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17 Oct 2009 HEADLINE


Bolivia Plans Cautious Approach to Developing Lithium Reserves



Source: Latin American Herald Tribune
Class: SYNDICATED NEWS

SYNOPSIS: Will wait until 2013 before selecting foreign partners, while conducting its own initial development.

LA PAZ – The Bolivian government said it will wait several years before partnering with a foreign company to produce lithium batteries and in the meantime will go ahead with the first stages of industrializing the metal.

Mining Minister Luis Alberto Echazu told a press conference that the first projects, up to an including the production of lithium carbonate, will be carried out entirely by the state, with foreign partners only needed beginning in 2013.

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