News

Friday, May 3, 2019

Peru tightens normative framework to exploit lithium with international support

Minister of Energy and Mines, Francisco Ísmodes, informed that the regulation would be elaborated together with USAID and the Peruvian Institute of Nuclear Energy.

These efforts would be due to the Peruvian Government seeking to move forward an important deposit in the south of the country, which would have been found by the Canadian company Plateau Energy Metals, which in July 2018, announced that in its Falchani deposit, in Puno , would have found 2.5 million tons of lithium, as well as 124 million pounds of uranium.

The lithium deposits are concentrated mainly in a triangle formed by Bolivia, Chile and Argentina. If Plateau

confirms the size of its finding in proven reserves, it could attract to Peru, leading companies such as China's Tianqi Lithium Corp or US-based Albemarle Corp.

 

According to Ísmodes, there would already be an initial guideline of the regulatory framework, "and this guideline will be worked on in detail", together with USAID, an agency that has held talks with IPEN.