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YPF MOVES FORWARD WITH LITHIUM DEVELOPMENT

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YPF President Pablo González has confirmed that the state energy company will enter the local lithium market via a new subsidiary, the recently created YPF Litio SA.

YPF HAVE SET UP A NEW SUBSIDIARY, YPF LITIO SA. | CEDOC/MODIFIED BY JOAQUÍN TEMES

YPF President Pablo González has confirmed that the state energy company will enter the local lithium market via a new subsidiary, the recently created YPF Litio SA.

Hailing the potential of the sector, González said that YPF would work with private partners and provincial governments in Catamarca, Jujuy and Salta to develop Argentina’s mineral reserves.

Earlier this month, the three regional administrations signed an agreement creating a Lithium Mining Region with the aim of reaffirming provincial rights. They also set up a regional committee bringing together two officials from the mining ministry of each province together with representatives of the Interior, Productive Development and Science and Technology Ministries at national level.

YPF will also now join, confirmed González, adding that the firm would “accompany the producing regions,” focusing on research and development and adding value to the chain of production.

Back in June, the state firm presented a new strategy that will see it invest in technology to manufacture batteries and construct a new plant, which could be ready in the second half of 2022.

YPF will “accompany the producing regions,” said González, describing the move as “a strategic decision that allows us to diversify our energy business.”

«We have enormous expectations regarding the investment potential of lithium development in Argentina and particularly in the provinces of Jujuy, Salta and Catamarca,» said the company president.

«YPF comes to this table at the request of the governors; we are the company that invests the most in Argentina and we have been investing heavily in renewable energies,» added González.

– TIMES/TÉLAM

BUENOS AIRES TIMES

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LITIO DE JUJUY AL MUNDO: LA EMPRESA LITHIUM ARGENTINA TOCÓ LA CAMPANA DE APERTURA DE LA BOLSA DE NUEVA YORK(NYSE)

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EL DUEÑO DEL CHELSEA COMPRÓ UNA EMPRESA QUE TRABAJA CON LITIO Y TIENE PRESENCIA EN ARGENTINA

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El magnate Todd Boehly adquirió una participación mayoritaria en Ausenco, una firma global de servicios integrados de ingeniería y consultoría en el sector minero con operaciones locales. El acuerdo se llevó a cabo en colaboración con Brightstar Capital Partners y Claure Group. (más…)

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LITIO: UNO DE LOS FUNDADORES DEL INTER MIAMI HACE FUERTE APUESTA POR EL «ORO BLANCO»

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El megamillonario boliviano Marcelo Claure, ex CEO de Sprint, WeWork y SoftBank, lidera el grupo de inversores que compró la australiana Ausenco, la mayor firma de servicios mineros del mundo. Qué hace la empresa en la Argentina y por qué el magnate puso el ojo en el litio local. (más…)

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