On 12 December, 2017, Chile’s Corporation for the Promotion of Production (“CORFO”), together with the National Service of Geology and Mining (“Sernageomin”) and the University of Chile, released an interesting preliminary report about the potential to explore for and develop cobalt deposits in Chile: “Cobalt Mineral Resources in Chile – Exploration & Mining Potential” (the “Report”). The Report identifies the districts of San Juan & Carrizalillo Alto (Atacama Region) and Tambillos (Coquimbo Region) as potential targets for cobalt extraction, together with copper and gold. These minerals are generally found together in small to … Continue Reading
In an interview on 27 August, 2017, the Executive Vice-President of Chile’s Corporation for the Promotion of Production (“CORFO”), Eduardo Bitran, announced that CORFO and the National Service of Geology and Mining (“Sernageomin”) are conducting surveys in the La Cobaltera area in Chile’s Atacama region in search for cobalt deposits. Cobalt deposits are also known to exist in the Coquimbo region.
Bitran cited CORFO’s expectations that cobalt demand should considerably increase in upcoming years, and noted Chile’s potential for developing this mineral: “If we were to produce 15,000 annual tons of cobalt by 2035, we … Continue Reading