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☆ Western lithium, graphite miners boost prices for ESG-friendly supply
▼ + stars: | 2023-11-17 | by ( Ernest Scheyder | Thomson Reuters | Ernest Scheyder Is An Award-Winning Senior Correspondent Covering The Green Energy Transition | ) www.reuters.com time to read: +4 min

REUTERS/Ivan Alvarado/File Photo Acquire Licensing RightsLOS ANGELES, Nov 17 (Reuters) - Western lithium and graphite miners have started charging the electric vehicle (EV) supply chain higher prices for their material, meeting demand for environmentally-friendly and consistent supply that is not linked to China. Lithium, the lightest metal, is used to make a battery's positively charged cathode and prized for its ability to store energy. Miners say the surcharges make investors more comfortable financing new projects, especially as Chinese rivals have been known to sell metals below prevailing market rates. Brazil's Sigma Lithium (SGML.V) has already begun selling its production at prices it says reflects its sustainability. The surcharge talk comes despite recent plunges in a range of lithium prices.

Persons: Ivan Alvarado, Patrice Boulanger, Shaun Verner, Amanda Hall, surcharges, Hugues Jacquemin, Ernest Scheyder, David Gregorio Our Organizations: REUTERS, Washington, China, EV, Panasonic Energy, Miners, Syrah Resources, Department of Energy, Tesla, ESG, Summit, Thomson Locations: Antofagasta region, Chile, China, Los Angeles, Brussels, Beijing, North America, United States, Louisiana, North, South America, Quebec

☆ Mexican president to meet China's Xi at summit in San Francisco
▼ + stars: | 2023-11-14 | by ( ) www.reuters.com time to read: +2 min

Mexico's President Andres Manuel Lopez Obrador and Chile's President Gabriel Boric (not pictured) deliver a statement to the media at La Moneda government palace in Santiago, Chile, September 10, 2023. REUTERS/Ivan Alvarado/File Photo Acquire Licensing RightsMEXICO CITY, Nov 14 (Reuters) - Mexican President Andres Manuel Lopez Obrador will meet with his Chinese counterpart Xi Jinping on Thursday in San Francisco during an Asia-Pacific Economic Cooperation (APEC) summit, Mexico's foreign minister said on Tuesday. Lopez Obrador, who seldom travels outside Mexico, is also scheduled to meet with U.S. President Joe Biden the following day on the sidelines of the APEC meetings. Barcena said Lopez Obrador would also hold a bilateral meeting with Canada on Thursday afternoon, without being more specific. A Mexican official said the meeting would be with Canadian Prime Minister Justin Trudeau.

Persons: Andres Manuel Lopez Obrador, Gabriel Boric, Ivan Alvarado, Andres Manuel Lopez, Xi Jinping, Lopez Obrador, Joe Biden, Alicia Barcena, Xi, Barcena, Lopez, Justin Trudeau, Raul Cortes Fernandez, Dave Graham, Emelia Sithole Organizations: La, REUTERS, MEXICO CITY, Economic Cooperation, U.S, APEC, Foreign, Canada, Canadian, Thomson Locations: Santiago , Chile, MEXICO, San Francisco, Asia, Mexico, China, United States, U.S, Immigration

"These investments are being made in areas with very high growth," Christel Bories, Eramet's chair and CEO, told Reuters. "Lithium is not tied to world economic growth, it's tied to the development of batteries and the energy transition." A $400 million deal with Glencore (GLEN.L) to market lithium from the project's first stage will mostly cover Eramet's financing needs for the next tranche, Bories said. In Chile, meanwhile, the group said it had acquired for an initial $95 million a 120,000-hectare lithium concession in the Atacama region. Reporting by Gus Trompiz, Editing by Charlotte Van Campenhout and Louise HeavensOur Standards: The Thomson Reuters Trust Principles.

Persons: Ivan Alvarado, it's, Bories, Eramet's, Gus Trompiz, Charlotte Van Campenhout, Louise Heavens Organizations: National Reserve, REUTERS, Rights, Reuters, Centenario, BASF, Koniambo, SAS, Thomson Locations: Antofagasta region, Chile, Argentina, Indonesia, Centenario, Atacama, Gabon, China, New Caledonia, SLN

☆ Peru Pan Am medallist rejects hometown award after being 'denied support'
▼ + stars: | 2023-11-09 | by ( Angelica Medina | ) www.reuters.com time to read: +2 min

However, after receiving a diploma and medal at the event, Gutierrez hit out at Mayor Raul Pena before leaving the awards on the floor. After the video went viral, Gutierrez received public praise and a crowdfunding campaign was organised to provide support. "It wasn't my intention for the video to go viral, and I don't need that much money," Gutierrez told Reuters on Wednesday. Gutierrez's bronze was Peru's first medal in canoeing at the Pan Am Games. The country won a total of 32 medals in Chile, including 10 gold, six silvers and 16 bronze medals.

