Chile mining body says new lithium projects needed beyond SQM, Albemarle
By Daina Beth Solomon and Fabian Cambero SANTIAGO (Reuters) – The head of one of Chile’s top mining associations on Tuesday urged the government to speed up efforts to expand the lithium…
Rate hike push slows in July as Chile marks turn of the EM cycle
By Karin Strohecker and Vincent Flasseur LONDON (Reuters) – The pace and scale of interest rate hikes across major developed and emerging economies shifted into a lower gear in July with policy…
Chile to start rate cuts, signaling more across the region
By Fabian Cambero SANTIAGO (Reuters) – Chile is expected to cut its benchmark interest rate on Friday, the first major Latin American economy to do so since a wave of hikes to…
Chile miners, facing higher taxes, seek faster permits, lower energy costs
By Fabian Cambero SANTIAGO (Reuters) – Now that Chile has passed an increase in mining royalties, copper miners are pushing for incentives to keep investing in production of the metal needed for…
Chile govt lowers forecast for 2023 economic growth
SANTIAGO (Reuters) – Chile’s government now expects gross domestic product (GDP) to grow 0.2% in 2023, Finance Minister Mario Marcel told the Senate on Wednesday, revising its forecast down from a previous…
US House Speaker McCarthy threatens to block funding for Chile waiver program
WASHINGTON (Reuters) – U.S. House of Representatives Speaker Kevin McCarthy on Friday threatened to use congressional appropriations to block funding for a U.S. visa waiver program for Chile, blaming rising criminal activity…
Codelco CEO steps down as Chile copper giant faces ‘complexities’
By Fabian Cambero SANTIAGO (Reuters) -The CEO of Chile’s state-owned mining giant Codelco is stepping down after only a year in the role, citing person reasons and “complexities” in running the world’s…
Chile central bank activates counter-cyclical capital buffer
SANTIAGO (Reuters) – The board of Chile’s central bank on Tuesday activated a counter-cyclical capital buffer, setting the measure at 0.5% of risk-weighted assets for one year. The measure, which requires Chilean…
Chile miner Codelco and BHP sign sustainable mining agreement
SANTIAGO (Reuters) – Chile state-owned miner Codelco and multinational miner BHP Group signed a knowledge-sharing agreement on sustainable mining, Codelco said in a statement on Tuesday. The “collaboration accord” sets up a…
Chile peso to hold stable as economic and political worries fade: Reuters poll
By Gabriel Burin BUENOS AIRES (Reuters) – The Chilean peso is set for a period of stability as economic and political worries continue to fade, validating the central bank’s decision to unwind…
Argentina’s lithium pipeline promises ‘white gold’ boom as Chile tightens control
By Lucila Sigal BUENOS AIRES (Reuters) – In Argentina’s mountainous north, a strong pipeline of lithium projects close to coming online looks set to unlock a wave of production that could see…
China EV maker BYD to build $290 million battery component plant in Chile
HONG KONG (Reuters) – China’s BYD Co Ltd, the world’s largest electric vehicle (EV) maker, plans to build a $290 million lithium cathode factory in Chile’s northern Antofagasta region, said Chilean economic…
Chile cenbank boosts GDP forecast for 2023 but lowers 2024 estimate
SANTIAGO (Reuters) – Chile’s central bank on Wednesday improved its expectations for the country’s economic growth this year but lowered estimates for 2024 as high inflation keeps hindering “sustainable” growth. The authority…
Chile economic activity index posts surprise annual fall in February
SANTIAGO (Reuters) – Chile’s IMACEC economic activity index dropped 0.5% in February compared to the same month last year, data showed on Monday, well below the expectations of economists polled by Reuters,…
Foiled multimillion dollar airport heist leaves two dead in Chile
SANTIAGO (Reuters) – A foiled multimillion-dollar heist at Chile’s largest airport left two dead on Wednesday morning, highlighting concerns of rising crime in the Andean nation. Footage widely shared on social media…
Was the poet poisoned? Chile awaits new report on Neruda’s death
(Reuters) – A third inquiry into the death of Chilean poet Pablo Neruda 50 years ago could shed new light on whether he was poisoned by political enemies, as alleged by some…
Chile, Colombia call for extraordinary OAS meeting after Brazil riots
SANTIAGO (Reuters) – Chilean President Gabriel Boric called for an extraordinary meeting of the Organization of American States (OAS) on Monday to address riots in Brazil where supporters of far-right former President…
Chile copper exports total $4.28 billion in December
SANTIAGO (Reuters) – Chile, the world’s top copper producer, saw exports of the red metal reach $4.28 billion in December, down 13.2% from a year earlier, the central bank said on Monday.…
Chile mining royalty bill progresses after committee approves
SANTIAGO (Reuters) – A Chilean congressional committee approved on Wednesday a controversial mining royalty bill, putting it a step closer to final approval as part of the government’s sweeping tax reform. The…
Chile to open embassy in Palestinian territories, says president
By Natalia A. Ramos Miranda SANTIAGO (Reuters) -Chile plans to open an embassy in the Palestinian territories, President Gabriel Boric said late on Wednesday, which could make the Andean country one of…
World Court urges Chile and Bolivia to cooperate on Silala river
By Stephanie van den Berg THE HAGUE (Reuters) -Judges at the World Court ruled on Thursday that Chile and land-locked Bolivia now agreed on previous points of dispute over access to the…
Fonterra divests Chile operations for $641 million to Peru’s Gloria Foods
(Reuters) -New Zealand’s dairy exporter Fonterra Co-operative Group said on Friday that it was selling its dairy operations in Chile to Peruvian firm Gloria Foods in multiple transactions worth about 591.07 billion…
Chile copper production down 4.27% in September – Cochilco
SANTIAGO (Reuters) – Chile’s total copper production fell 4.27% in September to 428,300 tonnes, government body Cochilco said on Thursday. Production from state-owned giant Codelco fell 7.92% on a year-on-year basis to…
Latam Airlines pilots in Chile vote to strike on eve of Chapter 11 exit
By Alexander Villegas and Natalia A. Ramos Miranda SANTIAGO (Reuters) – The largest pilots union of Latam Airlines in Chile voted to strike on Wednesday, a day before the company said it…
Mining giants warn Chile mining royalty would impact investment
SANTIAGO (Reuters) – Mining giants BHP and Antofagasta Minerals said on Wednesday that a mining royalty bill in Chile would affect competitiveness and encourage miners to reevaluate investments. Chile is the world’s…
Scattered clashes in Chile mark third anniversary of riots
SANTIAGO (Reuters) – Scattered clashes around Chile between protesters and police on Tuesday marked the third anniversary of widespread protests against inequality in 2019 that left more than 30 people dead. In…
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