Miner plans to transfer to state-run copper producer Codelco its mining concessions and other rights in Chile's Maricunga salt flat.

The mine is the first to operate with desalinated water in an area of the country that has suffered a 15-year drought.

Jindal aims to export 600,000 metric tons of the raw material per month by the end of the year.

The company received the letter of interest from the United States, Export-Import Bank.

Deadline to set terms on a partnership extended from the end of this month.

The Yumpag project was approved to mine 1,000 tonnes per day, allowing it to produce an estimated 6.5-7.2 million oz. of silver by 2024.

The first production of eluate was completed in the past week, and it will be shipped to North America.