brazil-vale-mining-company-logoBolivia has largest lithium mining potential in the world. Some mining companies have submitted proposals to offer joint exploration lithium mine owned by Bolivia.

Bolivia Salar de Uyuni, Potosi salt flat located in the province, known to contain about half the world’s 11 million metric tons of lithium reserves, according to the United States Geological Survey. Lithium is used to make batteries for portable electronics such as mobile phones, I-pod and laptop, and may force electric car.

Brazilian mining company Vale SA is the largest mining company has a mining exploration sites in several countries and mining raw materials producers. Vale SA interested to invest in lithium mining exploitation project in Bolivia. Vale will compete with several companies that had submitted proposals for lithium mining exploration in Bolivia.

Vale SA received support from the Brazilian government to obtain lithium mining exploration rights in Bolivia. Brazilian President Luiz Inácio Lula da Silva on August 22, agree to send Brazilian scientists to assist in determining reserves, according to a statement made on that day in Villa Tunari, Bolivia.

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