CORFO

The New Chilean National Lithium Policy

Retrieved on: 
Monday, April 24, 2023

On the evening of 20 April 2023, Chilean President Gabriel Boric announced the long awaited National Lithium Policy (“NLP” or the “Policy”).

Key Points: 
  • On the evening of 20 April 2023, Chilean President Gabriel Boric announced the long awaited National Lithium Policy (“NLP” or the “Policy”).
  • Lithium Power International’s Director and MSB’s Chairman, Russell Barwick, commented:
    “We are pleased that the National Lithium Policy, as presented last week in Santiago, is very much along the lines of what was discussed and expected in our various discussions with Chilean authorities.
  • Rather than focus on what the legislation means for the future of the Chilean lithium industry, our focus is on what it means for our Maricunga lithium project and how it will transform the Chilean lithium industry through its development.
  • At LPI, we welcome President Boric’s National Lithium Strategy and its objective to positively transform the Chilean lithium industry.

SQM REPORTS EARNINGS FOR THE TWELVE MONTHS ENDED DECEMBER 31, 2022

Retrieved on: 
Thursday, March 2, 2023

SANTIAGO, Chile, March 2, 2023 /PRNewswire/ -- Sociedad Química y Minera de Chile S.A. (SQM) (NYSE: SQM; Santiago Stock Exchange: SQM-B, SQM-A) reported today earnings for the twelve months ended December 31, 2022, of US$3,906.3 million (US$13.68 per ADR), an increase from US$585.5 million (US$2.05 per ADR) for the twelve months ended December 31, 2021.

Key Points: 
  • Earnings per share totaled US$13.68 for the first twelve months ended December 31, 2022, significantly higher than the US$2.05 reported for the same period of 2021.
  • Revenues for the twelve months ended December 31, 2022, were US$10,710.6 million.
  • During the twelve months ended December 31, 2022, contributions to the Chilean treasury surpassed US$5.0 billion.
  • Revenues totaled US$10,710.6 million for the twelve months ended December 31, 2022, representing an increase of over 274% compared to US$2,862.3 million reported for the twelve months ended December 31, 2021.

SQM REPORTS EARNINGS FOR THE THIRD QUARTER OF 2022

Retrieved on: 
Thursday, November 17, 2022

Earnings per share totaled US$9.65 for the first nine months of 2022, higher than the US$0.92 reported for the first nine months of 2021.

Key Points: 
  • Earnings per share totaled US$9.65 for the first nine months of 2022, higher than the US$0.92 reported for the first nine months of 2021.
  • SQM will hold a conference call to discuss these results on Thursday, November 17, at 10:00am ET (12:00pm Chile time).
  • The Company also announced earnings for the third quarter of 2022, reporting net income of US$1,099.9 million (US$3.85 per ADR) compared to US$106.1 million (US$0.37 per ADR) for the third quarter of 2021.
  • Gross profit for the third quarter of 2022 reached US$1,632.7 million, higher than the US$224.8 million recorded for the third quarter of 2021.

St. Stephen Organic Vineyards Wins CORFO Regional Program of Support for Entrepreneurship for Marketing Innovation

Retrieved on: 
Tuesday, December 18, 2018

SAN JOS, Calif., Dec. 18, 2018 /PRNewswire/ -- St. Stephen Vineyards, LLC (SSV) today announced the company was named winner of the Chilean government's 2018 CORFO Regional Program of Support for Entrepreneurship (PRAE) for marketing innovation.

Key Points: 
  • SAN JOS, Calif., Dec. 18, 2018 /PRNewswire/ -- St. Stephen Vineyards, LLC (SSV) today announced the company was named winner of the Chilean government's 2018 CORFO Regional Program of Support for Entrepreneurship (PRAE) for marketing innovation.
  • CORFO is a Chilean government agency, part of the Ministry of Economy, dedicated to the promotion of innovation, entrepreneurship, and technology.
  • St. Stephen Organic Vineyards submitted a detailed project outlining work to investigate, identify, and test both conventional and alternative marketing channels for small and medium sized Chilean vineyards to enter the US Market.
  • St. Stephen Vineyards, LLC is based in San Jos, CA and imports and distributes St. Stephen wine in the United States.