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Chilean regulators have threatened Albemarle Corp with legal action, demanding that by week´s end the world´s top lithium miner present a plan for turning over data on its reserves of the ultralight battery metal, according to filings obtained by Reuters.
In 2016, Chile gave Albemarle approval to hike production from the lithium-rich Atacama salt flat on condition the miner prove its reserves could sustain the increased output.
Chilean nuclear agency CCHEN, which also licenses lithium exports, said Albemarle had failed to provide adequate reserves data more than a year after the regulator requested it, according to a Jan. 4 letter obtained by Reuters under Chile’s Transparency Act.
www.reuters.com
If they refuse to comply snatch that license back. It really is that simple.
In 2016, Chile gave Albemarle approval to hike production from the lithium-rich Atacama salt flat on condition the miner prove its reserves could sustain the increased output.
Chilean nuclear agency CCHEN, which also licenses lithium exports, said Albemarle had failed to provide adequate reserves data more than a year after the regulator requested it, according to a Jan. 4 letter obtained by Reuters under Chile’s Transparency Act.
EXCLUSIVE Chile threatens legal action to get Albemarle to disclose lithium reserves
Chilean regulators have threatened Albemarle Corp (ALB.N) with legal action, demanding that by week´s end the world´s top lithium miner present a plan for turning over data on its reserves of the ultralight battery metal, according to filings obtained by Reuters.
If they refuse to comply snatch that license back. It really is that simple.