Persons: Peru's Eriberto Gutierrez Robles, Ivan Alvarado, Canoeist Eriberto Gutierrez, Gutierrez, Mayor Raul Pena, " Gutierrez, Peru's, Angelica Medina, Peter Rutherford Organizations: Pan Am, Games, Mayor, Facebook, Reuters, Pan Am Games, Thomson Locations: Los Andes, Chile, Peru, Santiago, Abancay, Mexico City

☆ REVIEW Games-Pan Am Games come to predictable end but face uncertain future
▼ + stars: | 2023-11-06 | by ( Steve Keating | ) www.reuters.com time to read: +4 min

As the Games flame was extinguished and fireworks boomed Santiago handed the baton to Barranquilla, Colombia, who will host the next Pan Ams in 2027. Colombia will stage the 2027 Games but so far no country has expressed interest in bidding for 2031. Chile finished with a best ever total of 79 medals but just 12 were gold, one short of what was taken in Lima. The Games had looked ready to end on a golden high for soccer mad Chile with both the men's and women's teams playing in the championship matches. Brazil, the only other country to pass 200 total medals, finished on 205 with 66 gold followed by Mexico (52/142) and Canada (46/164).

Persons: Ivan Alvarado, Rights SANTIAGO, Pan, Jaime Pumarejo, Gabriel Boric, Thomas Bach, Santiago, Santiago Adolfo Ford, Steve Keating, Simon Cameron, Moore Organizations: Fiu, Pan, Rights, Pan American Games, Parque, Santiago, Pan Ams, ” Barranquilla, Olympic Committee, Olympic Games, Games, Pan Am Sports Organisation, Aires, Brazil, Pan Am Games, Thomson Locations: Cerrillos, Santiago, Chile, United States, Barranquilla, Colombia, El, Lima, Mexico, U.S, Brazil, Canada, Argentina, Cuba

☆ Pfizer can recover from its post-Covid fatigue
▼ + stars: | 2023-10-31 | by ( ) www.reuters.com time to read: +2 min

Pfizer reported plummeting demand for its Covid vaccines and treatments, with an overall revenue decline of over 40% compared to last year, and a $2.4 billion loss that included a $5.6 billion charge for Covid inventory write-offs. Pfizer now thinks 2023 revenue from shots and pills for the disease will total about $12.5 billion, over a 75% decrease from last year. Peers trade at around 5 times sales, and if Pfizer did too its enterprise value would be about $235 billion. Instead it’s almost 20% less, and the stock is worth one-fifth less than it was at the end of 2019. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.

Persons: Ivan Alvarado, It’s, Peers, it’s, What’s, Robert Cyran, John Foley, Aditya Sriwatsav Organizations: Pfizer, REUTERS, Reuters, Covid, X, Vodafone, Thomson Locations: Santiago , Chile, Spain

☆ Lower prices, oversupply to weigh on lithium miners
▼ + stars: | 2023-10-30 | by ( Arunima Kumar | ) www.reuters.com time to read: +2 min

Lithium miners have had a tough year as weak electric vehicle (EV) sales growth led to high stockpiles and sent prices of the metal tumbling down. The Chinese spot battery grade lithium carbonate prices, fell around 45% to 165,000 Chinese Yuan ($22,561.63) per tonne during the July-September quarter. Reuters GraphicsAnalysts also flagged additional supplies from new projects coming online to further weigh on lithium prices. Albemarle is expected to report quarterly results on Wednesday, while smaller rival Livent is scheduled for Tuesday. ($1 = 7.3133 Chinese yuan renminbi)Reporting by Arunima Kumar in Bengaluru; Editing by Krishna Chandra EluriOur Standards: The Thomson Reuters Trust Principles.

