Chile court looks at alleged Escondida breaches

A Chilean environmental court will look into the State Defence Council’s (CDE) allegations that Escondida copper mine, the world’s largest, has caused “irreparable damage” to the Punta Negra salt flat, in the northern Antofagasta region. In the lawsuit filed against the mine, majority-owned by BHP the government agency claims Escondida generated, between 1990 and 2017, “continuous, cumulative, permanent and irreparable environmental damage of Punta Negra.”

ENAP announces that its price of benzines will be reduced again

The state oil company ENAP reported that as from this Thursday, as in the previous five weeks, there will be a fall in petrol prices. Fuels of 93 and 97 octanes will register a reduction of CH$6 per litre, respectively. On the other hand, diesel will also lower CH$6 per litre, as well as the liquefied gas for vehicle use that will fall in CH$6 per litre.

95% of companies have implemented telework and 48% for all their workers

A study by the Chilean Safety Association (ACHS) revealed that 95.3% of companies nationwide have workers who work remotely, noting that there are no major differences by industry, size or geographical region. The study, which excludes large corporations, also indicated that 48.6% of the 468 workplaces surveyed - all affiliated with the ACHS - indicated that they have not only implemented telework, but have done so for all of their employees.

Bill prohibiting cutting off basic supplies during state of crisis is approved

The Chamber of Deputies approved and sent to the Senate a bill that prohibits the cut or suspension of basic services, while the state of crisis is extended due to Covid-19. The bill establishes the possibility of prorating basic service accounts that cannot be paid during the state of crisis in up to 12 subsequent, interest-free payments. It also establishes fines for companies that fail to comply with the prohibition on suspending services for months that cannot be paid during the state of crisis.

Chamber passes bill that grants guaranties for company loans

The bill allows banks to grant Covid-19 line of credit for working capital up to US$24 billion. This will be valid until April 2021. The bill relaxes the requirements for accessing these lines of credit, which will have by law a rate that will not exceed the Central Bank's MPR of 0.5% plus 3%, which means that under current conditions the nominal rate should not exceed 3.5% (close to 0% in real terms).