Chile's Compañía de Cervecerías Unidas (CCU) announced an investment of $54.7 million in Argentina. The investment will increase the company's productive capacity by 100 percent in the next three years and will generate more than 550 jobs directly and indirectly.
At least 60 parties have so far expressed interest in Chile’s US$1.3bn Kimal-Lo Aguirre line, the most significant transmission project in the country’s portfolio. Preliminary tendering terms and conditions were published this week and draft technical documents are due to be made available from November 23.
Chile's senate approved an increase of the minimum wage from CH$320,500 ($414.31) to CH$326,500 ($422.05). Senators acknowledged that the proposal of the Chilean Government is low, but that is what can be done due the the Covid-19 pandemic. They added that in April the issue will be discussed again.
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.
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.