Gonzalo Zeballos, partner, and Nahila Cortes, counsel, both at BakerHostetler: “In Chile, lithium is considered to be a strategic mineral. The Chilean model for lithium extraction has, since 1979, been subject to extensive regulation by the state. Exploration and/or exploitation of lithium deposits under the existing model is thus undertaken either by the state, state-owned companies, administrative concessions or through special contracts granted by the state, except for previously granted concessions. Chile’s new National Lithium Strategy Plan proposes the creation of a national lithium company and will seek partnerships with private entities to develop new projects for the exploration and exploitation of lithium, in addition new methods of adding value to the industry. It must be noted, however, that Chile is not proposing to seize private property or cancel existing concessions. At present, two private companies, SQM and Albemarle, hold contracts for…”
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Partner,
White & Case
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