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 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.
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.
A report by the Ministry of Finance revealed that until May 25, a total of 47,306 state-guaranteed loans have been made for small and medium-sized companies since the benefit began operating on April 30. According to the report, the amount of financing that has been reached is 82.8 million UF, which is equivalent to about $2.9 million.
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.