DLA Piper represented Giddings Fruit S.A., a Latin American fruit export company, as the borrower in a US$90 million note purchase and guarantee agreement. The notes will be used to finance corporate matters of Giddings Fruit S.A. and its subsidiaries in Chile, Mexico, Peru, the US, England and China.
Codelco's board of directors approved the investment plan for 2020, which will reach $3.65 billion. The state-owned company will allocate that amount to structural projects, continuity projects and mining development programs.
The dollar exchange rate in Chile has risen 17.4% or CH$123.93 since the social explosion in October 2019. This factor has influenced inflation in January (0.6%) and February (0.4%). Another factor in inflation will be the price of oil, which in two days fell 16.8%.
A report from the Ministry of Labour reveals that 191,825 private wage jobs were created in the last 12 months. Of these, 60% corresponded to foreigners and 40% to Chileans.
With a rise of 2.1%, copper closed on Tuesday on the London Metal Exchange (LME) and recovered almost all that it lost on Monday. The red metal closed at $2.53 per pound counted 'grade A', which compares with US$2.48 on Monday - a minimum in 2 years 10 months - and US$2.55 on Friday.