Chile Receives 80 Formal Bids for Lithium Mining Tenders, Eyes Huge Revenues from Codelco's Salt Lake Projects

Published: Jul 15, 2024 08:59
The Chilean government announced that 80 formal intentions for lithium mining tenders have been received and will announce the allocation mechanism of salt lakes at the end of August. According to the Economic and Commercial Office of the Chinese Embassy in Chile, the "Three O'Clock News" reported on July 11 that at the 53rd anniversary meeting commemorating the nationalization of copper mines, President Boric emphasized that Codelco is an important foundation for Chile's social welfare policies and has invested more than US$160 billion since its nationalization in 1971. The development of Codelco will remain crucial to the country's future, and copper production will reach 1.8 million tons of refined copper annually by 2030. Under the "National Lithium Strategy," the Atacama and Maricunga salt lake projects of Codelco will bring huge revenues to the country.

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