Chile indigenous communities suspend dialogue with SQM, Codelco over lithium
The four largest indigenous communities in Chile’s Atacama salt flat suspended dialogue with state-run copper giant Codelco and lithium miner SQM over expanding lithium mining in the flat, the groups said in a statement on Monday.
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Tianqi takes another shot at probing SQM-Codelco lithium deal
Chile’s SQM called another investors meeting at the request of its second-largest shareholder, Tianqi Lithium Corp., which seeks greater clarity over a proposed deal with copper giant Codelco.
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SQM profit down 82% as lithium prices slide
Chile’s SQM, the world’s second-largest lithium producer, on Wednesday posted an 82% fall in its fourth-quarter net profit from a year earlier, below forecasts as prices for the key battery metal continued to slide from earlier peaks.
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SQM expands into lithium glut in bet that buyers will return
SQM, the world’s No. 2 lithium producer, is plowing ahead with expansions in an oversupplied market, building stockpiles of the battery metal to be ready when purchasing rebounds.
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SQM profit down 82% as lithium prices slide
Chile’s SQM, the world’s second-largest lithium producer, on Wednesday posted an 82% fall in its fourth-quarter net profit from a year earlier, below forecasts as prices for the key battery metal continued to slide from earlier peaks.
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SQM ties up with Hancock on $1.1bn bid for Azure Minerals
Mining News Pro - Chile’s SQM has teamed up with Australia’s richest person, Gina Rinehart, to make a sweetened A$1.7 billion ($1.14 billion) bid for Australian lithium developer Azure Minerals, the three parties said on Tuesday.
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Codelco chairman still sees lithium agreement with SQM by year
Mining News Pro - Codelco chairman Maximo Pacheco affirmed on Thursday his prediction that Chile’s state-owned copper giant will reach an agreement with lithium miner SQM this year.
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SQM sells green bond to feed EV battery demand
Mining News Pro - SQM, the world’s second-largest lithium supplier, tapped the US investment-grade bond market as it looks to feed growing demand for rechargeable batteries used in electric vehicles.
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Rinehart buys 18% stake in Azure Minerals to block SQM takeover
Mining News Pro - Australia’s richest woman Gina Rinehart’s Hancock Prospecting said on Friday it had acquired 18% of Azure Minerals in a strategic move aimed at deranging Chilean lithium giant SQM’s A$1.63 billion ($1bn) bid for the junior.
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Azure Minerals agrees to $1bn takeover bid from SQM
Mining News Pro - Australia’s Azure Minerals Ltd said on Thursday it had agreed to a takeover offer from Chilean mining giant Sociedad Química y Minera de Chile (SQM), in a deal implying an equity value of A$1.63 billion ($1.03 billion) for the lithium producer.
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SQM’s Salar de Atacama operations become IRMA certified
Mining News Pro - Lithium producer SQM’s operations in the Salar de Atacama salt flat have achieved IRMA certification, it said on Wednesday, meaning all Chile’s lithium mining facilities have now completed the evaluation process preferred by numerous EV manufacturers.
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SQM sees similar lithium prices going forward after earnings dip
Mining News Pro - The CEO of Chilean lithium miner SQM expects prices for the key battery metal to hold steady in the third quarter from the previous one, he said on Thursday, while predicting demand would keep growing.
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Australia’s Azure Minerals rejects $585m takeover bid from SQM
Mining News Pro - Australia’s Azure Minerals said on Tuesday it rejected a buyout bid from Sociedad Química y Minera de Chile (SQM) valuing the lithium developer at A$901.4 million ($584.74 million), sending its shares more than 12% higher.
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SQM to start lithium talks with Codelco in coming weeks
Mining News Pro - Chile’s lithium miner SQM is set to start talks about lithium projects with state miner Codelco in the coming weeks, the firm’s chief executive officer Ricardo Ramos told analysts in a quarterly earnings call on Thursday.
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SQM expects to start talks on lithium with government soon
Mining News Pro - Chilean lithium miner SQM expects to start talks about lithium with Chilean authorities soon, its Chairman Gonzalo Guerrero said in a letter to shareholders Wednesday.
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SQM weighs hard choices in Chile amid $3.7bn share wipeout
Mining News Pro - The Chilean government’s announcement of a new lithium model is giving the nation’s biggest producer some hard choices, and its shareholders a reason to sell.
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SQM gets green light on environmental plan
Mining News Pro - Chile’s environmental regulator said on Tuesday it approved a compliance plan for lithium producer SQM, a step forward for the company’s operations following a years-long sanctioning process for environmental infractions.
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SQM expects strong lithium demand despite price pressures
Mining News Pro - Chilean miner SQM saw demand for lithium soar in the last quarter and expects the trend to continue despite price pressures, its executives said during an earnings call on Thursday.
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SQM profit soars on high lithium prices
Mining News Pro - Chilean miner SQM, a major producer of lithium, on Wednesday reported a near twelve-fold rise in quarterly profit as it benefited from higher prices of the metal used in electric-vehicle batteries.
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SQM files project to cut water, brine extraction in Chile
Mining News Pro - Chile’s SQM (NYSE: SQM) has submitted to the country’s environmental evaluation service (SEA) a $778,000 project to cut its use of freshwater and brine from the Atacama Desert to mitigate the overall impact of its lithium operations in one of the driest places in the world.
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SQM ups ESG agenda with Standard for Responsible Mining audit
Mining News Pro - SQM, the world’s second-largest lithium miner, announced Wednesday the beginning of a third-party audit against the world’s most rigorous standard of best practices in environmental and social responsibility at industrial scale mines: the Initiative for Responsible Mining Assurance (IRMA)’s Standard for Responsible Mining.
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SQM expects lithium prices to jump 50% before year-end
Mining News Pro - SQM, the world’s second largest lithium miner, expects average prices for the battery metal to rise close to 50% in the last three months of the year from the previous quarter, as strong demand for the key ingredient to make electric vehicle batteries continues to put pressure on the market.
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SQM told to resubmit compliance plan as lithium scrutiny grows
Mining News Pro - SQM has been asked to resubmit a compliance plan for extracting brine from a salt flat in northern Chile, a process on which its lithium expansion plans depend.
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SQM shuns fears of higher taxes in Chile, fast-tracks expansions
Mining News Pro - SQM, the world’s no. 2 producer of lithium, doesn’t seem worried about potential higher taxes for miners in Chile, as it is pushing ahead with planned expansion plans in the nation, which is also the world’s top producer of copper.
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Wesfarmers, SQM commit to $1.8bn Mt Holland project
Mining News Pro - Wesfarmers and Sociedad Quimica y Minera de Chile (SQM) have pulled the trigger on the $US1.4 billion ($1.8 billion) Mt Holland lithium project in Western Australia.
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