Chile’s SQM signs long-term contract to supply LG with 55,000 tonnes of lithium

SQM (Sociedad Química y Minera de Chile S.A.) reached a long-term agreement to supply lithium products to LG Energy Solution (LGES). As part of the agreement, which runs from 2021 to 2029, SQM will supply battery-grade lithium carbonate and lithium hydroxide for the production of high-quality cathode materials for EV battery cells. The contract considers a total of approximately 55,000 tonnes of lithium carbonate equivalent.

Appian raises $775mn reaching hard cap for second mining fund

Appian Capital Advisory announces the final close of its second fund ("Fund II"). Fund II was oversubscribed and reached its hard cap of $775m following strong support from both new and existing Tier 1 investors globally. Fund II will invest on a global basis, targeting assets in jurisdictions with proven geology, supportive governments and a robust legal framework including Brazil, Australia, Mexico, Peru, Chile and Canada.

Tesoro continues to expand drilling at El Zorro gold project

Tesoro Resources has reported drilling at its El Zorro gold project in Chile continues to expand the scale of the project and, in particular, the higher-grade zones. The latest assays from the Ternera prospect include 220m at 0.86 grams per tonne gold from 76m down hole, including three higher grade zones — 39m at 2.73g/t, 15.5m at 5.49g/t and 10.8m at 1.44g/t.

Women in business boards increase to 29% by 2020

The participation of women in senior positions in major companies in the country increased to 29% in 2020, according to the Gender Equity Index prepared by the non-profit organisation PROhumana. In the 2020 edition of the index, 12 major companies participated in the index, of which nine had also been in the 2019 version. In 2019, 21% of the total number of directors of the nine companies included that year were women, and in 2020 this percentage increased to 29% in those companies.