https://www.miningweekly.com

CFO of world’s top copper miner is moving to job in lithium, not leaving company

10th October 2023

By: Bloomberg

  

Font size: - +

Codelco’s chief financial officer is moving to a new job with responsibility for lithium and not leaving the Chilean state mining giant, according to the company’s chairman.

The world’s No. 1 copper producer abruptly announced Alejandro Rivera’s resignation as CFO on Thursday, saying only that he would be pursuing “other professional challenges".

In an interview Friday, Codelco chairman Maximo Pacheco said that Rivera “will continue working with us in lithium.”

He wouldn’t elaborate on what the CFO’s new job would be, saying only that there would soon be “very good news about his new responsibilities in lithium.”

The Chilean government has given Codelco a lead role in a new public-private model for its lithium industry, under which the state will have a majority stake in areas considered to be of strategic importance.

“Lots of people have mentioned to us that we should not be distracted by lithium,” Pacheco said. “And we’re saying, look, we are not distracted. We have a plan, we have a growth strategy with lithium to partner with private companies in a separate company.”

Edited by Bloomberg

Comments

The content you are trying to access is only available to subscribers.

If you are already a subscriber, you can Login Here.

If you are not a subscriber, you can subscribe now, by selecting one of the below options.

For more information or assistance, please contact us at subscriptions@creamermedia.co.za.

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION