Fitch Ratings has downgraded the Long-Term Foreign Currency Issuer Default Rating from A to A- for Empresa de Transporte de Pasajeros Metro S.A. (Metro) Chile and Empresa de los Ferrocarriles del Estado de Chile (EFE).
Mining company Rio2 has announced that it is expanding its footprint with a new Chile-wide exploration strategy. This new effort is part of the company’s plans to expand its footprint in Chile in addition to the current development of its Fenix gold project in the country. Under the new exploration strategy, Rio2 will explore for precious metals deposits with potential to develop into economic mining operations.
AES Gener has started construction on a 112MW / 560MWh battery energy storage project in Chile, said to be Latin America’s largest such facility to date. The system, also hailed as Chile’s first solar-plus-storage project, will be capable of storing energy generated from nearby solar and wind facilities for up to five hours. AES Gener, the local subsidiary of multinational power generation and distribution firm AES Corporation, will develop the project, to be paired with 253MW of renewable generation.
Maxihost announced that has partnered with PIT Chile, extending its reach in the LATAM region and providing new opportunities for Maxihost international clients looking to access this vital area. By partnering with PIT Chile, Maxihost can now offer clients seeking to conduct business in the region direct access to PIT Chile’s rich ecosystem of 150 carriers and content providers, providing great domestic connectivity as well as high-quality Tier 1 international connectivity.
Freehill Mining has completed the acquisition of the El Dorado project in Chile which directly adjoins its existing flagship 67-million-tonne Yerbas Buenas magnetite operation. Freehill reported extensive rock chip sampling and mapping at El Dorado had led to the discovery of three new mineralised targets.