Maricunga Lithium Project Partnership
Sector: Commercial • Location: Chile
Source: Benefits and Pensions Monitor
Rio Tinto will enter the Chilean lithium market through a partnership with state-owned miner Codelco for the Maricunga lithium project. Rio Tinto will contribute up to $900 million to the project, acquiring a 49.99 percent stake, while Codelco retains control of the remaining share. The deal includes an initial investment of $350 million at closing, expected in the first quarter of next year, foll
- Status
- Prospective
- Sector
- Commercial, Power Generation (CCGT)
- Location
- Chile
- Updated
- 22 Jul 2026
- Source
- Benefits and Pensions Monitor
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Project Information
Participants
| Not available for this record. |
Status
Original status | Planned |
Taiyo status | Prospective |
Taiyo last update | 2026-07-22 |
Contact
| Not available for this record. |
Description
Description | Rio Tinto will enter the Chilean lithium market through a partnership with state-owned miner Codelco for the Maricunga lithium project. Rio Tinto will contribute up to $900 million to the project, acquiring a 49.99 percent stake, while Codelco retains control of the remaining share. The deal includes an initial investment of $350 million at closing, expected in the first quarter of next year, followed by $500 million upon final investment decision, and $50 million if commercial production is reached by the end of 2030. The Maricunga project has yet to be mined but is known for one of the highest lithium brine concentrations globally. |
Original sector | Mining |
Budget |
Location
Country | Chile |
Source
Source | Benefits and Pensions Monitor |
URL |
More Details
Record type | Project |
Sector | Commercial, Power Generation (CCGT) |
Article published date | 2025-05-23 |
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