Persons: Ivan Alvarado, Raymond James, Pavel Molchanov, Overcapacity, Jefferies, Laurence Alexander, Piper Sandler, Charles Neivert, Kyle Winborne, Arunima Kumar, Krishna Chandra Organizations: REUTERS, Albemarle Corp, EV, Reuters, Reuters Graphics, Thomson Locations: Albemarle, Antofagasta region, Chile, oversupplied, China, Livent, Bengaluru

[1/3] A state oil company PDVSA's logo is seen at a gas station in Caracas, Venezuela May 17, 2019. The restrictions were removed in response to a deal reached between the country's government and opposition parties for the 2024 election. JPMorgan's index team, which has made no statement as yet on the future treatment of the Venezuelan bonds, has reached out informally to investors to discuss the topic, the sources said. Venezuela and PDVSA have around $60 billion of international bonds outstanding, which are in default. The decision on index membership and weighting is taken by JPMorgan, though any changes usually follow consultations with investors.

Persons: Ivan Alvarado, Rodrigo Campos, Jorgelina, Rosario, Karin Strohecker, Christina Fincher, Nick Zieminski Organizations: REUTERS, JPMorgan, Reuters, Thomson Locations: Caracas, Venezuela, United States, PDVSA, Washington

A state oil company PDVSA's logo is seen at a gas station in Caracas, Venezuela May 17, 2019. The United States on Wednesday lifted for six months most restrictions on Venezuela for producing, selling and exporting oil to its chosen markets. Not all sanctions on PDVSA were lifted by the United States. Before sanctions, India and the United States were other top destinations. PDVSA and Venezuela's oil ministry did not immediately reply to requests for comment.

Persons: Ivan Alvarado, PDVSA, Francisco Monaldi, Rice, Nicolas Maduro's, Monaldi, Maduro, Spain's, Joe Biden's, Marianna Parraga, Will Dunham Organizations: REUTERS, Rights, U.S, Treasury's, Foreign Assets Control, Washington, Chevron, Baker Institute, Venezuelan, Citgo Petroleum, Valero Energy, PBF Energy, India's Reliance Industries, Nayara Energy, Italy's Eni, United, Thomson Locations: Caracas, Venezuela, Venezuelan, United States, U.S, Asia, PDVSA, American, CHINA, EUROPE, China, India, PetroChina, Maduro, Washington

A state oil company PDVSA's logo is seen at a gas station in Caracas, Venezuela May 17, 2019. The U.S. on Wednesday lifted most restrictions on Venezuela for six months for producing, selling and exporting oil to its chosen markets. But it is not expected to significantly boost Venezuela's deteriorated oil production or immediately lead to stronger exports. Venezuela can now receive direct payments for goods or services under the license issued by OFAC, which oversees American sanctions. PDVSA and Venezuela's oil ministry did not immediately reply to requests for comment.

Persons: Ivan Alvarado, PDVSA, Washington, Pedro Tellechea, Francisco Monaldi, Rice, Nicolas Maduro's, Monaldi, Maduro, Spain's, Joe Biden's, Marianna Parraga, Will Dunham, Marguerita Choy Organizations: REUTERS, Rights, U.S, Treasury's, Foreign Assets, Oil, OFAC, Washington, Chevron, Baker Institute, Venezuelan, Citgo Petroleum, Valero Energy, PBF Energy, India's Reliance Industries, Nayara Energy, Eni, Thomson Locations: Caracas, Venezuela, Venezuelan, U.S, Asia, PDVSA, United States, American, CHINA, EUROPE, China, India, PetroChina, Houston, Maduro, Washington

☆ Mexico will help, provide oil to Cuba, Lopez Obrador says
▼ + stars: | 2023-10-16 | by ( ) www.reuters.com time to read: +1 min

Mexico's President Andres Manuel Lopez Obrador and Chile's President Gabriel Boric (not pictured) deliver a statement to the media at La Moneda government palace in Santiago, Chile, September 10, 2023. REUTERS/Ivan Alvarado//File Photo Acquire Licensing RightsMEXICO CITY, Oct 16 (Reuters) - Mexico will help Cuba, including providing it with oil, Mexican President Andres Manuel Lopez Obrador said on Monday. Mexico began regularly shipping crude oil to Cuba at the end of the first quarter of this year. "However we can help the people of Cuba, we're going to do it," said Lopez Obrador in a regular press conference. He said Mexico did not have to request permission from any foreign government to aid Cuba, which he said suffered from an "inhumane and unjust" embargo.

