According to Chile's Central Bank, Chilean exports fell 2.4% in the second quarter this year, totalling $16.76 billion. The sectors that saw the biggest drop in exports were agriculture, fruits, livestock, forestry products, and fish and seafood, which fell 18.3%. One exception was mining exports in general, which grew 6.8%.
X-Elio has closed a $40 million non-recourse financing for a 58-MW solar photovoltaic (PV) project in Chile. The loan was signed with Norwegian bank DNB, which acted as sole lead arranger and sole swap provider. Located in the commune of Maria Elena, in the North of Chile, the La Cruz solar plant will be able to generate enough power to meet the demand of 20,000 local homes and offset about 70,000 tonnes of carbon dioxide emissions.
Freehill Mining reports extensive rock chip sampling and mapping at its El Dorado project in Chile has led to the discovery of three new mineralised targets. High-grade iron, copper and gold were present in the rock chip samples. The five-day mapping and sampling program was completed in July. Assays include 9.93% and 4.02% copper, 22.1 grams per tonne and 13g/t gold, and 36% and 29% iron.
In Investing News's "Lithium Reserves by Country" list, Chile was listed as number 1 with 8,600,000 MT. According to Investing News, Chile reportedly holds most of the world’s lithium reserves. Chile's Salar de Atacama hosts approximately 37% of the world’s lithium reserve base.
The fintech dedicated to remittances, Global 66, successfully passed its capital increase and raised $4.3 million. According to founder of the fintech, Tomás Bercovich, the objective was to finance the expansion of the business, taking into account both origins and destinations.