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@ Layer3.news
2025-05-20 09:26:05
nostr:nprofile1qy3hwumn8ghj7un9d3shjtt5v4ehgmn9wshxkwrn9ekxz7t9wgejumn9waesqgr8g2hyzql5lt4cxfjdj40hgtu6vydvsqvsesqy8canygcce3lwvyyapkyy
RIO TINTO TO INVEST $900M IN CODELCO’S LITHIUM PROJECT IN CHILE
https://s.yimg.com/ny/api/res/1.2/rZXdhRvIptTy7ccYnGlTxw--/YXBwaWQ9aGlnaGxhbmRlcjt3PTEyMDA7aD02NzU-/https://media.zenfs.com/en/mining_technology_700/8f5826e097d0fe24e966a843693c106d
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✍️ Rio Tinto has signed a joint venture with Chilean state-owned copper mining company Codelco to develop the Salar de Maricunga lithium project in Chile, investing up to $900m.
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👉 Rio Tinto will hold a 49.99% stake in the joint venture
👉 The project is expected to be finalised by the end of Q1 2026
👉 The joint venture will focus on updating reserves and resources
👉 The JV will engage with local communities and employ advanced technologies
👉 The project will invest up to $900m
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#JakobStausholm #MáximoPacheco #Chile #Atacamaregion #business
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