Persons: Andres Manuel Lopez Obrador, Gabriel Boric, Ivan Alvarado, we're, Lopez Obrador, Fidel Castro's, Ana Isabel Martinez, Anthony Esposito Organizations: La, REUTERS, MEXICO CITY, Mexico, Thomson Locations: Santiago , Chile, MEXICO, Mexico, Cuba, Mexican, United States

REUTERS/Ivan Alvarado/File Photo Acquire Licensing RightsLONDON, Oct 6 (Reuters) - The copper market will transition from supply-demand balance in 2023 to a major supply surplus next year, the International Copper Study Group (ICSG) said after its meeting in Lisbon this week. However, its assessment chimes with a copper market consensus that Chinese demand has surprised to the upside this year. It has trimmed only very slightly its 2024 global usage growth forecast from 2.8% to 2.7%. Operating constraints and smelter maintenance outages in Chile, Indonesia, Sweden and the United States will cap copper production outside of China this year. It's worth noting that the ICSG's most recent monthly bulletin suggests the global copper market notched up a hefty 215,000-metric ton production surplus in the first seven months of 2023.

Persons: Ivan Alvarado, Everyone's, Andy Home, Susan Fenton Organizations: BHP Billiton's Escondida, REUTERS, Study, Shanghai Metal, Reuters, Thomson Locations: Antofagasta, Chile, Lisbon, China, North America, Europe, United States, Indonesia, Sweden, India

☆ Codelco says reassessing mine costs, will maintain capex
▼ + stars: | 2023-10-06 | by ( Pratima Desai | Julian Luk | ) www.reuters.com time to read: +2 min

LONDON (Reuters) - Chile’s Codelco, the world’s largest copper producer, is reassessing the cost structure at its mine projects, its chairman said on Friday, given recent overruns. FILE PHOTO: The logo of Codelco, the world's largest copper producer, is seen at their headquarters in downtown Santiago, Chile March 29, 2018. The company, which has some of the highest input costs for miners in Chile, said in July direct production costs during the first six months of the year jumped 41.3% to hit about $2.12 per pound, from $1.506 the year before. In response, Codelco said it had a solid financial position and broad access to financial markets. The South American country has the world’s largest lithium reserves.

Persons: Codelco, Ivan Alvarado, Maximo Pacheco, Pacheco, ” Pacheco, Alejandro Rivera, Rivera’s, Rodrigues, Blaine J, Maximo Pacheco’s Organizations: REUTERS, Reuters, London Metal Exchange, for Copper, Mining Studies, Moody’s Investor Services Locations: Santiago, Chile, London, China

☆ Mexico president slams US spending on Ukraine as 'irrational'
▼ + stars: | 2023-10-02 | by ( ) www.reuters.com time to read: +2 min

Mexico's President Andres Manuel Lopez Obrador and Chile's President Gabriel Boric (not pictured) deliver a statement to the media at La Moneda government palace in Santiago, Chile, September 10, 2023. Lopez Obrador has long called on the United States to devote more funds to helping economic development in Central America and the Caribbean in order to ease migratory pressures. "I was just looking at how now they're not authorizing aid for the war in Ukraine," he said. "But how much have they destined for the Ukraine war? The leftist Lopez Obrador has sought to keep Mexico neutral in the war, and criticized western military aid for Kyiv.

Persons: Andres Manuel Lopez Obrador, Gabriel Boric, Ivan Alvarado, Lopez Obrador, Russia's, Dave Graham, Deepa Babington Organizations: La, REUTERS, MEXICO CITY, U.S, Congress, Ukraine, Kyiv, Thomson Locations: Santiago , Chile, MEXICO, Ukraine, Washington, United States, Central America, Caribbean, Mexico, Russia, Russian

☆ 10,000 migrants reach US border daily, highlighting need to address root causes, Mexico says
▼ + stars: | 2023-10-02 | by ( ) www.reuters.com time to read: +1 min

[1/2] Mexico's President Andres Manuel Lopez Obrador and Chile's President Gabriel Boric (not pictured) deliver a statement to the media at La Moneda government palace in Santiago, Chile, September 10, 2023. Some 6,000 people are entering southern Mexico daily, Lopez Obrador said, and even higher numbers have been reaching the U.S.-Mexico border. "Last week, 10,000 migrants reached the northern border every day," Lopez Obrador said at his regular morning press conference. In September, the number of migrants encountered at the U.S.-Mexico border was on pace to approach, or surpass, previous monthly highs. Lopez Obrador emphasized officials must address root causes driving migration, including people's need to find work and improve their living conditions.

