Peruvian President Martin Vizcarra said his government will probably pass laws within six months that will allow Canadian miner Plateau Energy Metals to exploit a new lithium and uranium deposit. Plateau said last month it had found 2.5 million tonnes of high-grade lithium and 124 million pounds of uranium at its Falchani deposit in southern Peru, where it plans to build the world’s biggest lithium mine. The company has already begun drilling for an underground mine on the site, which is expected to produce about 20 per cent of Peru’s total energy needs.
Peruvian President Martin Vizcarra said his government will probably pass laws within six months that will allow Canadian miner Plateau Energy Metals to exploit a new lithium and uranium deposit. Plateau said last month it had found 2.5 million tonnes of high-grade lithium and 124 million pounds of uranium at its Falchani deposit in southern Peru, where it plans to build the world’s biggest lithium mine. To do so, regulations on mining radioactive materials in Peru need to be created as the two elements can only be extracted together.