Canadian Mining Journal

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IODINE: RB Energy to sell Aguas Blancas mine

CHILE – RB Energy of Vancouver is considering the sale of its Aguas Blancas iodine mine 95 SE of Antofagasta. Officially, the company believes the market is "not attributing appropriate value" to the project. A formal process to maximize...



CHILE – RB Energy of Vancouver is considering the sale of its Aguas Blancas iodine mine 95 SE of Antofagasta. Officially, the company believes the market is “not attributing appropriate value” to the project. A formal process to maximize the value of the asset will be undertaken, but selling is a possibility.

If RB Energy sells Aguas Blancas, the company will become a pure lithium play with the only  hardrock lithium operation in North America.

The company recently proposed a financing of $78 million to $88 million with which to get its lithium carbonate plant in Quebec up to design capacity of 20,000 t/y. The company has hired SGS Minerals to mobilize a team of hydrometallurgical engineers to the site to assist in meeting the planned production rate in Q1 2015.

Readers interested in owning an iodine mine in Chile can find detailed informaiton about Aguas Blancas at RB-E.com.