SOURCE: REUTERS
( Includes information on organized financial investment, economy minister remark)
BUENOS AIRES, May 31 (Reuters) – Chinese mining business Tibet Top Resources will invest $1.7 billion to establish a set of lithium tasks in northwest Argentina, the South American nation’s economy ministry revealed on Wednesday.
The tasks, to be performed in 2 appealing salt flats in Salta province, are anticipated to produce in between 50,000 and 100,000 tonnes of lithium, the ministry discussed in a declaration.
Tibet Top Resources did not right away react to an ask for talk about the federal government statement.
Argentina is the world’s 4th biggest manufacturer of lithium, an ultra-light metal in high need from rechargeable battery makers.
” We desire a mining market that makes the most of our resources and creates included worth and work,” Economy Minister Sergio Massa was priced estimate as stating in the declaration.
Massa is presently in China, where he consulted with executives from Tibet Top Resources. (Reporting by Lucila Sigal; Modifying by David Alire Garcia)
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