Persons: Andres Manuel Lopez Obrador, Gabriel Boric, Ivan Alvarado, Lopez Obrador, Laura Gottesdiener, Raul Cortes, Aurora Ellis Organizations: La, REUTERS, Rights, U.S, Sunday, Thomson Locations: Santiago , Chile, Rights MONTERREY, Mexico, U.S, Mexican, Chiapas, Monterrey, Mexico City

☆ Supervisors at Chile's Escondida mine preparing to strike, union says
▼ + stars: | 2023-09-29 | by ( ) www.reuters.com time to read: +1 min

File Photo: A view of the BHP Billiton's Escondida, the world's biggest copper mine, in northern Chile, in Antofagasta, Chile March 31, 2008. Though the sprawling Escondida mine could continue to operate even if supervisors walked off the job, a strike could lead to production bottlenecks or slowdowns. "I have no doubt that the strike will win," union head Alexis Barrera said in an interview, adding that nearly all members have already cast their votes. The union accuses BHP of looking to reduce benefits and production bonuses while extending working hours. Chile's powerful Union 1 workers' union said it would stand in solidarity with the Escondida supervisors and ensure that no "illegal replacements" came on the job in the event of a work stoppage.

Persons: Ivan Alvarado, Alexis Barrera, Barrera, Escondida, Fabian Cambero, Kylie Madry, Rami Ayyub Organizations: BHP, Escondida, REUTERS, Rights, Thomson Locations: Chile, Antofagasta

☆ Chile's Codelco to meet obligations as financials deteriorate -JPMorgan
▼ + stars: | 2023-09-26 | by ( ) www.reuters.com time to read: +2 min

The logo of Codelco, the world's largest copper producer, is seen at their headquarters in downtown Santiago, Chile March 29, 2018. REUTERS/Ivan Alvarado/File Photo Acquire Licensing RightsSANTIAGO, Sept 26 (Reuters) - Chile's Codelco, the world's largest copper producer, will meet its financial obligations despite headwinds from a series of operational problems and from high levels of debt and investments, JPMorgan said on Tuesday. Codelco's copper production fell in 2022 to its lowest level in 25 years, exacerbated in part by delays to key projects for extending the lives of its mines. The company cut its production estimate for this year to between 1.31 billion and 1.35 billion metric tons of the red metal. Earlier this month, Codelco's Chairman Maximo Pacheco told lawmakers that the company was "financially solid" and described CESCO's forecast as "nonsense."

Persons: Ivan Alvarado, Codelco, Ian Snyder, Maximo Pacheco, Natalia Ramos, Marguerita Choy Organizations: REUTERS, Rights, JPMorgan, Chile's, for Copper, Mining Studies, Thomson Locations: Santiago, Chile

☆ Chile raises alert for Villarrica volcano to amber
▼ + stars: | 2023-09-24 | by ( ) www.reuters.com time to read: 1 min

A general view of the Villarrica volcano seen from Villarrica area, Chile, December 1, 2022. REUTERS/Ivan Alvarado/File Photo Acquire Licensing RightsSept 24 (Reuters) - Chile's National Geology and Mining Service, Sernageomin, on Sunday raised the alert level for the Villarrica volcano from yellow to amber, citing a gradual increase in volcanic activity. One of South America's most active volcanoes, Villarrica has a 200 meter-wide open crater and last erupted in 2015, sparking a mass evacuation but ultimately no injuries. An amber alert means there is a greater probability that an eruption will take place in the coming days or weeks. Reporting by Oliver Griffin in Bogota Editing by Matthew LewisOur Standards: The Thomson Reuters Trust Principles.

Persons: Ivan Alvarado, Oliver Griffin, Matthew Lewis Organizations: REUTERS, Mining Service, Thomson Locations: Chile, Bogota

☆ Mexican president to skip U.S.-hosted summit, floats Washington meeting with Biden
▼ + stars: | 2023-09-21 | by ( ) www.reuters.com time to read: +2 min

[1/2] Mexico's President Andres Manuel Lopez Obrador and Chile's President Gabriel Boric (not pictured) deliver a statement to the media at La Moneda government palace in Santiago, Chile, September 10, 2023. "I'm not going to attend the San Francisco one because we don't have relations with Peru," Lopez Obrador said, speaking at a regular government press conference. Just last month Lopez Obrador said he intended to be at the APEC event and would hold talks with Biden there. The U.S. will be the chair of the summit in San Francisco. Lopez Obrador said he would discuss migration, drug trafficking, violence and trade with Biden.

