Chile revokes lithium concession; triggers major scandal on “strategic minerals”

Wednesday, October 3rd 2012 - 01:29 UTC

Full article 5 comments

Chile revoked the concession awarded to Sociedad Quimica y Minera de Chile to exploit substantial reserves of lithium in the Andes region, acknowledging problems with the tender process. Read full article

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British_Kirchnerist
Good for Chile =)
Oct 03rd, 2012 - 02:49 am - Link - Report abuse 0
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The Chilean perspective
This whole thing smelled funny from the start. These processes must be Squeaky clean and fully transparent if you don't want the wrath of the press and the people. Very bad move from an otherwise very professional outfit. Clean up your act!
Oct 03rd, 2012 - 10:14 am - Link - Report abuse 0
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Condorito
@1 + 2
I agree with both of you.
I gave them the benefit of the doubt to start with, but I am happy to be wrong on that. The press has done what it is supposed to do and the gov't has responded correctly.

However, the process must come down to the technical offer. It will not be right if a USA/Korean company walk away with the contract just becasue Pinochet's son-in-law is not on their board.

I say, break up the exclusive contract and put 5 or 6 contracts up for tender.
Oct 03rd, 2012 - 02:06 pm - Link - Report abuse 0
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ChrisR
@3 Too late now.
Oct 03rd, 2012 - 08:59 pm - Link - Report abuse 0
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British_Kirchnerist
#3 “It will not be right if a USA/Korean company walk away with the contract just becasue Pinochet's son-in-law is not on their board”

Wow, that really is corrupt, though in this case I doubt his father would be spinning in his grave!
Oct 04th, 2012 - 02:57 pm - Link - Report abuse 0
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