Coal India Limited (CIL) is exploring the possibility of investing in lithium exploration and extraction in Chile’s salt flats. The company has shown interest to the Chilean government and has entered into nondisclosure agreements with firms from various countries to assess the feasibility of investing in lithium projects.
Chile holds half of the world’s viable lithium reserves and ranks as the second-largest global producer, controls approximately 36% of the global lithium trade. In March 2024, the Chilean government unveiled new investment opportunities for the private sector in lithium exploration.
Investors can choose to partner with existing state-owned entities or pursue fully private investments, depending on the specific salt flat or business model.
As reported by thehindubusinessline.com, under its national lithium trategy, Chile has issued a Request for Information (RFI) to attract both domestic and international companies. The country plans to offer mining blocks for exploration and extraction through specialized lithium operation contracts.
