Ann: Update - Argentine lithium sale, page-35

Time to educate yourself a little about mining in Chile. Yes, Codelco is a state-owned mining company focussed on copper mining. BUT all the world's major mining companies produce copper in Chile - 8 of the top ten copper producers in Chile are NOT Chilean, they are privately-owned foreign companies.

There is a strong separation of powers in relation to resolving mining issues in Chile. There is no bureaucratic arm of government or dedicated mines court to hear cases related to mining exploration and development activities. All cases are handled in the civil court system which provides for greater independence.

Chile is highly respected throughout the global mining industry as an investment destination. The latest Fraser Institute report shows it is even favoured over every Australian state except Western Australia - and that standing should improve further under the new centre-right, pro-business government (see page 9 of the following report).

https://www.fraserinstitute.org/sites/default/files/survey-of-mining-companies-2017.pdf

The new Chilean government has already flagged changes to the mining code and CEOL process to stimulate greater private investment. Much of the regulatory framework, particularly that relating to lithium, has been in place for nearly 50 years and has not moved with the times. That is about to change.

Less irrational bluster and more considered research would be greatly appreciated. Patience required.