trending Market Intelligence /marketintelligence/en/news-insights/trending/yGCODPRBr0uurbr_EqtxlA2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

In This List

Codelco, Lithium Power ink joint-development MOU for Chilean lithium project

Mining Exploration Insights - April 2020

Mining Exploration Insights December

Mining Exploration Insights: Dip in gold drilling weighs on results

State of the Market: Mining Q2-2019


Codelco, Lithium Power ink joint-development MOU for Chilean lithium project

Lithium Power International Ltd.'s 51%-owned joint venture company Minera Salar Blanco SpA entered into a nonbinding memorandum of understanding with Chilean state-owned miner Codelco to develop the Maricunga Salar lithium project in Chile.

The companies will negotiate a definitive agreement to form a new joint venture and finalize the environmental approval process and ongoing negotiations with potential financing and strategic partners.

The start of construction is targeted for the first half of 2020, according to an Aug. 1 release.

Lithium Power CEO Cristobal Garcia-Huidobro said consolidating the mining concessions would include an option to increase production capacity and extend the mine life beyond its expected 20-year span.

A definitive feasibility study for Maricunga in January outlined a posttax net present value, discounted at 8%, of US$940 million, an internal rate of return of 26.7% and a 3.5-year payback period on a 50% leveraged basis.