The main executives of LATAM Airlines, SKY Airlines and JetSmart met at a conference at the Business Travel Expo, where they talked about their perspectives and plans for 2021. LATAM airlines estimates that it will be operating close to 40% of its total capacity by the end of 2020. SKY Airlines expect to close the year operating at 80% of its total capacity. While Jetsmart estimated to operate in December between 60% to 65% of its capacity in the domestic market and between 15% to 20% in the international market.
Chile exported a total 2.39m tonnes of fresh fruit from January through October 2020, a 5% decrease year on year. Value was also impacted in the first ten months of 2020, dropping by 10% to $4.14 billion. Chile’s fruit exports were led by table grapes with approximately 700,000 tonnes shipped which has decreased 7% in volume and a 17% in value, compared to the same period last year. The US and China were the two biggest destinations.
China halted imports from a Chilean seafood producer as a precautionary measure after detecting COVID-19 on the supplier’s packaging. A nucleic acid test on the packaging of a batch of frozen crab showed positive results, according to the General Administration of Customs. Import applications from Pesquera Isla Del Rey SA will be suspended for one week.
London copper is on track for its best monthly gain in four years, as top consumer China posted upbeat manufacturing growth. Three-month copper on the London Metal Exchange (LME) rose 1.5% to $7,608 tonne, up 13.3% on a monthly basis. The most-traded January copper contract on the Shanghai Futures Exchange climbed as much as 2.8% to 57,180 yuan ($8,694.20) a tonne, a level unseen since December 2017.
Vulnscope is a Chilean company that recruits ethical hackers to look for vulnerabilities in companies that decide to hire its services. According to its founder and general manager, Francisco Correa, the company serves around 85 companies (which include Entel and Coopeuch). Hackers earn money for each insecurity they find, according to the recommendations offered by companies. There is also a ranking of hackers that gives more points to those who find the most fragile systems.
Chile’s senate passed a government-backed bill allowing people to tap their pension savings for a second time. The legislation, which caps withdrawals at $5,678 and will subject some of them to taxation. According to the text, Chile’s pension funds (AFPs) will have as many as 30 business days to provide the money after a contributor requests the cash. The bill is expected to lead to roughly $15 billion in fresh withdrawals. The legislation now moves on to the lower house for fresh debate and votes.
Mas Errázuriz has acquired two 10 t class LHDs of the model LT1051 from Komatsu Mining, to be used in a copper mine in Chile’s Region IV, and replacing competitive equipment. The order is a boost for Komatsu’s underground equipment business in Chile where it still has a relatively small market share. However, it does have a foothold in the future technology side as it already has large hybrid 18HD 18 t class LHD operating at Codelco’s El Teniente underground copper operations.
BHP plans to ramp up work at the ongoing $2.5 billion expansion of its Spence copper mine in Chile, as measures taken to stop the spread of COVID-19 this year set completion of the project back. The world’s biggest miner said it will speed up construction at Spence in December, with first production expected in the first half of 2021.
Teck Resources Limited announced that it's expanding its Copper and Health programme to Chile, partnering with leading national health professionals and academics on a pilot project at the Iquique Hospital. Researchers from Universidad del Desarrollo (UDD) and Núcleo Milenio MICROB-R, with funding from Teck, will conduct a study of copper surfaces and textiles to assess copper’s ability to decrease the incidence of in-hospital infections.
After the gradual opening of borders, a total of 3,983 passengers have entered to Chile through the Arturo Merino Benítez International Airport in Pudahuel, Santiago de Chile, of which 921 were tourists. JetSmart is betting on a similar strategy. JetSmart’s CEO, Estuardo Ortiz, commented that the carrier currently operates 15 destinations, 19 interregional routes and more than 30 domestic routes. By mid-December, new ones will be launched from its base of operations in Antofagasta, Chile-Bogotá, Cali-Colombia, and the resumption of operations from Santiago de Chile-Foz de Iguazú & Salvador de Bahía in Brazil.