The Chamber of Deputies rejected - as it did not obtain the necessary quorum - the authorisation of debt to the treasury for US$4 billion that the Executive was requesting to finance its plan to mitigate the effects of the Coronavirus.
The coronavirus pandemic is hampering U.S. efforts to produce lithium, rare earths and other materials used in electric and high-tech vehicles. Because of the outbreak, some U.S. mining companies have reduced engineering work, environmental reviews and loan applications.
The president of the Confederation of Production and Commerce (CPC), Juan Sutil, announced, together with the presidents of the six branches of the big business, the creation of "a private emergency fund for the health of Chile" to deal with the health crisis caused by the coronavirus. Sutil stated that CH$34 billion ($40.3 million) is already available and that the goal is to reach CH$50 billion ($59.3 million).
The state oil company (ENAP) announced that for the third consecutive week there will be a fall in gasoline prices as from Thursday.
State-run Codelco reported that it will suspend some of its flagship projects for 15 days, as part of measures to prevent the spread of Coronavirus. The projects are the construction of the remaining works of the Chuquicamata Underground Mine Project, the early works of Rajo Inca and the assembly works of Traspaso Andina. According to the mining company, there will be no impact on the production of the respective divisions - which maintain operational continuity with the larger health safeguards - but it will help reduce the number of people circulating in each work center.