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Fabian Cambero

Chilean lithium producer SQM bullish on white gold demand; shares rise

12 Sep 2019

SANTIAGO Shares in Chilean lithium producer SQM jumped on Wednesday after it announced plans to invest about $2.1 billion in the next five years to strengthen its production amid an expected increase in demand for the ultralight battery metal.

UPDATE 1-Chilean lithium producer SQM bullish on white gold demand; shares rise

12 Sep 2019

SANTIAGO, Sept 11 Shares in Chilean lithium producer SQM jumped on Wednesday after it announced plans to invest about $2.1 billion in the next five years to strengthen its production amid an expected increase in demand for the ultralight battery metal.

Chilean lithium producer SQM bullish on white gold demand

11 Sep 2019

SANTIAGO, Sept 11 Chilean lithium producer SQM expects to invest about $2.1 billion in the next five years to strengthen its production amid an expected increase in demand for the ultralight battery metal, the company told investors in New York on Tuesday.

Chile's president announces water crisis team amid 'intense' drought

05 Sep 2019

SANTIAGO Chile's President Sebastian Pinera on Thursday announced the creation of a working group of government agencies, academics and industry players to tackle the worst drought in 60 years which has spiked this year amid record lows of rainfall.

Chile's Codelco to decide by early 2020 on Maricunga lithium project

30 Aug 2019

SANTIAGO, Aug 30 Chile's state-owned Codelco , the world's top copper miner, will decide by early 2020 whether to pursue a joint lithium project with foreign-backed miner Salar Blanco, a company executive told Reuters on Friday.

Chile's Codelco profits plunge on falling copper price, labor strife

30 Aug 2019

SANTIAGO World top copper producer Codelco saw profits plunge 74% to $318 million in the first half of 2019, the company said on Friday, as the Chilean state miner confronted falling prices globally and labor strife at its flagship Chuquicamata mine in northern Chile.

Chilean retailers suffer as Argentine tourist numbers fall

28 Aug 2019

SANTIAGO The sight of Argentine tourists filling entire suitcases with goods in Chilean shopping malls is no longer as common as it once was.

Teck's Quebrada Blanca copper mine in Chile fined for environmental violations

22 Aug 2019

SANTIAGO Chilean regulators said on Thursday they had fined the sprawling Quebrada Blanca copper mine, controlled by Canadian miner Teck Resources Ltd, for violating the terms of its environmental permits.

Chile to account for costs of climate change in budget

20 Aug 2019

SANTIAGO Chile will begin budgeting for the costs of fighting climate change, Finance Minister Felipe Larraín announced on Tuesday, as receding glaciers and drought put a squeeze on water and natural resources in the world's top copper producer.

Incoming Codelco CEO 'optimistic' on long-term copper price

14 Aug 2019

CHUQUICAMATA, Chile The incoming chief executive of Chile's state copper miner Codelco said he was "optimistic" about the long-term market price of copper despite the global volatility caused by the U.S.-China trade war.

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