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Top related persons:
Gold - 1 Jason Fairclough - 1 Fairclough - 1 BofA - 1 Ivan Alvarado - 1 SANTIAGO - 1 Gabriel Boric - 1 Codelco - 1
Top related locs:
Chilean Norte Quebec Chile Australia Albemarle Indonesia Freeport
Top related orgs:
America - 1 Osisko Mining - 1 REUTERS - 1 Tesla - 1 BMW - 1 Finance - 1 Salares - 1 Thomson - 1

Search resuls for: "Salares"


4 mentions found


☆ Bank of America sees rate cuts propelling gold to $3,000, and this stock is a way to play it
  + stars: | 2024-09-16 | by ( Lisa Kailai Han | ) www.cnbc.com   time to read: +1 min
Bank of America doesn't see gold's rally ending soon and thinks producer Gold Fields could benefit. A key asset for the metal producer is Chilean mine Salares Norte, which could increase growth through near-term gold production. "Salares Norte should be a highly cash generative asset and we think it could account for [about]. BofA also thinks lower Federal Reserve rates can drive gold to $3,000 by 2025. A longer-term catalyst includes Gold Fields' acquisition of Osisko Mining in August.
Persons: Gold, Jason Fairclough, Fairclough, BofA Organizations: America, Osisko Mining Locations: Chilean, Norte, Quebec
☆ Chile's Codelco must kick-start lithium industry while reviving copper output
  + stars: | 2023-06-19 | by ( Fabian Cambero | ) www.reuters.com   time to read: +4 min
At the same time, Codelco wants to boost its output of copper which has slumped to its lowest in a quarter-century. Some analysts have questioned whether the copper company with no experience as a lithium miner can tackle both challenges at once. But industry insiders told Reuters Codelco will probably focus its own resources on copper while negotiating contracts for lithium operations and letting other miners do the work. The sources said the lithium strategy was being led by executives including Jaime San Martin, manager of new business development, known by some within Codelco as "lithium man". "But I think lithium is an excellent opportunity for Codelco to help them navigate their very difficult copper situation."
Persons: Ivan Alvarado, SANTIAGO, Gabriel Boric, Codelco, Reuters Codelco, Albemarle, Jaime San Martin, Alejandro Rivera, Maximo Pacheco, Minera, SQM, Pacheco, Juan Carlos Guajardo, Plusmining, Guajardo, Andre Sougarret, Fabian Andrés Cambero, Alexander Villegas, Adam Jourdan, David Gregorio Our Organizations: REUTERS, Reuters, Tesla, BMW, Finance, Salares, Thomson Locations: Chile, Australia, Albemarle, Indonesia, Freeport, McMoRan, Chile's, Berlin, Beijing, Codelco, Santiago
☆ Chile's state miner launches subsidiaries to manage lithium takeover plan
  + stars: | 2023-05-19 | by ( ) www.reuters.com   time to read: +1 min
SANTIAGO, May 19 (Reuters) - Chilean state miner Codelco, the world's largest copper producer, said on Friday it had created two subsidiaries to run a newly mandated lithium business amid a government plan to increase state control over the industry. The government instructed Codelco in April to begin talks with companies running lithium mining operations in Chile's Atacama salt flats as part of a new lithium strategy that will see the state take majority stakes in all "strategic" projects. As well as talks with the world's two largest lithium miners, Albemarle (ALB.N) and SQM (SQMA.SN), Codelco has also been tasked by President Gabriel Boric's government with developing new alliances. On Thursday, SQM said it expected to begin talks with Codelco in the coming weeks. Reporting by Fabian Andres Cambero; Writing by Sarah Morland; Editing by Jan HarveyOur Standards: The Thomson Reuters Trust Principles.
☆ Gold Fields sees lower 2023 production on Chile project delays
  + stars: | 2023-02-23 | by ( ) www.reuters.com   time to read: +2 min
[1/2] A mine worker walks underground as South Africa's Gold Fields bets on solar to cut costs and carbon, at Gold Fields' South Deep mine, south-west of Johannesburg, South Africa October 12, 2022. Gold Fields said COVID-19 and severe weather were causing the delays at the project, which is expected to produce at least 450,000 ounces of gold per annum in the first seven years of operations. Gold Fields said it would continue to explore opportunities to expand production through acquisitions of both greenfield projects and producing assets, despite its failed bid to buy Canada's Yamana Gold (YRI.TO) late last year. A $202 million break fee payment from the failed bid drove Gold Fields' headline annual profit 19% higher, offsetting cost pressures. Gold Fields declared a final dividend of 4.45 rand ($0.2443) per share, bringing the total payout for 2022 to 7.45 rand.
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