The European group decided to increase the capital of its local subsidiary, Eramet Chile. A month earlier, the company had agreed to acquire the Siete Salares project in Chile for the same amount.
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The European group decided to increase the capital of its local subsidiary, Eramet Chile. A month earlier, the company had agreed to acquire the Siete Salares project in Chile for the same amount.
State-owned mining company Codelco will have a majority stake in the new venture to exploit the largest lithium deposit in Chile until 2060. During the first period, SQM will be responsible for the operation.
The operation includes a mine area featuring a concentrator plant with a 140,000-ton daily production capacity, extensive utility infrastructure, coastal port facilities and a water desalination plant.
Topics: Mining- Canadian investment
Read MorePresident Gabriel Boric enacted a law that provides millions of dollars in funding for development outside Santiago.
The Chinese giant will send engineers to our country to choose the location for a development that would cost $290 million.
Foreign companies have shown great interest in participating in the different links of the mineral’s value chain in Chile during meetings with the agency.
Topics: Foreign Investment- Mining- Lithium
Read More“The challenge is for our country to become the world’s main lithium producer, thus increasing its wealth and development,” said the President of Chile, Gabriel Boric.
The Chinese giant was the first company selected after an evaluation process that began in November last year.
The initiative, which is located in the Valparaíso Region, will produce 180 thousand tons of fine copper each year, with a useful life of 26 years.
Topics: Foreign Investment- Mining
Read MoreThe Canadian company, which has operations and projects in Argentina, Brazil, Chile, Portugal, Sweden and United States, will invest US$1.1 billion in 2023.
Topics: Mining
Read MoreThe Chilean mining sector uses social networks for around 88% of its purchases and sales, according to the 2022 Digital Transformation Index (DTI).
Topics: Mining- Technology
Read MoreThe South American country is the world’s second largest lithium producer after Australia and holds approximately 45% of global reserves of this mineral, which means that new business opportunities will undoubtedly emerge over the coming years.
Linked to the Peruvian Hochschild group and listed on the Toronto Stock Exchange, it would be one of the few operations to extract rare-earth elements outside of China.
Topics: Mining- Electromobility
Read MoreThe agreement signed by the Spanish company includes the new expansion phase of the Minera Spence deposit, owned by BHP and located in the municipality of Sierra Gorda in Chile’s Antofagasta Region.
Topics: Mining- Infrastructure
Read MoreThe country’s new 2050 National Mining Policy contains a series of proposals to harmonize mining operations with environmental concerns.
Topics: Mining
Read MoreAsked about their expansion plans, the company that operates the Candelaria mining complex stated that they are awaiting the outcome of royalty payment discussions.
Topics: Mining- Canadian investment
Read MoreThe Salares Norte project is 56% complete and represents the starting point for the mining company in Chile, where it is investing US$30 million a year in new project exploration.
Topics: Mining
Read MoreThe number of desalination plants is increasing, while Chilean companies and foreign investors’ consumption of seawater has been constant. Cochilco also revealed that the sector's share of GDP reached its highest point in the last seven years.
Topics: Mining- Energy- Desalination plants
Read MoreAs a first step, the world’s largest copper producer plans to reach annual production of 7 million tons by 2030 in order to reach its mid-century target of 9 million tons. Foreign investment will be key to achieving these targets.
Topics: Mining
Read MoreThe goal is to provide greater assurances to companies looking to implement this technology in projects that are already under way.
Topics: Mining- Renewables- Green Hydrogen
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