Peruvian lithium mining regulation ‘ready this year’

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(Reuters) – Peruvian energy and mining minister Juan Carlos Liu said on Thursday he was confident Peru would have regulations for the exploitation of lithium ready in the coming year.

Canada’s Plateau Energy Metals announced in 2018 that it had found 2.5 million tons of high-grade lithium resources and 124 million pounds of uranium in its Falchani deposit in the Peruvian region of Puno. 

Plateau said the deposit could become the world’s biggest lithium mine but identified a lack of regulations on mining radioactive materials in Peru as an obstacle. The lithium at the hard-rock deposit can only be reached by also extracting uranium.

Liu told a press conference for the foreign media that Peru had sought international assistance to develop the legal framework for lithium exploitation. He provided no further details but last year the government said it was receiving support from the United States Agency for International Development (USAID) in drawing up legislation.

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