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 blockades. “Since we do not know how…
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, to local company ON*NET Fibra in a…
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 dating back to military dictator Augusto Pinochet…
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 for the quarter was 65.12 billion pesos…
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 retailers, reported that its overall revenue increased…
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 death of two workers earlier this month,…
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 be necessary as it looks to rein…
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 on Thursday to end a national strike…
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 the company’s board of directors Friday, the…
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 authorities declared an environmental emergency in the…
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 Friday. LATAM, which filed for bankruptcy in…
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 in 2009, has 10 shops in Sao…
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 water, from water treatment and pricey desalination…
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, the country’s central bank said on Monday.…
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 state-owned company’s quarterly production totaled 364,000 tonnes,…
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 press conference. Pacheco, who spoke after a…
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 earlier that cleared a vote in a…
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 statistics agency said on Thursday. This follows…
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 estimate of 1.5% to 2.5% in December.…
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 also include Argentina, Peru, Brazil and Colombia.…
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