Death toll from Chile’s forest fires rises to 46, president says
(Reuters) – At least 46 people have died from forest fires raging in central Chile, President Gabriel Boric said on Saturday, warning that the death … Read more
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Chile’s SQM suspends operations at lithium salt flats due to blockades
SANTIAGO (Reuters) – Chile’s SQM, the world’s second-largest lithium producer, said it has suspended operations at the Atacama salt flat in Chile due to road … Read more
Protest ends at Chile’s lithium salt flats with promise of Boric visit
SANTIAGO (Reuters) – Protesters agreed to end demonstrations that had blocked access to the Atacama salt flat in Chile, the world’s largest lithium deposit, with … Read more
Chile’s central bank cuts benchmark interest rate to 8.25%
SANTIAGO (Reuters) -Chile’s central bank cut its benchmark interest rate on Tuesday by 75 basis points to settle at 8.25% in a unanimous decision, as … Read more
Moody’s and Fitch say Chile’s polarization, social demands persist after constitution vote
SANTIAGO (Reuters) – A vote in Chile to reject a new constitution on Sunday reduced regulatory uncertainty but does not resolve social discontent or political … Read more
Chile’s economic activity index up 0.3% in October, offset by mining decline
(Reuters) – Chile’s IMACEC economic activity index rose 0.3% in October from the previous year, the central bank said on Friday, slightly below forecasts. Economists … Read more
Chile’s Cochilco says large-scale copper mining costs keep growing
SANTIAGO (Reuters) – The costs of large-scale copper mining in Chile kept rising due to lower production and rising service costs, a report from the … Read more
Chile’s Codelco to meet obligations as financials deteriorate -JPMorgan
SANTIAGO (Reuters) – Chile’s Codelco, the world’s largest copper producer, will meet its financial obligations despite headwinds from a series of operational problems and from … Read more
Chile’s Arauco shuts down pulp plant, cutting around 160 jobs
(Reuters) – Chilean pulp and wood panel maker Arauco said on Tuesday it is halting indefinitely its operations at its Licancel pulp plant due to … Read more
Chile’s economy stagnant in most optimistic scenario for 2023 -cenbank
SANTIAGO (Reuters) -Chile’s central bank on Wednesday lowered the top end of its estimate for the country’s economic performance in 2023, saying it now forecasts … Read more
Chile’s Codelco at risk of insolvency as debt grows, CESCO report says
By Julian Luk LONDON (Reuters) – Chile’s Codelco, the world’s largest copper producer, is at risk of insolvency due to rising costs and a growing … Read more
Chile’s Codelco sees lower copper output, more stoppages in 2023
SANTIAGO (Reuters) -Chile’s state miner, Codelco, on Friday cut its copper output forecast for 2023 and said it expects more halts in production during the … Read more
Chile’s economic activity index down 2% in May
SANTIAGO (Reuters) – Chile’s economic activity index fell for the fourth consecutive month in May, the central bank said on Monday, underscoring the economic headwinds … Read more
Electrical accident at Chile’s El Teniente copper mine leaves one dead
SANTIAGO (Reuters) – An electrical accident at Codelco’s El Teniente mine in central Chile, the company’s largest copper mine, left one dead, the state-owned mining … Read more
Chile’s Codelco must kick-start lithium industry while reviving copper output
By Fabian Cambero SANTIAGO (Reuters) – Chilean President Gabriel Boric, seeking to expand the country’s long-stalled lithium industry, has tasked state-owned Codelco, the world’s largest … Read more
Chile’s state miner launches subsidiaries to manage lithium takeover plan
SANTIAGO (Reuters) – Chilean state miner Codelco, the world’s largest copper producer, said on Friday it had created two subsidiaries to run a newly mandated … Read more
Chile’s lithium giant SQM sees profits dip, despite uptick in prices
(Reuters) -Chile’s SQM, the world’s second-largest lithium producer, said on Wednesday that its first-quarter net profit slid almost 6% compared to the year-ago period to … Read more
Chile’s senate approves mining royalty bill, passes to final vote
SANTIAGO (Reuters) -Chile’s senate approved on Wednesday a long-awaited new mining royalty bill, passing it back to the lower chamber for a final vote that … Read more
Chile’s voters set to take big step in constitution redraft 2.0
By Natalia A. Ramos Miranda SANTIAGO (Reuters) – Chileans will vote to elect 50 constitutional advisers on Sunday, a major step towards rewriting the constitution, … Read more
Chile’s tax reform rejection could raise debt, Moody’s says
(Reuters) – Chile’s rejection of a tax reform put forward by leftist President Gabriel Boric will complicate the country’s process of fiscal consolidation and gradually … Read more
Chile’s Cencosud posts uptick in profits boosted by core business
SANTIAGO(Reuters) – Chilean retailer Cencosud posted a 22% rise in its fourth-quarter profit last year, the company said in a statement on Thursday, boosted by … Read more
Chile’s economic activity starts 2023 on a positive note
SANTIAGO (Reuters) – Chile’s economic activity in January beat market forecasts and put an end to a negative string of four consecutive monthly drops, with … Read more
Chile’s Falabella posts Q4 net loss as key sectors see revenue drop
(Reuters) – Chilean retailer Falabella on Tuesday reported a fourth-quarter net loss of 22.6 billion Chilean pesos ($26.3 million), after posting a net profit of … Read more
Chile’s economic activity falls less than expected in December
SANTIAGO (Reuters) – Chile’s economy performed better than expected in December but still ended 2022 in negative territory as the world’s largest copper producer faces … Read more
