Chilean manufacturing up 5.3% in September, copper down by 0.8%

Chilean manufacturing ticked up 5.3% and commercial activity was up by 6.3% in September, though the country’s copper output was down 0.8% at 484,768 tonnes, the government statistics agency INE said. INE said the manufacturing uptick was due to a 7.7% year-on-year increase in the production of food products, primarily pork, for the country’s annual independence celebrations in September. The production of alcoholic and non-alcoholic drinks also spiked.

Chile’s Codelco reports 86% leap to $1.124 billion of profits to September

Chile's State-owned miner Codelco, the world's largest copper producer, reported a 86% increase in its profit for the first nine months of the year on Friday, to $1.124-billion, amid an increase in production. The company, which turns over all its profits to government coffers, said production rose 4% year-on-year to 1.165-million tonnes in the first nine months.

Teck’s Andacollo Mine in Chile signs for 100% renewable power

The Carmen de Andacollo copper and gold operation in central Chile, which is 90% owned by Teck Resources, has signed up with AES Gener, a 66.7% subsidiary of AES Corp, for the supply of 72 Megawatts (MW) (550 GWh/year) of renewable energy. The shift to renewable energy will eliminate 200,000 tonnes of greenhouse gas (GHG) emissions annually, the approximate equivalent of taking 40,000 vehicles off the road, at Andacollo.

Total early-stage Entrepreneurial Activity stands above 36% in Chile

Chile and Ecuador have been identified as global leaders in early-stage entrepreneurship by the Global Entrepreneurship Monitor (GEM). In both countries, Total early-stage Entrepreneurial Activity (TEA) stands above 36%. That means over 3.1 million people in Chile and almost 3.4 million people in Ecuador are setting up or in the first three-and-a-half-years of running their own business, based on World Bank population data.