LPI - The Next Lithium Producer in Chile, page-3179

Here is the second part that just aired.

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to Congress in the second semester of this good year, while this materializes the companies Codelco and llenami, they are going to have a key and leading role in this process as representatives of the State in this strategy will be The president said the public-private collaboration where it is expected that the private world contributes with capital and networks in the market, among other things, but here it is also important with control of the public sector, of course, anyone and he said it well, of course. The president, any private company, whether foreign or local, that wants to exploit lithium in Chile must associate with the state. In this sense, a diversification of the actors will be sought, because today there are basically two actors in the lithium sector, this year an institute will be created public lithium and new technologies that will have, among other tasks, to improve the production process and provide added value to the mineral, a process that aims to be sustainable, physically and where local communities have an important participation, the president stressed that it will not be done nothing without the association without the care without the conversation and the approach to the local communities that are around the salt flats part of the statements, The current contracts that are up to the year 2030, for example, the Salar de Atacama will be mandated to Corfo, which in turn will deal with Acodelco to try to enable the State to participate in the exploitation of those minerals and additionally it will deliver a list of those points where there are salt flats that will not be able to be exploited commercially we have part of the statements.

In the second half of this year, after the dialogue that we will hold with the different communities that live with the salt flats, we will send to the Congress of the Republic the bill that creates the national lithium company, which will seek partners for the development of lithium aggregation projects. value and this implies being an additional effort to not only extract raw material but convert it into new products of high technological value we can do it in Chile in this area we hope to have the participation and leadership of regional governments we know that we are a serious and reliable country We have respected and will continue to respect the contracts in force and we know that the private lease contract for an important part of Sala de Atacama will only end in 2030. If we decided to do nothing, this would simply continue like this, which is why I have instructed Golfo, the institution that manages our reserves. of lithium to in turn mandate to Godelco the search for the best ways to achieve, as of now, the participation of the Chilean State in the extraction of the litto

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IMO looks like we have to wait until tomorrow to potentially get the details of the codelco deal.