Rio Tinto, BYD and LG Energy eligible for Chile's Altoandinos lithium project [Yahoo! Finance]
POSCO Holdings Inc. American Depositary Shares (Each representing 1/4th of a share of) (PKX)
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Source: Yahoo! Finance
SANTIAGO (Reuters) - Mining giant Rio Tinto and Chinese EV-maker BYD are among the six companies eligible to proceed with proposals to develop a lithium project in Chile's Altoandinos salt flats, state-run mining company ENAMI said on Thursday. The salt flats in the northern region of Atacama are one of the areas where the Chilean government is aiming to boost lithium production in partnership with the state by kicking off new projects. ENAMI launched its search in May, seeking a partner to offer either financial backing or operational support in Altoandinos, for an ownership stake that has yet to be determined. The complete list of contenders that can move forward in the process include French miner Eramet, which holds mining concessions at the Altoandinos site, as well as South Korea's LG Energy and Posco, and China's CNGR Advanced Material. Twelve companies initially expressed interest, ENAMI said last month. Chile is the world's second-largest producer of lithium, a key
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