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“There just isn´t much space for newcomers,” Guajardo said. “Codelco could have done something about that..but progress has been slow.”. Chile´s mining ministry has called Maricunga and Pedernales among the most “economically viable” for development of Chile´s salt flats after Atacama, which currently supplies nearly 40 percent of the world´s lithium macy’s cufflinks. While neither flat boasts the reserves of Atacama, each has relatively high concentrations of lithium beneath their white, salt-encrusted surfaces, according to promotional materials distributed by Chile’s mining ministry..
But the state miner has faced lawsuits from a competing miner at its Maricunga project, delaying progress, and is grappling with regulators who express skepticism about its Pedernales salt flat and the amount of lithium it can yield macy’s cufflinks. As a result, the company has yet to secure a partner to help it develop either asset. According to filings reviewed by Reuters that have yet to be reported, the company in July 2017 asked nuclear regulator CCHEN, which authorizes sales and export of lithium from Chile, for a permit to mine 137,388 tonnes of lithium metal equivalent (LME) over 36 years..
One year later, CCHEN authorized Codelco to sell just 40,000 tonnes, less than one-third its initial request, saying outdated reserve studies failed to justify the larger sum, according to a CCHEN resolution in response to the request macy’s cufflinks. Codelco appealed the decision in September, then sent lobbyists to try to change CCHEN´s mind the following month, according to the filings and lobbyist transparency records viewed by Reuters. CCHEN has requested more information of the miner. “The quota we´ve been given won´t permit us to seek a partner” at Pedernales, Codelco representatives told CCHEN´s director at the October meeting at the regulator´s offices, the minutes show..
Codelco told Reuters it had work to do at Pedernales macy’s cufflinks. “Pedernales doesn’t have logistical issues. It’s quota…is insufficient and requires further geological exploration in order to modify it. Currently, the focus at Codelco is on the development of Maricunga.”. Minera Salar Blanco, a joint venture that also holds mining rights at Maricunga, had once hoped to team with Codelco and begin mining the flats. But the company, 50 percent-owned by Australia’s Lithium Power International, with smaller stakes held by Canada’s Bearing Lithium, instead filed a lawsuit last year to block Codelco from developing its holdings, alleging its permits had been issued in error..
The private miner eventually dropped the suit and has struck off on its own, leaving Codelco with just a sliver of the flat and no partner as of yet to help in its development. Salar Blanco delivered its environmental impact study to Chilean authorities in September – with no help from Codelco – in order to win approval to develop their property. It now plans to begin construction of its own Maricunga project early in 2020. Jaime Alee, a Chilean lithium consultant who has advised foreign investors on opportunities in the local market, said outsiders like Salar Blanco were starting to get the message macy’s cufflinks.