Codelco
Mining Minister Aurora Williams defended the autonomy of Nova Andino Litio's board in a recent interview, stressing that the government did not intervene in its selection despite potential political scrutiny. The board, recently appointed for the Codelco-SQM lithium joint venture in the Salar de Atacama, comprises technically qualified members chosen by the companies.
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Chile's Comptroller General approved the Codelco-SQM agreement for lithium extraction in the Salar de Atacama from 2031 to 2060, subject to conditions to be met by December 31, 2025. Finance Minister Nicolás Grau called it a historic deal that will double lithium production this decade and make Codelco a global leader. Officials highlight benefits for Chile's energy transition and regional sustainability.