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…

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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…

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Franklin Mining inks lithium development JV

U.S. explorer Franklin Mining has signed a joint venture agreement with SOCRAM Energia to develop a lithium mine in northern Argentina. The deal, which was signed recently by CEO William Petty in South America, calls for the operation to be situated in the prolific Lithium Triangle region. The single mine will be developed in three stages: 1,458 hectares in stage…

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Gazprom inks deal to advance Russian lithium project

Russian energy giant Gazprom said it has signed an agreement with the Russian government to cooperate on the production and processing of formation brines (saline groundwaters) at its Kovyktinskoye gas field in order to obtain lithium compounds and other valuable components. The parties agreed to work together in R&D activities aimed at creating domestic technologies, equipment and materials required to…

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Eramet tackling construction again at Argentinian lithium property

The first quarter of next year will be a busy one for miner Eramet, which has confirmed it will restart construction at its Argentina lithium plant – work that has been halted for more than 18 months. As part of its fast-track into an energy metals transition and to strike on growth and demand momentum, the French company said the…

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