Nemaska Lithium agreement with private equity giant Orion Mine Finance comes a week after $100B Japanese technology fund bought a stake in Quebec-based firm.
Increasing disposable income in emerging economies and the adoption of greener technologies, are the two factors to drive most of the expected increased demand in copper during the next five years.
Authorities may consider potential revisions to the mining laws in order to make companies that already own concessions to work on them or else give them up.
One of the main problems, says the head of Chile’s Mining Society, Diego Hernández, is miners have no incentives to do anything with the assets they already own and is very cheap to keep them.
Softbank $100 billion fund buys into Canadian lithium miner in first deal of its kind as race to secure electric vehicle battery raw materials heats up.
Nelson Pizarro, who took the post in 2014, has played a critical role in the drive to reduce spending and force a reduction in costs, while kicking off a major overhaul of Codelco’s aging mines to deal with dwindling ore grades.