IMAGE: Ministry of Mining in Flickr
The Governor of the chilean Region of Bio Bio, Rodrigo Diaz, along with the General Director of the Department of Raw Materials of the Ministry of Industry and Information Technology of China, Jia Yinsong, toured the Pilot Plant located in Penco that focuses on the production of Rare Earth Elements.
The main objective for the delegation was to emphasise the possible alliance of investment by Chinese state-owned and joint ventures for the extraction of lanthanides in Bío Bío, and to seek opportunities for technology transfer, enabling them to substantially improve their standards in this area.
“We are present today as government authorities because the way of doing business by the Chinese authorities and companies, is linked intimately to public-private actors. We are showing that this is a serious initiative, within the framework of the Regional Development Strategy, and we would like to provide all possible cooperation”, said Diaz.
The regional authority stated that the Pilot Plant “is part of a government initiative called Phoenix Program, for cooperation for the new mining, which has provided advice to BioLantanidos to develop the exploration of Lanthanides within the commune of Penco”.
In words of Arturo Albornoz, General Manager of BioLantanidos Project, the Chinese delegation “is formed by the most important companies in this category in the world. In fact, one of them is the largest in the country, which means that it is the world’s largest, which guarantees that they have all the technology necessary to develop these products in our area”.
Albornoz commented that BioLantanidos Project will enter into the Environmental Assessment Service before the end of the month. “Once approved, which is a process that should last between six and ten months if all goes well, we would be able to start building the Project by the middle of next year, starting production in 2018”.
SOURCE: Regional Government of Bio Bio | Press Release