Mainstream Renewable Power has placed an order for the 109 MW Ckani Wind Park, to be located in the Antofagasta region, in Chile. The contract includes the supply and installation of 26 V150-4.2 MW wind turbines, as well as an Active Output Management 5000 service agreement for the operation and maintenance of the wind park over the next 20 years.
Enel Chile, through its renewable energy subsidiary Enel Green Power Chile, has started construction on its new 204 MW Domeyko photovoltaic park, located in the Antofagasta Region. The solar plant is due to be completed by July 2021 and will involve a total investment of $164 million.
Copper gained as investors gauged potential threats to supply from Chile while pricing in more U.S. stimulus spending after the election and steady demand from China. Three-month copper on the London Metal Exchange (LME) added 0.3% to $6,712 a tonne after easing by 0.7% on Tuesday and rebounding about 50% since mid-March.
The Government worked hard to shape the guidelines for the pension reform project being discussed in the Senate's working committee. The design on which work is being done would originate from ChileVamos as a counter-proposal to the proposals presented by the opposition towards the end of July. The distribution of the 6% additional contribution is being considered: allocating 2% to individual accounts, 2% to savings and 2% to insurance. The latter would include longevity coverage, with the aim of ensuring the pension of those who survive the most in the mortality tables.
Freehill Mining says metallurgical testing results confirm that high quality of ore at its Yerbas Buenas magnetite project in Chile. The successful testing of the diamond core from the 2019-2020 drilling has been completed as part of a feasibility study on developing the YB6 target within Yerbas Buenas. A concentrate of more than 62% iron concentrate has been produced using a simple and dry process.