At Chilean copper mines, local employees no longer need to scan their fingerprints to get access to the facilities. Instead, facial recognition technology is used to reduce risks of infections from indirect contact. This technology comes from the Chinese firm Hikvision. Chile has installed over 700 thermal cameras for towns, mines and hospitals in the capital Santiago and other parts of the country.
Japan's JX Nippon Mining & Metals plans to boost annual copper output at its Caserones mine in Chile by 13% in the next three years, aiming to book an annual net profit by 2022/23, according to President Seiichi Murayama. "We plan to spend $140 million in the development of rare metals in the next three years," he said. JX plans to increase Caserones' annual copper output to 171,000 tonnes by March 2023.
During the first four months of 2020, US exports of agricultural products to Chile increased 4.4% compared to the same period in 2019, totaling $335.3 million, according to a report by the United States Department of Agriculture (USDA). This increase has been driven by a 38.4% increase in exports of bulk products from the US, and a 28.3% increase in exports of intermediate agricultural products.
Chile’s President Sebastian Piñera widened emergency support for middle-class citizens hit by the coronavirus-led economic shutdown to head off legislation that would allow withdrawals from Chile’s private pension funds. Middle-class workers will get a $630 spot payment if their income has dropped at least one-third, regardless of their current employment status.
Liftit, the Colombia-based freight tech startup automating last-mile logistics in Latin America, announced that it had closed a $22.5 million Series B round led by Cambridge Capital, with participation from IFC, monashees, Jaguar Ventures, NXTP Ventures and others. Liftit estimates that the "short distance trucking market" in Latin America is worth $100 billion and growing thanks to accelerating e-commerce penetration of Latin American retail. Liftit currently operates in Chile, Colombia, Brazil, Mexico and Ecuador.