As previously reported by Street Talk, the ASX-listed lithium hopeful faced a potential roadblock posed by Chile’s new policy, which is exceedingly complicated.
Lithium Power International, the locally listed South American explorer, has called in a defence advisor as the Chilean government’s mining group circles.
Lithium Power International faces a potential roadblock posed by Chile’s new national lithium strategy, which is exceedingly complicated.Codelco, the Chilean government-owned copper juggernaut, has been looking for lithium acquisitions. It has hired Rothschild. Its suitor, Codelco, is as cashed up as they come, making more than $US5 billion in annual earnings. It recently issued $US2 billion in bonds in a deal that was heavily oversubscribed.
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