This_is how_a LABSSS SpA could_contract with_Codelco
The proposed final partnership between LABSSS SpA and Codelco could be:
Codelco 30.25%
LABSSS SpA 69.75% (assuming BYD will be allowed/able to join with their "reinstated" 80,000mt LCE export license)
1. Who are the JV partners in future LABSSS SpA?
LPI Ph1_______Yes
LPI PH2_______Yes
Aramco_______Yes. See Rothschild Bank/Advisors
BYD__________Yes
SQM__________Yes
SIMCO/Simbalik Yes
Codelco_______ No
2. Who contributes their land in Maricunga to the LABSSS SpA - Codelco Contract?
LPI Ph1_______Yes
LPI PH2_______Yes
Aramco_______No. NA. See Rothschild Bank/Advisors
BYD__________No. NA
SQM__________Yes
SIMCO/Simbalik Yes
Codelco_______ Yes
3. How much in licensed LCE export quota does each partner put into the deal?
LPI Ph1_______15,200 mtpa
LPI PH2_______ 4,800 mtpa
Aramco___________0 mtpa. See Rothschild Bank/Advisors
BYD__________4,000 mtpa
SQM__________3,250 mtpa
SIMCO/Simbalik 5,700 mtpa
Codelco_______ 16,250 mtpa
Total__________ 49,200 mtpa
4. How much of US$1.12B CAPEX does each partner "put" into the deal?
LPI Ph1_______0%
LPI PH2_______0%
Aramco_______80%. See Rothschild Bank/Advisors
BYD__________20%
SQM__________0%
SIMCO/Simbalik 0%
Codelco_______ 0%
Total__________ 100%
5. Who operates brine pools (0% to 7% concentration)?
LPI Ph1_______Yes
LPI PH2_______Yes
Aramco_______No
BYD__________No
SQM__________Yes
SIMCO/Simbalik No
Codelco_______ No
6. Who operates Hybrid-Brine/DLE refinement (7% to 99.6% concentration)
from ALL properties 2025 to 2031?
LPI Ph1_______No. LPI instead pumps to SIMCO/Simbalik.
LPI PH2_______No. LPI instead pumps to SIMCO/Simbalik.
Aramco_______No
BYD__________No
SQM__________No. SQM instead pumps/transports to SIMCO/Simbalik.
SIMCO/Simbalik Yes
Codelco_______ No. Codelco brine is shit and too far away to use.
7. Who refines exponential increase in brine exceeding SIMCO/Simbalik onsite Hybrid-DLE refinement capability (7% to 99.6% concentration) from ALL properties 2031 to 2044?
LPI Ph1_______No
LPI PH2_______No
Aramco_______No
BYD__________No
SQM__________Yes. Brine is transported to SQM "fully owned" processing plant on Pacific coast previously servicing the SQM/CORFO Atacama lithium mine for final refinement/bagging.
SIMCO/Simbalik No
Codelco_______ No. Codelco brine to be re-evaluated for quality in 2029.
8. Who gets first "dibs" at preferred good-buddy retail price (ie long term) on the 49,200mtpa of lithium produced each year?
LPI Ph1_______No
LPI PH2_______No
Aramco_______Yes, first 55% of LCE, see Rothschild Bank/Advisors.
BYD__________Yes, first 45% of LCE
SQM__________No, but will have first crack on 50% of potash & lesser minerals.
SIMCO/Simbalik No, but will have first crack on 50% of potash & lesser minerals.
Codelco_______ No
This is only the proposed outline/framework of the primary constitution. The amendments and finer points can easily be provided later this weekend if anybody is really interested in that boring stuff.
The Doctor
