Codelco and SQM have merged their subsidiaries Minera Tarar SpA and SQM Salar SpA to form Nova Andino Litio SpA, a pioneering public-private partnership aimed at lithium production in Chile's Salar de Atacama until 2060.
Target Information
The merger between Minera Tarar SpA and SQM Salar SpA has culminated in the establishment of Nova Andino Litio SpA, a novel public-private partnership in Chile projected to last until 2060, with a majority state participation. This groundbreaking partnership signals a significant milestone in Chile's business history, leveraging state leadership, world-class operational expertise, and modern governance.
NovaAndino Litio is positioned to oversee the complete spectrum of lithium-related activities in the Salar de Atacama, including exploration, extraction, production, and commercialization. This entity consolidates all necessary assets, subsidiaries, international offices, permits, technical knowledge, and human resources, following a restructuring process undertaken by SQM from 2024 to 2025. This merger ensures the continuity of operations under existing contracts with Corfo, securing the operational framework for the upcoming decades.
Access Full Deal Insights
You’re viewing a public preview of this deal. To unlock full access to ca. 50,000 other deals in our database and join ca. 400 M&A professionals who are using it daily, sign up for Dealert.
Industry Overview
Chile is a dominant player in the global lithium market, primarily due to its vast reserves located in the Salar de Atacama. The country boasts some of the highest lithium concentrations in the world
Similar Deals
Codelco
invested in
Nova Andino Litio SpA
in 2025
in a Merger deal