The first clementines from Chile exported to China after the opening of the Asian market to Chilean citrus fruits arrived at the Port of Hong Kong in June on an MSC company ship. Chile is the second largest citrus exporter in the southern hemisphere. While the main destination has traditionally been the U.S., the opening of the Chinese market presents an incredible opportunity for Chile, as it offers an alternative to the country's agricultural industry and opens the way to a potentially significant boost for citrus producing regions to local level.
Aftermath Silver Ltd is poised to bring in $9.56 million via a private placing, with resource investor and gold bull Eric Sprott investing over $4 million. The company intends to use the proceeds for drilling and other technical studies on the Berenguela Silver-Copper project in Peru, and the Challacollo and Cachinal Silver-Gold projects in Chile.
The clementine season has concluded in Chile registering a 3% growth in the exported volume compared to the previous season, totalling 51,792 tons, as reported by the Citrus Committee of Chile-ASOEX. The main destination market for these Chilean citrus fruits was the U.S. where 51,371 tons were shipped, a figure that represents more than 99% of total clementine exports.
Cencosud reported its financial results for the second quarter of 2020, where it stated that the holding's revenues fell 3.4% compared to the same period last year. This fall is explained by the devaluation of the Argentine peso and the Brazilian real, in addition to the closure of stores and shopping centres as a result of the pandemic. The company also reported losses between April and June of $78 million.
The Minister of Finance, Ignacio Briones, announced a bill that aims to improve the "transparency, competition and efficiency" of the state procurement system. This action is a response to the preliminary report "Market Study on Public Procurement" by the National Economic Prosecutor's Office. According to the report, there was a series of shortcomings - especially with regard to competition and transparency - in Chile's public procurement market, along with sliding several recommendations to improve the efficiency and operation of this.