Chile’s Congress has approved a law to allow the Central Bank to buy bonds issued by the country’s treasury in the secondary market, potentially giving the bank added firepower to help offset fallout from the pandemic. The move represents a shift for Chile. Previously, the Central Bank was prohibited from acquiring debt issued by any state organization or from financing public spending through direct or indirect credit. Finance minister Ignacio Briones said in a statement that the measure was a “tool of exceptional use” that would help ensure the country was better placed to withstand future financial shocks.
Geek+, a global AMR leader, announced expansion into South America with its first robotics project. The project provides smart logistics solutions to Walmart Chile, the largest supermarket chain in the country, with 345 stores distributed across Chile. Mark Messina, COO of Geek+ Americas said: "After successful projects in Mexico & the U.S, we are very pleased to land our first project in South America and accelerate our regional expansion. We are also excited to have been selected by Walmart Chile after a highly competitive tendering process and look forward to providing their operations with more efficiency through our Goods-to-Person system."
Apollo Gold Corp. announced that it has received a National Instrument 43-101 report in respect of the Apollo and Sancarron concessions in Chile. The company agreed to option the Apollo Concessions from Lithium Chile Inc. and Compania Minera Kairos Chile Limitada, a subsidiary of Lithium Chile, pursuant to an option agreement. Apollo can earn up to a 90% interest in the Apollo Concessions by making total payments to Lithium Chile of $1.35 million and incurring an aggregate of $5 million of expenditures over a maximum of 5 years.
CIMIC's global mining services provider, Thiess, has been awarded a mining services contract with Mantos Copper SA at their Mantos Blancos mine, located northeast of Antofagasta in Chile. Thiess will undertake load and haul services, including fleet maintenance, to move low-grade copper ore. Thiess has operated in Chile since 2015, applying industry-leading best practice mining operations, with a safety-first culture and commitment to project delivery.
German development agency, GIZ, is offering to provide technical support to Chilean companies developing green hydrogen projects based on water electrolysis using renewable power. The technical support services will be available to companies and developers of public or private projects that intend to use or produce green hydrogen as energy, either as input or as an alternative to fossil fuels. The support will consist of carrying out pre-feasibility or feasibility studies, expert reviews of the project in any of its phases or specialised consultancy as proposed by the developer or project owner.