Bolivian state lithium firm YLB replaces CEO
Bolivian state lithium miner YLB has named Omar Alarcon the firm's new chief executive, state news channel Television Boliviana said on Monday, replacing predecessor Karla Calderon.
Bolivian state lithium miner YLB has named Omar Alarcon the firm's new chief executive, state news channel Television Boliviana said on Monday, replacing predecessor Karla Calderon.
The Chinese lithium miner posted a net loss of 5.21 billion yuan for the first six months, from a profit of 6.45 billion yuan a year earlier.
Under new management, YPF is instead entirely focused on ramping up production in the Vaca Muerta.
Investment will be used to increase lithium production in Grota do Cirilo by 250,000 tonnes per year.
General Motors has delayed the second tranche of investment in the miner until the end of the year.
Shares in heavily indebted Australian miner slump, but CEO Chris Ellison isn’t panicking.
The Chinese company said it will strictly control spending on future projects.
Enami aims to formalize a public-private partnership by March 2025.
A new crop of startups are working on novel ways of producing the valuable metal.
The miner said it is highly unlikely to take on further buyouts in the next 12 months.