jan 1, 1990 - LITHCO receives an invitation from the Bolivian government to extract the resoures of the Uyuni salt flat leaving Bolivians with 8% of the profits

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In 1990, the Lithium Corporation of America (LITHCO—nowadays known as
FMC Corporation) received a direct invitation from the Government to extract
the resources of the Uyuni salt flat. The contract established an investment of US
$40 million with full rights of exploration and exploitation for 40 years.
However, the contract triggered immediate opposition from the communities
and Potosi city organisations. The main arguments focused on the conditions of
the contract and the lack of transparency for the direct invitation to the transnational without an international bid.

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