BluGlacier, one of Chile's largest salmon importers to the U.S., announced the debut of its first ever direct-to-consumer brand: OSHĒN. Scheduled to launch on November 1st, OSHĒN will offer a convenient delivery service bringing premium fresh and frozen Chilean salmon to customers' front doors nationwide in completely biodegradable and recyclable packaging playfully designed with witty banter.
Hazel Technologies Inc. announced the launch of operations in Chile, ahead of the ‘20-’21 season. Hazel Technologies is a a USDA-funded technology company that delivers new solutions for the fresh produce industry to extend shelf-life, increase sales, and fight food waste. Starting this October, Hazel Technologies products are available to growers in Chile.
Chilean cherry producers will have a new market from this season after getting the green light to export to Vietnam. For its part, Chile has authorised import of Vietnamese grapefruit. According to Chilean Agriculture Minister, Antonio Walker, "The opening of Vietnam is part of our strategy to expand our market portfolio in case we should have problems in any of our other markets due to the pandemic."
Edgewater Markets announced that top tier bank Banco del Estado de Chile has gone live on Edgewater’s new trading platform, leveraging Edgewater Markets software, EdgeFXLatam. The platform provides Banco del Estado de Chile with customized branded solution for its clients, traders and sales teams, while preserving internal workflows, algorithms and hedging strategies.
Four infill drilling holes completed by Tesoro Resources at its El Zorro project in Chile have intersected multiple gold mineralised zones. The assays from the Ternera prospect have continued to add to the company’s gold inventory. One hole returned 23m at 0.82 grams per tonne gold, including two higher grade intervals. Tesoro managing director Zeff Reeves said these latest results demonstrate the continuity of grade, not only along, but also between the mineralised faults at the Ternera prospect.
Highview Power has entered into a joint venture agreement with Energía Latina S.A.-Enlasa to co-develop giga-scale cryogenic energy storage projects in Chile and other Latin American markets. The joint venture, named Highview Enlasa, will help to open Latin American energy markets to baseload renewable energy potential. Highview Power’s long duration energy storage system are equivalent in performance to thermal and nuclear power.
The Chilean National Economic Prosecutor (FNE) has granted approval to nine companies national maritime cargo freight to establish a joint venture to develop a platform blockchain. The platdform will be called Global Shipping Business Network (GSBN). Its objective is to handle all processes related to maritime cargo such as the issuance of documents and the dispatch of cargo, among other services. It is also expected that the solution will be offered to other companies in the sector and not only to those involved in its development.
Shares of Banco Santander-Chile shot up 5.7% during mid-day trading on Wednesday. The company traded as high as $14.92 and last traded at $14.91. 335,246 shares changed hands during mid-day trading, a decline of 35% from the average session volume of 514,716 shares. JPMorgan Chase & Co. upgraded shares of Banco Santander-Chile from a “neutral” to an “overweight” rating. TheStreet downgraded shares of Banco Santander-Chile from a “c” to a “d+” rating. Zacks Investment Research downgraded shares of Banco Santander-Chile from a “hold” to a “sell” rating.
Copper rose to $7,000 a tonne for the first time since June 2018, helped by hopes of a US stimulus deal, strikes at Chile's mines, expectations of a healthy demand in China and a strengthened yuan.
Anglo American PLC has reported a 24% increase in mineral production in the 3rd quarter compared to the 2nd and is currently operating at roughly 95% of its normal mining capacity as some COVID-19 measures still remain in place.