South Korean top mining firm seeking Bolivia’s lithium: report

2009-09-28

South Korea’s top mining company made its case Saturday to be allowed to tap Bolivia’s vast reserves of lithium, the soft metal used to produce batteries for electric or hybrid cars.”If the Bolivian government gives us the opportunity to get involved with Uyuni’s lithium mines, we are always ready to do so,” Sun Kong, a top executive at the state-run Korea Resources Corporation (KORES), told La Razon newspaper.

Bolivia’s Salar de Uyuni houses some 140 million tons of lithium, attracting interest from French and Japanese companies.

Sun said his company would not only be interested in processing the lithium but also hoped to be involved in extraction, noting that KORES has specialized mining capability.

Earlier this month Bolivian President Evo Morales said his country is looking for “partners” and not “owners” for its natural resources, including its vast lithium reserves.

Source: AFP

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