Persons: Andres Manuel Lopez Obrador, Gabriel Boric, Ivan Alvarado, Joe Biden, Lopez Obrador, I'm, Biden, Lopez Obrador's, Pedro Castillo, Jake Sullivan, Lopez, Andrea Shalal, Dave Graham Organizations: La, REUTERS, U.S, Economic Cooperation, APEC, Peruvian, Canada, White House, Mexico City, Thomson Locations: Santiago , Chile, MEXICO, San Francisco, Washington, Asia, Peru, Francisco, U.S, San Francisco . Mexico, United States, Lima, Americas, Los Angeles, Cuba, Venezuela, Nicaragua, White, Mexico, Gulf of Mexico

Fifty years after a 1973 coup in Chile that ushered in 17 years of brutal military rule and saw some 40,000 people imprisoned, disappeared, tortured or killed, Reuters went with five former political prisoners to the sites of their confinement. Carlos Gonzalez was arrested and tortured by Pinochet's secret police in 1976 at the age of 28. For months he was held in detention centers, including the Tres Alamos and Cuatro Alamos political prison camps in Santiago. Chile returned to democracy in 1990, though Pinochet himself was never convicted of a crime and died in 2006. Reporting by Ivan Alvaredo and Natalia Ramos; Editing by Adam Jourdan and Rosalba O'BrienOur Standards: The Thomson Reuters Trust Principles.

Persons: Viola, Carlos, Alejandra, General Augusto Pinochet, Carlos Gonzalez, Gonzalez, Salvador Allende, Pinochet, Alejandra Holzapfel, Ingrid Olderock, Holzapfel, Viola Todorovic, Ivan Alvaredo, Natalia Ramos, Adam Jourdan, Rosalba O'Brien Organizations: Reuters, Tres, Cuatro, Valech, MIR, Londres, Thomson Locations: Chile, Tres Alamos, Cuatro Alamos, Santiago ., Santa Lucia, Santiago

☆ Chile Political Prisoners Reclaim Torture Sites to Preserve Coup Memory
▼ + stars: | 2023-09-09 | by ( Sept. | At A.M. | ) www.usnews.com time to read: +4 min

Fifty years after a 1973 coup in Chile that ushered in 17 years of brutal military rule and saw some 40,000 people imprisoned, disappeared, tortured or killed, Reuters went with five former political prisoners to the sites of their confinement. Carlos Gonzalez was arrested and tortured by Pinochet's secret police in 1976 at the age of 28. For months he was held in detention centers, including the Tres Alamos and Cuatro Alamos political prison camps in Santiago. They beat you before asking you anything, you couldn't breathe," he told Reuters at another former detention center, the Clinica Santa Lucia. Chile returned to democracy in 1990, though Pinochet himself was never convicted of a crime and died in 2006.

Persons: Ivan Alvarado, Natalia A, Ramos Miranda SANTIAGO, Viola, Carlos, Alejandra, General Augusto Pinochet, Carlos Gonzalez, Gonzalez, Salvador Allende, Pinochet, Alejandra Holzapfel, Ingrid Olderock, Holzapfel, Viola Todorovic, Ivan Alvaredo, Natalia Ramos, Adam Jourdan, Rosalba O'Brien Organizations: Reuters, Tres, Cuatro, Valech, MIR, Londres Locations: Chile, Tres Alamos, Cuatro Alamos, Santiago ., Santa Lucia, Santiago

☆ Ukraine war brings surge in global use of cluster bombs
▼ + stars: | 2023-09-05 | by ( Emma Farge | ) www.reuters.com time to read: +3 min

Cluster munitions, fired from the ground or by aircraft, explode mid-air, spraying smaller 'bomblets' over a wide area. Neither Russia nor Ukraine is a party to the ban, nor is the United States, which began supplying cluster munitions to Ukraine this year. In Ukraine, the report said Russia had used cluster munitions "repeatedly", while Ukraine had also used them, but to "a lesser extent". The report covered last year, and therefore excludes this year's use by Ukraine of U.S. cluster munitions, which Kyiv began receiving in July. It also said its cluster munitions leave behind far fewer unexploded bomblets than those used by Russia.

