Benavides had previously led Falabella, one of Latin America's largest retailers with operations spanning department stores, supermarkets, malls and more.
Chile Mining News
While lithium today isn’t the linchpin of Chile’s economy (that would be copper), miners are aggressively expanding production.
SQM, world no 3 lithium miner, plans to nearly quadruple capacity in fewer than three years – to the equivalent of 84% of global output last year.
McKinsey asks if the availability and rising prices of cobalt, lithium, copper and nickel will constrain greater electric vehicle penetration.
In a written decision, it said it was "the responsibility of the lower-court judge" who is reviewing the case and was not a constitutional issue.
Chilean miner SQM said on Thursday that it would invest $525 million to boost its lithium production capacity in Chile through 2021.
Chengdu-based Tianqi is seeking to almost triple production capacity through 2020.
There is an emerging oligopoly in one of the hottest elements on the periodic table, lithium.
SQM shares plunge after Tanqi Lithium acquisition seems to indicate cooling fervour for lithium assets.
The Asian firm has bought a 24% stake in Chile’s Sociedad Quimica y Minera (SQM), one of the world’s biggest lithium producers.
Quellaveco is one of the world’s largest untapped copper orebodies and Anglo’s board is set to decide later in the year whether or not to green-light development of the $5.5bn mine.
Roberto Venegasa, an employee of equipment supply firm Finning, died during routine maintenance work at the mine, the company said.
The project joins two mines - one belonging to Goldcorp and the other to Teck Resources.
The mine, behind schedule ever since it began producing in May 2014, has been affected by a series of technical problems in its ramp-up phase, costing its owners hefty impairment charges.
The world’s largest potash miner said it expected to have an announcement on the matter by the end of June.
Australia's Lithium Power International and Canada's Bearing Lithium have sued Chile to block state-run Codelco from exploiting a lithium deposit where both have claims.
The miner said it would take up to three months for stocks to return to normal, which will affect both projected output and sales in the six months ending June 30.
Chinese companies continue to aggressively try securing steady supply of lithium, a key ingredient in the making of batteries that power electric cars.
Kidman Resources has chosen a site in Kwinana, Western Australia with Chilean joint venture partner SQM to develop a lithium processing plant.
Lack of new projects, investment deficit and increasing political risk will hit supply of cobalt, lithium, copper and nickel, key metals for making the batteries that power electric cars.
Australian lithium producer Galaxy Resources said it was evaluating “strategic options” for its project in Argentina, which remains in the feasibility stage.
What the bears seem to have in common is the belief that a rush of new lithium supply will soon hit the market.
Antofagasta’s First Environmental Tribunal decided to reverse a decision that forbade the Dominga copper and iron ore project from going forward.
If China’s Tianqi grabs a stake in Chile’s SQM, the world’s lowest cost lithium miner, it would mean the top three producers would control at least 80% of the total market, Chile’s government has said.
Then Mining Minister said Codelco has to keep up production levels so that it can remain Chile and the world’s No.1 copper miner.