Wealth Minerals, ENAMI to create partnership

South America-focused Wealth Minerals has entered into an nondisclosure agreement with state-owned National Mining Company of Chile (ENAMI). The parties have agreed to study hard data and development vectors of how to best cooperate to create a partnership for the exploration, development and production of lithium in Chile. “We are very happy to work with ENAMI and continue where we…

Read More

State mining rights falls short in Chilean vote

A proposal to give Chile exclusive mining rights over lithium, hydrocarbons and rare earth metals as well as majority ownership of copper mines in the country has failed to pass the constitutional assembly, reported Reuters.  The proposal, which faced strong opposition from the country’s mining industry, needed a supermajority of 103 votes to be included into the draft of a…

Read More

Rio Tinto adds Argentinian lithium project to portfolio

After first announcing its plans last December with the inking of a binding agreement, Rio Tinto has completed its A$825 million acquisition of the Rincon lithium project in Argentina from Rincon Mining. Officials for the global miner said it has received approval of the deal from Australia’s Foreign Investment Review Board (FIRB). Rio Tinto chief executive Jakob Stausholm said the takeover…

Read More