Chile's ENAMI says China antitrust review of Rio Tinto lithium project delayed
The Chinese antitrust regulator review into a lithium project involving Chile's State-run ENAMI and miner Rio Tinto will be delayed by a few months, the head of the South American company said on Thursday.
ENAMI executive VP Juan Carlos Saez told a legislative session that once approval is secured, the company will proceed with Rio Tinto to develop the Salares Altoandinos project, which requires an estimated investment of over $3-billion.
"They have just delayed it; it was supposed to be delivered around July or August. I believe they are going to delay it a few more months," he told lawmakers.
ENAMI projects the initiative will begin operations in 2032 with a yearly output of 35 000 tons, gradually increasing to 75 000 tons over three years.
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