Chile rejects Tianqi’s appeal for vote in SQM-Codelco lithium deal
Chile's financial regulator had allowed a planned lithium joint venture between SQM and Codelco to proceed without a vote by SQM shareholders.
Argentina’s mining and energy production, which includes crude oil and natural gas output, services and metal extraction, rose 7.8% in May from a year ago and dipped 0.6% from the month before, the government’s INDEC statistics agency said on Tuesday.
The newly-launched index, a reflection of a push by the government to ramp up the energy and mining sectors to support the main economic engine of farming, saw production rise 10.7% in January through May from the same five months in 2022.
The country’s crude oil production rose 9% in the month on an annual basis, while natural gas dipped 0.8%. Oil and gas services climbed a sharp 24.4%. Metallic minerals meanwhile dropped 17.3% in the month from a year earlier.
(By Walter Bianchi and Carolina Pulice; Editing by David Gregorio)
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