Lithium Chile closes its $3.5 mn financing

Lithium Chile Inc. has closed its fully subscribed previously announced private placement of units of the Company for gross proceeds of $3.5 million and the 15% option was taken up for gross proceeds to the company of approximately $4.02 million. Each Unit is comprised of one common share of Lithium Chile and one common share purchase warrant.

Indian companies sell military equipment to Chile worth $18.7 mn

The Chilean Navy received an Anchor Handling Towing Supply and Standby Vessel (AHTSSV) ocean support vessel from India's Larsen & Tourbo (L&T) for a value of $11.5 million. India's Kanpur based MKU Limited has also executed a defence contract with Carabineros of Chile for 11,700 Ballistic Helmets with accessories worth $7.2 million. The Indian company is expected to sign a contract extension worth $2.1 million shortly.

Mining prepares for 37 collective negotiations with unions amid copper boom

Mining is preparing to hold 37 collective negotiations with unions in 2021 amid the international copper boom. International copper prices have so far risen by 18%, reaching $4.2 a pound on the London Stock Exchange, their highest price since August 2011. Collective negotiations will involve a total of 16,112 mine workers, according to data from the Mining Council.