Ignacio Riva Posse
Servicios Financieros Altis
Quiborax
Deal Type
Company sale
Sector
Energy & Sustainability
Completion Date
31st January 2025
Deal Value
Not disclosed
Company Background
Quiborax is the world’s third-largest producer of boric acid. Its operations are based in the major mining regions of northern Chile, specifically in Arica and Parinacota and Antofagasta. The company holds mining rights to two salt flats (salars), from which it extracts ulexite. Both salars also possess significant potential for lithium production.
Deal Summary
Altis advised Quiborax in structuring a consortium with Eramet and
Codelco for the development of a lithium project in the Ascotán salt flat.
