Articles for tag: Chile, cobalt, earth, extraction, offers, projects, rare

February 9, 2025

Ron Finklestien

mining

Chile Invites $4 Million Investment for Cobalt and Rare Earth Mining Initiatives

Chile’s New Initiative to Exploit Tailings for Strategic Minerals The call for proposals, which remains open until March, reflects Chile’s ongoing initiative to leverage its extensive tailings resources, estimated at nearly 800 sites nationwide. Rising Demand for Essential Minerals This effort coincides with an anticipated increase in the global demand for metals, particularly those vital for the energy transition. Commodities such as lithium and cobalt, key components in electric vehicle batteries, alongside rare earth elements necessary for renewable energy technologies, are driving this demand. Chilean Mining Minister Discusses Economic Opportunities “These are strategic minerals, especially cobalt and rare earths, where

May 30, 2024

Ron Finklestien

mining

Chile to launch public consultation on tailings regulation

“Therefore, all of those who live this reality can participate, they can tell us which aspects are properly addressed, which aspects we are missing and which we can modify. That is the spirit of updating a regulation through participation,” the minister said. In the politician’s view, modifying the decree will allow for the development of a clear procedure regarding what it means to reprocess or transport tailings. These two processes are not duly regulated. Despite her acknowledgement of areas for improvement, the mining minister applauded the work of the National Geology and Mining Service, Sernageomin, in monitoring active and inactive

March 27, 2024

Ron Finklestien

mining

Unlocking Chile’s Potential: A New Era of Lithium Exploration Unlocking Chile’s Potential: A New Era of Lithium Exploration

The Chilean government has announced plans to open 26 lithium salt flats to private companies, initiating a tender process in April that is slated to conclude by July. The initiative is expected to result in the development of three to four new projects by 2026. Among these, the Atacama and Maricunga salt flats, deemed strategically important and currently under state-controlled partnerships, hold a collective lithium potential of 10.8 million tonnes, representing a significant portion of global reserves at 64%. According to mineral expert José Cabello of consulting firm Mineralium, an additional 3.3 million tonnes of lithium could be unlocked from

March 20, 2024

Ron Finklestien

mining

CleanTech Lithium’s Renewable Energy Oasis Sprouts in Chile

The Dawn of a Lithium Extravaganza With the promise of growth and sustainability, CleanTech Lithium (AIM: CTL) proudly unveiled the initiation of operations at its direct lithium extraction (DLE) pilot plant nestled in the serene region of Copiapó, northern Chile. This venture marks the genesis of a new era for the company, set against the backdrop of its flagship Laguna Verde project 250 kilometers away. This technological marvel boasts a design capacity of one tonne per month of lithium carbonate equivalent in the form of concentrated eluate. Earmarked for global export, the maiden production of eluate has successfully materialized, poised

January 4, 2024

Ron Finklestien

mining

Teck’s Strategic Shift: Exiting Coal, Navigating Lower Copper Output in Chile Teck’s Strategic Shift: Exiting Coal, Navigating Lower Copper Output in Chile

Posco traded its interest in two of Teck’s coal operations for a 3% stake in the overall steelmaking coal business. The transactions are part of an umbrella deal inked with Glencore (LON: GLEN) in November 2023, involving the Swiss miner and commodities trader paying $6.9 billion for 77% of Elk Valley Resources. The agreement with Glencore, which capped negotiations and takeover attempts initiated by the Baar-based firm, awaits regulatory review and is anticipated to finalize in the third quarter of 2024. Challenges in Copper Production Canada’s largest diversified miner highlighted a lower than anticipated 2023 production at Quebrada Blanca (QB),