[Translations of two articles, the first from El Clarín for June 13, the second from El Mostrador for June 14. See originals here and here and related articles here and here. Copper mining in Chile, nationalized in 1971, is under the control of CODELCO, Corporación Nacional del Cobre de Chile, the National Copper Corporation of Chile.]
Government plans to hand lithium mining over to private corporations
The government yesterday opened domestic and international public bidding for the exploitation of the country’s lithium mines, which has until now been in the hands of two state enterprises. The winning bidders will be able to extract as much as 100,000 tons of the metal for a period 20 years and will have to pay the state seven percent of the monthly profits as royalties.
Lithium, also known as “white gold,” is used in automobile, cell-phone and computer batteries but also in glass making and medicines. (more…)