RIO Selected as Preferred Partner by ENAMI for Chilean Lithium Project

Rio Tinto Group (RIO) has been named the preferred partner of Chile’s state-owned mining company, Empresa Nacional de Minería (ENAMI), for the development of the Salares Altoandinos lithium project in the Atacama region. The project has the potential to be a world-class lithium development.Per the proposal, Rio Tinto would acquire an initial 51% stake in the project with ENAMI holding the remaining 49%. The transaction, however, remains subject to the signature of binding agreements, receipt of regulatory a ...