The Chilean government has threatened to invoke a state security law to penalise striking truck drivers blocking arterial routes and damaging supply chains after talks between the two sides broke down. Truckers are on their fifth day of strike action over violence in the country’s south and want a raft of law and order bills fast-tracked through congress.
Manufacturing in Chile fell 7.2% in July due to a decline in food processing amid the impact of the pandemic, according to the government. The National Institute of Statistics (INE) also reported that copper production fell 4.6% year-on-year to 467,913 tons in July. With this figure, the extraction of the metal accumulated a rise of 1.6% between January and July, to 3.3 million tons.
In Chile, the Colina2 gold project was picked up in 2012 by Southern Hemisphere Mining but has spent most of the time since on the backburner until now. Colina2 is now being described as “a new gold discovery” after trenching returned assays grading up to 9.46 grams per tonne gold. The trenching has confirmed the potential for high-grade gold mineralisation of a northeast-southwest trending fault at Colina2. The gold-in-soil anomaly is about 1km long.
Banco Santander Chile's Superdigital App has on-boarded over 100,000 clients in just 5 months since the launch in April of this year. The app has had a strong month-on-month growth due to a series of factors, among them the simple and fast on-boarding process, universal biometric authentication and digital transformation of clients driven by COVID-19. To put the fast and successful growth of Superdigital in perspective, remember that during the first five months of the year, the banking system as a whole opened 34,000 accounts.
Worldwide bitcoin trading volume has decreased by up to 37 per cent compared to last year. However some countries have also registered strong growth in the use of the currency. The decline in trade volumes is particularly sharp in China, Russia and the U.S. However, trade volumes has increased in Argentina, Colombia and Chile.