Chile’s central bank maintains interest rate at 11.25%
SANTIAGO (Reuters) – Chile’s central bank maintained its benchmark interest rate at 11.25% on Tuesday, as the bank said the country had reached its peak … Read more
Chile’s GDP posts largest quarterly drop in over 2 years as recession fears grow
By Fabian Cambero and Gabriel Araujo SANTIAGO (Reuters) -Chile’s economy shrank in the third quarter at the fastest quarterly rate in more than two years, … Read more
Chile’s Codelco trials fully-electric loader in bid to cut emissions
By Natalia A. Ramos Miranda EL TENIENTE MINE, Chile (Reuters) – A huge fully electric-powered 14-ton loading shovel has begun operating at Chile’s century-old El … Read more
Chile’s Escondida mine workers announce strike amid labor demands
SANTIAGO (Reuters) – Workers of Chile’s Escondida mine, the world’s largest copper mine, decided to go on strike on November 21 and 23 due to labor … Read more
Chile’s Empresas Copec posts 35.5% drop in Q3 net profit
SANTIAGO (Reuters) -Chilean industrial group Empresas Copec on Friday posted a 35.5% decrease in its third-quarter net profit versus a year earlier, mainly driven by … Read more
Chile’s Entel to sell fiber optic assets for $358 million
SANTIAGO (Reuters) – Chilean telecoms giant Entel said on Saturday it would sell the assets of its fiber optic business, which provides services to homes, … Read more
Chile’s constitution vote puts Andean country at historic crossroads
By Natalia A. Ramos Miranda and Alexander Villegas SANTIAGO (Reuters) – Chileans are set for a historic decision on Sunday: stick with a market-friendly constitution … Read more
Chile’s Falabella reports 51.7% decrease in Q2 net profit
SANTIAGO (Reuters) -Chilean retailer Falabella on Tuesday reported a 51.7% year-on-year drop in its second quarter net profit, hit by increased costs. The company’s profit … Read more
Chile’s Cencosud posts Q2 net loss of $21.9 million
SANTIAGO – Chilean retailer Cencosud on Thursday said its net loss in the second quarter was of $21.9 million. Cencosud, one of South America’s largest … Read more
Chile’s Codelco to restart some mining projects after worker deaths
SANTIAGO – Chile’s state-owned Codelco, the world’s top copper miner, expects to gradually restart operations at some of its mining projects on Monday, following the … Read more
Chile’s central bank raises interest rate to 9.75%
SANTIAGO – Chile’s central bank raised its benchmark interest rate to 9.75% on Wednesday, from 9.0% previously, and said it expected more rate hikes would … Read more
Chile’s Codelco and workers reach agreement to end strike
By Natalia A. Ramos Miranda SANTIAGO -Union leaders at Chile’s state-owned mining firm Codelco, the world’s largest copper producer, reached an agreement with the company … Read more
Workers at Chile’s Codelco say strike imminent if investment demands not met
SANTIAGO – Workers at Chile’s state-owned Codelco, the world’s largest copper producer, will go on strike if they do not receive a favorable answer from … Read more
Chile’s Codelco stops smelter for maintenance after environmental incident
SANTIAGO – Chilean state-owned Codelco, the world’s largest copper producer, said on Wednesday that it stopped its Ventanas smelter and refinery to carry out maintenance after … Read more
Chile’s LATAM Air receives backing by unsecured creditors in Chapter 11 exit plan
MEXICO CITY – Chile’s LATAM Airlines received backing by a majority of its unsecured creditors in its Chapter 11 bankruptcy exit plan, the airline said … Read more
Chile’s Cencosud buys Brazilian supermarket chain for $100 million
SANTIAGO – Chilean retailer Cencosud said on Friday it had signed a deal worth around $100 million to acquire Brazilian supermarket chain GIGA. GIGA, founded … Read more
Chile’s parched mines race for an increasingly scarce commodity: water
By Fabian Cambero SANTIAGO – A record-breaking drought in Chile is impacting mining operations and forcing companies to escalate their search for more sources of … Read more
Chile’s economic activity index bolstered by increase in services
SANTIAGO – Chile’s IMACEC economic activity index, a close proxy of gross domestic product (GDP), rose 7.2% in March from the same month last year, … Read more
Chile’s Codelco reports Q1 pre-tax profit of $1.521 billion
(Reuters) – Chilean copper producer Codelco posted on Friday a first quarter pre-tax profit of $1.521 billion, a 7% decrease from the year-ago period. The … Read more
Chile’s Codelco says it is optimistic about copper price for 2022
(Reuters) – Chilean state-owned mining company Codelco is optimistic about copper prices for 2022 boosted by higher demand, its president Maximo Pacheco said on Friday during a … Read more
Chile’s Boric proposes restricted pension withdrawals, citing inflation
SANTIAGO -A new pension withdrawal in Chile was voted down by a congressional committee Tuesday night after President Gabriel Boric submitted a competing proposal hours … Read more
Chile’s February copper production down 7%, manufacturing output dips
SANTIAGO – Copper output in Chile, the world’s largest producer of the metal, fell 7% year on year to 399,817 tonnes in February, the country’s … Read more
Chile’s central bank shrinks GDP growth forecast for 2022
SANTIAGO – Chile’s central bank revised its forecast for 2022 economic growth on Wednesday, dropping it to a range of 1.0% to 2.0% from an … Read more
Chile’s Cencosud reports Q4 net profit of $249 million
– Chilean retailer Cencosud on Thursday posted a fourth quarter net profit of $249 million, boosted by improved revenues in the countries it operates, which … Read more