Global exports of Chilean kiwis decreased by 12%

According to the latest Crop Report of the Chilean Kiwi Committee, until week 20 of 2020 total exports have experienced a 12% decrease compared to 2019, totalling 60,623 tons. Europe is positioned as the main market, with the reception of 25,148 tons and an increase of 43% compared to 2019. Growth in shipments to Italy (+91%), the Netherlands (+54%) and France (+63) stand out. However, exports to the Far East decreased by 37%, to Latin America by 24% and to Russia by 51%.

Aftermath Silver to acquire final 20% ownership in the Cachinal Silver Project

Aftermath Silver Ltd. has reached a purchase agreement to acquire from SSR Mining Inc. It will purchase 20% interest in the Cachinal silver-gold project for a total consideration of CH$700,000. On completion of the transaction, Aftermath Silver will own 99.9% of the shares of Minera Cachinal SA, which owns Cachinal. One share will remain held by a Chilean national as per Chilean business law requirements.

Chilean Government will finance science startups with up to $272,000

The Economic Development Agency of the Chilean Government (Corfo) and the Chilean Ministry of Science announced the launch of their startup science programme. Officials are looking for startups with a scientific component to help them grow. Through this initiative, early-stage startups can tap into mentorships and workshops. They can access up to CH$200 million (over US $272,000) in financing.

Unemployment reaches 15.6% in first quarter

According to the survey for Greater Santiago at the Microdata Centre of the University of Chile, the unemployment rate reached 15.6% (469,000 unemployed), its highest level in 35 years and more than double of what it was a year ago (7.6%). In March, 524,000 jobs were lost, compared to December 2019. During this period, the unemployed increased by 173,000 people, while another 351,000 left the workforce.