Enami is evaluating six partners for a public-private partnership in the Salares Altoandinos lithium project, valued at US$1.5 billion, located in Chile’s Atacama region. Scheduled to formalize in March 2025, the contenders include Chinese firms BYD Chile and CNGR Advanced Material, South Korea’s LG Energy Solution and Posco, France’s Eramet, and local entity Rio Tinto Mining and Exploration.

Initially, Enami received 12 proposals from international entities interested in participating in this project. The Salares Altoandinos area, encompassing the Aguilar, Isla, and Grande salt flats, aims to produce 60,000 tons of lithium carbonate annually. Comprehensive exploration is set to resume next month to refine resource estimates.

Additionally, an indigenous consultation is underway regarding a special lithium operation contract requested from the mining ministry. The selected partner will be essential to provide financial backing due to Enami’s economic challenges, with the company reporting significant financial losses in the first half of the year.

Executive Vice President Iván Mlynarz expressed hopes for improved financial stability and better financial system access in the upcoming months, allowing Enami to continue its mission to support small and medium-sized mining enterprises.

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