ENAMI attracts 30 technology providers within Alto Andino process
Eramet active
Last month, Chilean state-owned company ENAMI announced a list of companies who have entered the Request for Information (“RFI”) stage for its Alto Andina project which encompasses the La Isla, Aguilar, Grande and Infieles salars of the Atacama region of Chile.
The list includes several prominent companies active in both Chilean and Argentinian DLE landscapes, including Rio Tinto, Eramet and LG Energy Solutions. ENAMI will review technical proposals before selecting roughly 5 technologies which will proceed to laboratory testing on the project’s brine.
In March, Chile’s government defined the RFI private-public partnering process as part of the National Lithium Strategy which outlined the subject Alto Andinos as resources to be co-developed with the state, but without a minimum state ownership.
ENAMI has been sampling at Aguilar and La Isla recently and expects to complete a bankable MRE by November 2024. Historic sampling suggests Aguilar and La Isla contained grades as high as 1,078 mg/L and 814 mg/L Li, respectively.
Initial resource delineation, together with a pending application for a CEOL (mining permit), will form ENAMI’s primary contribution towards any partnership.
France’s Eramet is already active in the area. In December 2023, Eramet procured 8,800 ha and 16,500 ha of Aguilar and La Isla, respectively. In March 2024, Eramet also signed a farm-in agreement with Lithium Chile for landholdings that included the 1,078 ha Aguilar property. Eramet are nearing completion of the Centenario project, which deploys proprietary absorption-DLE technology.
アダマスの見解：
Since the “strategic” salars of Atacama and Maricunga were locked up for majority state ownership, the Alto Andinos salars appear to host the country’s most prospective lithium resources which are open for business.
Fittingly, ENAMI has seen a high level of interest from potential partners offering a wide variety of financial and technical capabilities. This will be extremely encouraging to Chilean policymakers pursuing the private-public partnership model.
Chile desires to have three or four new lithium projects operational by 2026, but it also hopes to increase state ownership across the sector. Besides the timeline being unrealistic, authorities must tread a fine line between give and take since the state does not have the necessary technology or skillset to extract and process lithium into chemicals.
We see the participants with proven technical prowess in DLE, such as Eramet and SunResin, as having strong negotiating power in these discussions. At the other end of the spectrum, emergent DLE technology providers, perhaps capital constrained, may be less demanding of ownership rights, offering an attractive albeit technically riskier proposition for the state.
Image: ENAMI at Aguilar
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アダマス・インテリジェンスのアナリスト、クリス・ウィリアムズ
クリスは、アダマス・インテリジェンスのアナリストとして、世界のリチウム産業を専門に担当しています。彼はリチウムのバリューチェーンを調査・分析し、クライアントにとって実践的なビジネスチャンスを見出しています。
クリス氏は、鉱業および石油・ガス事業の業務最適化において11年の経験を持ち、データを活用した深い洞察を通じて価値を創出しています。クイーンズランド大学で機械工学を専攻し、工学の学士号および修士号を取得しており、現在はブリティッシュコロンビア大学で経営学修士（MBA）の課程を履修中です。
