium mining projects. Minister Marcel does not rule out the possible majority participation of private companies in the exploitation of lithium
https://www-redimin-cl.translate.goog/ministro-marcel-no-descarta-posible-participacion-mayoritaria-de-privados-en-explotacion-del-litio/?_x_tr_sl=es&_x_tr_tl=en&_x_tr_hl=en-US&_x_tr_pto=wapp
I like Treasurer Mario Marcel but he has been spending way too much time in the same sleazy back-alley gin-saloons talking to these slimy leftist commie idealistic Marxist thieves running this government and the leftist-commie disease of talking out of both sides of their mouth is rubbing off on poor unvaccinated Mario.
Dear Mario, something as basic as predetermining whether a private lithium miner can or can not have a 51%plus controlling interest in his own lithium mining company is basic to formulating a basic "survivable" NLP (National Lithium Policy) and if these focking leftist commie adolescents running this current government had ever been employed at real jobs before their government positions they would know this basic parameter/understanding is the numbero uno requirement before you (ie a person) starts a company and pours your (ie their) money/heart into the new business.
You need to go back to the La Moneda Palace on Monday and get that sniveling wishy-washy Mommy's Boy Gabby Boric to say in no uncertain terms yes or no on the possibility of private lithium miners ever owning more than 51%plus of their own mining company. THIS IS STEP ONE. Because if the answer is a solid no... then no lithium miner in their right mind is going to negotiate with deadbeat debtor Codelco for even one minute.
The Doctor
It_might have_just dawned_on Boric_that he_made major NLP_blunder
https://www-ex--ante-cl.translate.goog/bastante-mas-que-una-fotografia-por-cristian-valdivieso/?_x_tr_sl=es&_x_tr_tl=en&_x_tr_hl=en-US&_x_tr_pto=wapp
Dear Mommy's Boy Gabby Boric, better you realize it now early than later in the summer of 2025 during the presidential race Marcela Hernando with her ultra-communist lesbo/dyke comrades will be trying to win pushing Approve Dignity into the gutter in her race to steal all the lithium glory & gravy (ie real tasty gravy) for her ultra-commie RP (Radical Party).
The Doctor
CORFO_VP is more_a pragmatist_then we_previously_thought
José Miguel Benavente wisely notes that a proposed "State Controlled" Lithium producing company without lithium refinery machinery and qualified people to run that machinery directly on its payroll is nothing but a pretend shell of a lithium producing company https://biorednoticias-cl.translate.goog/2023/04/corfo-y-estrategia-del-litio-lo-que-el-presidente-nos-pide-es-control-estatal/?_x_tr_sl=es&_x_tr_tl=en&_x_tr_hl=en-US&_x_tr_pto=wapp so don't (ie Boric & Nicolas Grau) be so eager to cut or over-squeeze SQM or Albemarle out of the lithium-making process. You all need to remember that SQM's refinery machinery is "safely" located 240km from the CORFO Atacama project site and located (ie untouchable) on private property owned by SQM https://english.cw.com.tw/article/article.action?id=3398 see midway down the article.
José Miguel Benavente is also urging Mommy's boy Gabby Boric to start negotiating the new lease with SQM ASAP because if the State takes the negotiations right down to the wire in early 2030 then SQM is going to stop putting any new lithium into the pipeline 18 months (mid 2028) before the lease ends thus producing an 18-month (minimum) break in the lithium production chain of events which means zero state-income/kickbacks/slush-fund-renewal/pay-offs/Chilean-taxes for a solid 18 months which will kill nearly all the blood-sucking corrupt beaners/bureaucrats vampire-feeding off the SQM gravy train. And do remember if some other lithium miner were to "rent" the CORFO Atacama property (after SQM leaves for greener pastures) it will be another 18 months before any lithium is sold on the world market creating a 36 month total "gap" (minimum if everything goes perfect on scheduling) for the government in lithium income (that is, if the sun-baked/shredded/ruined plastic brine pool liners can even be repaired in-situ).
The current CORFO, SQM, Codelco "starting positions" are fairly well summarized in this new Redimin article The lithium strategy threatens 80% of SQM's revenues: what the negotiation with Codelco will be like https://www-redimin-cl.translate.goog/la-estrategia-del-litio-amenaza-el-80-de-los-ingresos-de-sqm-como-sera-la-negociacion-con-codelco/?_x_tr_sl=es&_x_tr_tl=en&_x_tr_hl=en-US&_x_tr_pto=wapp
The Doctor
Dear José Miguel Benavente, you forgot to mention that if SQM thinks it is going to get a screwing on CORFO Atacama that they can strategically/deliberately drag their feet 2024 through mid-2028 and then take their "sandbagged" originally contributed 64,000mt (min) LCE license (pre-SQM 1993 incorporation page 6 of 15) in 2030 and transfer it over to their SQM Maricunga privately-owned property which will/could be a great dowry to the LPI-Machine which should include Simbalik & SIMCO by then. And if Republicans are controlling the government then you can bet that SQM dowry will be getting at the least doubled by the CChEN in 2030 if SQM hasn't already secured some nice new fat Lithium Tender LCE export quota licenses in the interim. Speaking for our minority LPI shareholders group, we would be super happy to simply truck our Maricunga ore to SQM's refinery plant... we've always liked Julio Ponce BTW.
Codelco debt March 2022 was US$32,140,000,000...it hasn't dropped $1
since then https://www-nuevamineria-com.translate.goog/revista/codelco-negocia-nueva-politica-de-dividendos-con-hacienda-para-enfrentar-deuda/?_x_tr_sl=es&_x_tr_tl=en&_x_tr_hl=en-US
in fact I will bet the next Codelco annual 2023 report shows at least two more long term loans of US$1.4B on top of the US$32.14B they already owe:
1. US$900,000,000 senior unsecured notes through bonds due in 2023 & 2024.
2. US$500,000,000 from Export Development Canada through Prieto in Santiago. https://latinlawyer.com/article/codelco-gets-us500-million-loan-canadian-government
But to Codelco's credit they have channeled what looks like US$108B net-net (ie US$162B minus $32.14B minus $1.4B minus $2B/yr 6%interest/yr x average 10yrs for terms = $20B-ish) over the last 50 years into the Chilean Treasury https://www-reporteminero-cl.translate.goog/noticia/noticias/2023/04/maximo-pacheco-nuestro-principal-desafio-es-darle-legitimidad-social-a-la-mineria?_x_tr_sl=es&_x_tr_tl=en&_x_tr_hl=en
But if ever a company was "cash short"... Codelco is the definition of "cash short" and really should be filing for bankruptcy were it in any other normal "non banana republic" country other than Shile instead of continually borrowing itself out of debt which will/could be catastrophic if the banks call these loans in and the Jews/Whitey in New York simply take over all of Codelco's collateral posted to date.
The Doctor