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> Exar plans to start constructing a $400 million lithium-brine plant here next year. Eventually reaching [...] about $250 million annually, at today’s prices.
by noam87 10y ago
> Exar plans to start constructing a $400 million lithium-brine plant here next year. Eventually reaching [...] about $250 million annually, at today’s prices.
> By the time the plant is running, Exar will have paid about $250,000 to the indigenous groups. And after that, the six communities would share a total of about $178,000 each year.
> Many indigenous residents were unaware of the contracts, learning about them from Post reporters who were able to review the documents at the provincial mining office.
How much of the problem boils down to education and information asymmetry? -- (e.g fracking here in NA.) -- Terrible contracts signed by small under-educated communities who only later find out they're getting screwed.
I wonder are there organizations that help small communities understand their own bargaining power and long-term impact when structuring such deals?