Last days in a political meeting it was commented the idea of...

Last days in a political meeting it was commented the idea of Jemse to go ahead with a risky project against mining companies. They like to increase the Jemse ownership in mining company installed in Jujuy from 8.5% to 20% using Olaroz project and Cauchari (LAC + SQM) as leading cases.
Jemse people speculate that it will be easy to get an extra benefit mainly with Cauchari due to the presence of SQM and its necessity of the project after their conflict in Chile with Corfo. The other reason is the unexpected high prices of lithium that is offering a huge profit to the companies.

You can confirm this talking with anybody in the mining field and this is opening a big debate in the society in Jujuy. Lot of people in favor and a lot against.
This is typical of the Argentinean politician trying to add people at their side thinking in the next election in 2017 without taking into account the risk associated in this kind of ideas. To go from 8.5% to 20% is crazy and it will have a big impact in the whole country. In the others Argentina provinces is common that the provincial mining companies have participation between 7% to 10% and no more.
So this project has no future as it was presented. Probably it can be a way to open a negotiation to arrive at the end to a new agreement around 10 to 12% but who knows. In the middle a lot of noisy that can be dangerous for everybody with the only benefit for the politician. And this is their target. From now on to 2017 we will see in the media press this popular idea against “capitalism” trying to add votes for the next election.

In summary: Not a lot successful with this idea but a lot of bad noisy.