Wealth Minerals forms strategic alliance with National Mining Company of Chile

By Dale Benton
A leading mineral resource company, with a key focus on lithium projects in South America, has entered into a strategic alliance with a national mining...

A leading mineral resource company, with a key focus on lithium projects in South America, has entered into a strategic alliance with a national mining company as it looks to significantly develop its Chilean properties.

Wealth Resources has entered into an agreement with the fully state-owned National Mining Company of Chile (ENAMI) where the two parties will form a strategic alliance to develop and commercialise the company’s projects in the Salar de Atacama and Laguna Verde.

Over a period of 24 months, the companies will assess the project portfolio in order to form a Joint Venture for exploration, development and mining at the sites.

Hendrik van Alphen, Wealth’s CEO, stated “We are very happy to have ENAMI as a partner for developing our assets. Not only are we now able to draw upon ENAMI’s experience and knowledge for successfully mining and processing resources in Chile, we have gained a strong state partner that can help fulfill our goals of full scale development to achieve production of lithium and by-products in Chile. This will enable Wealth and ENAMI to meet the world’s growing demand for lithium and secure Chile’s position as a premier player in global lithium markets.”

Related stories:

Newcrest Mining to invest $2.8bn into Wafi-Golpu project, feasibility study shows

Hecla Mining acquires Klondex Mines for $462 million

Zimbabwe mining sector expecting $300 million in investments, as African mining continues to soar


The Atacama Salar is the World’s highest grade and largest producing lithium brine deposit, and currently produces approximately one third of global lithium output from two production facilities operated by Sociedad Quimica y Minera (“SQM”) and Rockwood Lithium.

Chile is the world’s second largest lithium producer and the largest producer of lithium extracted from high‑quality and high‑concentration brines, accounting for approximately 35% of the total global production representing 75,800t of lithium carbonate equivalent.


Featured Articles

Startup Arkon Energy pours $28m into Bitcoin mining

Australian-based Arkon Energy has secured $28 million in funding to expand renewable Bitcoin mining efforts

KSA’s SWCC signs agreements for brine mining projects

Projects will extract bromine and other salts and minerals for use across Kingdom’s oil & gas, petrochemical, pharmaceutical and metallurgical industries

Glencore to pay over £275mn over Africa mining oil bribes

Glencore Energy UK has been found guilty of seven corruption offences, and has been ordered to pay over £275mn in fines for bribing officials in Africa

Aya Moroccan subsidiary seals US$100m financing for Zgounder

Supply Chain & Operations

Crypto mining firm Core Scientific may be facing bankruptcy

Digital Mining

Rio Tinto and Wright Prospecting modernise Rhodes Ridge JV

Supply Chain & Operations