236 million dollars were finally paid by the State after Máximo Pacheco’s decision to buy all of its shares in the Maricunga project, formerly Blanco, from the Australian Lithium Power International (LPI).
Asked if he bought any industry, he made it clear that he had not and dedicated himself to reading a paper with arguments for the purchase related to the future possibilities open to Codelco to exploit lithium in the Maricunga Salt Flats with new partners and support from the bank. Rothschild.
Asked by Deputy Tapia about what would happen to the project if an RCA is not approved for it, Pacheco said “the only thing I can think of to say is that….” And he went at length to say that he hopes to obtain a permit that he currently does not have.
Regarding the fact that the payment price per share was higher than the price the company had, Pacheco said that they were advised by a bank that he did not name and that a premium with a higher value was offered to be able to access 100% of the shares. LPI shares, keeping its 5 subsidiaries.
There is no industry installed there, Pacheco traveled to London in October 2023 to close the agreement and meet with Martin Borda.
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