US EditionBolivia's $2bn Lithium Deals with China and Russia Suspended by Court Ruling
10 Articles
10 Articles
Bolivia's $2bn lithium deals with China and Russia suspended by court ruling
A court in Potosí halts $2bn lithium projects with Russia’s Uranium One and China’s CBC in Bolivia, home to the world’s largest lithium reserves, over legal and environmental concerns tied to direct lithium extraction plans.
Two contracts with foreign companies to industrialize lithium were pending approval in the Legislative Assembly. The country has one of the largest reserves worldwide.
Both companies had signed an agreement with the Government for the exploitation of the mineral in the Salar of Uyuni. The two contracts were pending approval in the Legislative Assembly. The judicial decision responds to a popular action filed by communities originating in Nor Lípez. A Bolivian court has ordered the immediate suspension of the legislative treatment of two contracts for the industrialization of lithium managed by the Government o…
Yacimientos de Litio Boliviano (YLB) clarifies that the preliminary work carried out in the Salar de Uyuni by CBC (Hong Kong CBC Investment Limited) and Uranium One Group were carried out within the framework of agreements previously signed, and had the corresponding environmental licenses issued by the competent bodies. No activity has been carried out in the framework of the contracts signed with both companies, since these are not yet in forc…
The government of Luis Arce has insisted that it was not notified of the court ruling that ordered to stop the approval in the legislature of two contracts with companies from Russia and China for the exploitation of Bolivian lithium, so it urged Parliament to advance the treatment of both documents. Vice Minister of Alternative Energies, Alvaro Arnez, confirmed that neither the Ministry of Hydrocarbons and Energies, nor the state company Yacimi…
A court of the department of Potosi blocked the agreements for the exploitation of lithium between the state company Yacimientos de Litio Bolivianos (YLB) with Uranium One Group, of Russia, and the Chinese consortium Hong Kong CBC. “The judge ordered the following precautionary measures: Immediate suspension of the legislative treatment of Bills N 170/2024-2025 and N 197/2024-2025, which sought to approve contracts with the companies Uranium One…
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