LPI 0.00% 56.5¢ lithium power international limited

There is also good news for us:Bill proposes that lithium be...

  1. 1,113 Posts.
    lightbulb Created with Sketch. 64
    There is also good news for us:

    Bill proposes that lithium be eligible for mining concession

    By Matías Vera , 27 July 2023 | 14:42

    Exactly, the initiative seeks to eliminate a part of Article 7 of Law No. 18,248. This article, which deals with the State's domain and mining rights, states that lithium is not susceptible to mining concession. This is why the project proposes to remove the word lithium so that the mineral can be susceptible to mining concession."Currently, lithium is among the minerals that the Mining Code contemplates as not susceptible to mining concession, except in the cases of those constituted prior to the rule that establishes the prohibition, therefore, the exploration or exploitation of lithium can currently only be carried out by the State and its companies, administrative concessions or special operating contracts in compliance with the conditions established in the supreme decree issued by the President of the Republic", states the beginning of the bill.

    Translated with www.DeepL.com/Translator

    Original: https://www-reporteminero-cl.translate.goog/noticia/noticias/2023/07/proyecto-de-ley-propone-que-el-litio-sea-susceptible-concesion-minera?_x_tr_sl=es&_x_tr_tl=en&_x_tr_hl=en
 
watchlist Created with Sketch. Add LPI (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.