Officials are proclaiming the country’s mining sector is open for business. About 40 lithium projects are currently in different stages of exploration, more than anywhere else
in South America that is pro-business, is attractive to foreign capital and offers political stability for long-term investment. Most people would think of Chile. But when it comes to mining lithium, a light, salt-like metal used for batteries in electric vehicles and mobile phones, the country in question is its
Almost two-thirds of the world’s lithium can be found in the arid Andean plains that straddle Argentina, Chile and Bolivia—collectively known as the “lithium triangle”. Bolivia has the, but it has failed to get production going. The state owns all lithium and companies can exploit it only if they strike a deal with the public firm, Yacimientos de Litio de Bolivia. Political volatility and a lack of technical know-how have not helped. In 2016 the deputy interior minister was bludgeoned to death.
By contrast lithium is not considered a strategic resource in Argentina. The state plays a small role. Instead, the constitution grants the country’s 23 provinces the right to administer minerals on their land and grant concessions to firms. A law from 1993 gives tax breaks for mining firms and establishes that their ventures cannot face new taxes for a period of 30 years from the date they present a feasibility study to the federal government.
Danmark Seneste Nyt, Danmark Overskrifter
Similar News:Du kan også læse nyheder, der ligner denne, som vi har indsamlet fra andre nyhedskilder.
3 Killed, 2 Hurt in University of Virginia Shooting: OfficialsBREAKING: Police are still looking for the suspected gunman, Christopher Darnell Jones, Jr., hours after gunfire was first reported at around 10:30 p.m. Sunday, according to UVA President Jim Ryan. He identified Jones as a student.
Læs mere »
'Unlikely' that missle that killed two in Poland was fired by Russia, Biden saysUS Officials have suggested the missile was fired by Ukrainian forces at an incoming Russian missile
Læs mere »
Rishi Sunak says Russia must 'get out of Ukraine and end barbaric war' as he confronts Putin's officials at G20The prime minister will use the summit to push the world's most powerful economies to do more to reduce their dependence on Russian exports, while supporting others to do the same.
Læs mere »
3 Killed, 2 Injured in University of Virginia Shooting as Police Search for SuspectBREAKING: Police are still looking for the suspected gunman, Christopher Darnell Jones, Jr., hours after gunfire was first reported at around 10:30 p.m. Sunday, according to UVA President Jim Ryan. He identified Jones as a student.
Læs mere »
Biden says deadly Poland missile 'unlikely' to have been fired by RussiaThree US officials have said the missile could have been fired by Ukrainian forces at an incoming Russian missile.
Læs mere »