Unionized mine workers in Chile, the world’s top copper producer, warned that health should take precedence over output, one day after state-run Codelco’s unions threatened a walkout at some of its operations. Workers with the Federation of Copper Workers said there had been an “alarming” spike in coronavirus cases at some mines, one week after a miner at the company’s massive Chuquicamata mine died from COVID-19.
A group of Latam Airlines’ bondholders are in talks to offer up to $1.5 billion in a loan to the airline as part of its ongoing financial and debt restructuring process under Chapter 11 of the U.S. Bankruptcy Act. The group of creditors includes Blackrock Inc, Australia’s Macquarie Group, HSBC and Chile’s Moneda Asset Management.
The Senate Chamber approved the report the report issued by the mixed commission that prohibits companies that deliver basic services – water and sewage, electric power, gas and telephony – from cutting off supplies while the Covid-19 crisis spreads in the country. With this approval, the law is ready to be enacted.
Lithium Chile announced that it has closed on the final $745,000 of its previously announced $1,500,000 private placement of units. The Offering was fully subscribed and closing of this final tranche now provides the Company with the necessary funds to move forward on its business and exploration plans. The Company plans to initiate its exploration program on its Carmona gold/silver prospect by the end of the month.
Singapore signed its first digital economy partnership agreement (DEPA), which will see the Republic cooperating with Chile and New Zealand on key emerging issues in the digital economy. The agreement also aims to promote interoperability between the systems of different countries. Under the newly signed DEPA, Singapore businesses can expect improved efficiency, reduced cost, and increased trust when conducting business and trading digitally with overseas partners in Chile and New Zealand.