Persons: Ivan Alvarado, Mary Wareham, Washington, Emma Farge, Peter Graff Organizations: REUTERS, Rights, Cluster Munitions Coalition, Human Rights Watch, Kyiv, Russian, Thomson Locations: Ukraine, Kharkiv, Russia, United States, Geneva, Kyiv, Moscow, U.S, Myanmar, Azerbaijan, Iraq, Laos, Lebanon, Syria, Yemen

☆ Chile's Codelco to hand over 24,000 hectares for glacier park
▼ + stars: | 2023-09-04 | by ( ) www.reuters.com time to read: +1 min

An aerial view of Olivares glacier in the Andes Mountain range, near Santiago city, Chile November 17, 2014. REUTERS/Ivan Alvarado/File Photo Acquire Licensing RightsSANTIAGO, Sept 4 (Reuters) - Chilean state-owned mining firm Codelco will give up some 24,000 hectares of land it holds concessions to near the Andes mountain range for a new national glacier park, the chair of the board announced on Monday. The move is "a strategic initiative to face the challenges of climate change," Codelco chair Maximo Pacheco said at an event. The glacier park sits along the upper part of the Olivares and Colorado river basins, to the east of the capital. Reporting by Fabian Andres Cambero; Writing by Valentine Hilaire; Editing by Josie KaoOur Standards: The Thomson Reuters Trust Principles.

Persons: Olivares, Ivan Alvarado, Codelco, Maximo Pacheco, Maximiliano Proano, Fabian Andres Cambero, Valentine Hilaire, Josie Kao Organizations: REUTERS, Rights, Thomson Locations: Santiago city, Chile, Chilean, Santiago, Colorado

☆ Lithium miners’ $4.3 bln dance is a two-way hedge
▼ + stars: | 2023-09-04 | by ( ) www.reuters.com time to read: +2 min

Albemarle's Chile country manager Ignacio Mehech shows an illustration of brines purification process to obtain lithium carbonate at their lithium plant placed on the Atacama salt flat, Chile, May 4, 2023. REUTERS/Ivan Alvarado Acquire Licensing RightsMELBOURNE, Sept 4 (Reuters Breakingviews) - On the surface, offering a near-100% premium for an as yet unproductive lithium miner may seem over the top. Dig down a bit, though, and U.S.-based Albemarle’s (ALB.N)A$6.6 billion($4.3 billion) sweetened all-cash offer on Monday for Australian rival Liontown Resources (LTR.AX) has financial merit, as well as offering each side a handy hedge. A plan by Chile’s government to nationalise lithium resources adds more reason for the deal. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.

Persons: Ignacio Mehech, Ivan Alvarado, Albemarle, Kathleen, Antony Currie, Pernod Ricard, Una Galani, Thomas Shum Organizations: REUTERS, Rights, Reuters, Liontown Resources, Alpha, X, Thomson Locations: Chile, U.S, Western Australia, EBITDA, Albemarle

☆ Fifty years since coup, Chile seeks answers about its disappeared
▼ + stars: | 2023-08-30 | by ( Natalia A. Ramos Miranda | ) www.reuters.com time to read: +3 min

[1/4] Relatives of missing people and activists hold a march to mark the International Day of the Victims of Enforced Disappearances, in Santiago, Chile August 30, 2022. There are 1,469 people who were victims of forced disappearance, of which 1,092 were detained and disappeared, while 377 were executed and their remains never returned. The searches have normally, at best, led to families being given bone fragments identified as their kin who disappeared. Daily briefings made to then-U.S. President Richard Nixon on Sept. 8 and Sept. 11, 1973, were declassified earlier this week, which show how he was briefed on Chile's unfolding coup. Reporting by Reporting by Natalia Ramos and Reuters TV; Editing by Adam Jourdan and Sandra MalerOur Standards: The Thomson Reuters Trust Principles.

Persons: Ivan Alvarado, Rights SANTIAGO, Salvador Allende, Gabriel Boric, General Augusto Pinochet, Juana Andreani, Pinochet, Richard Nixon, Carlos González, Natalia Ramos, Adam Jourdan, Sandra Maler Organizations: REUTERS, Rights, Ministry of Justice, Reuters, Forces, Armed Forces, Thomson Locations: Santiago , Chile, Chile, Argentina, Brazil, Uruguay, United States

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