Rio2 completed acquisition of MPSF for $1.5mn

Rio2 Limited announced that it has completed the strategic acquisition of Compañía Minera Paso San Francisco S.A. MPSF owns strategic mining infrastructure and facilities located adjacent to Rio2’s Fenix Gold Project in Chile. MPSF has been acquired by Rio2 for $1.5 million cash from Inversiones Alxar S.A. a subsidiary of Empresas Copec S.A., a large Chilean industrial conglomerate.

Chile’s citrus exports are expected to increase by 6% in 2020

The Chile Asoex Citrus Committee expects citrus exports to increase by 6% in volume in the 2020 season, amounting to 353,000 tons. According to forecasts, the highest increase will be reflected by mandarins, with a variation of +24%, compared to the previous season, followed by clementines with +21%. However, oranges will decrease by 13%, while lemons will not have a significant variation.