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SNIPPET ONLY, Content of article possible reason why Argentina introduced $53per kilo reference price? Romy is looking at taxs, royalties and pricing atm following benchmark meeting. Hoorah Thursday.




In addition to the recent complaint for high over-invoicing against Liex, a subsidiary of China's Zijin, and the under-invoicing of the US company Livent exposed last year, a claim has now been added against multiple government entities and companies related, also, to the mineral industry in Argentina. Issued by the Latin American Lithium Chamber, the complaint also refers to recurring situations of alleged overbilling and tax evasion, creation of shell companies and manipulated price increases. According to a statement from the entity, the organization accumulates a series of data that, precisely, shows a worrying trend in terms of entered billings. "According to records, the declared price of lithium carbonate on bills of lading has been found to be significantly below the actual international price. This discrepancy raises serious questions about financial integrity and fairness in the market," the entity said. Lithium: irregularities detected "The investigation has revealed the existence of shell companies and foreign organizations operating in the country without authorization. The data confirms these concerns, underscoring the need for more rigorous regulation and market security," it added. In addition to focusing on the companies that intervene in the extraction and exploitation of the mineral, the chamber also points out how responsible for potential irregularities are Customs, the General Inspection of Justice (IGJ), the AFIP and the National Securities Commission (CNV). ).

https://saltamining.com/contenido/1003/la-camara-latinoamericana-del-litio-denuncio-a-organismos-por-presuntas-irregula

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