Chile is the first country in South America to release the 6 GHz band to Wi-Fi and only the third country to release the full 1.2 GHz swath of spectrum following the FCC’s decision in April and Korea’s decision last month. As of October 22 the telecom regulator of Chile, Subtel, has formally released the full 6 GHz band to Wi-Fi.
Colbun SA has secured environmental approval allowing it to move forward with its 925-MW solar mega-project in the Antofagasta region in northern Chile. The Inti Pacha complex will consist of three solar farms. However, the utility upped the capacity of the complex by adding more powerful solar modules.
Chilean President Sebastián Piñera said the country’s health regulators had given the go-ahead for clinical trials of AstraZeneca’s COVID-19 vaccine. Piñera said the AstraZeneca trial would follow one by America’s Johnson & Johnson that is already underway and another by China’s Sinovac, whose first vaccine doses arrived in Chile on Wednesday. He also reported that Chile had signed a purchase agreement with Pfizer Inc and Germany’s BioNTech SE for 10 million doses of the vaccine they are jointly developing.
Chaucer Energy announced a new technology called In Situ Gasification (ISG). Chile has embraced ISG as a potential solution to its energy supply problems. Chaucer is offering up to 27.5 million shares at $0.20, with a minimum subscription of $4.5 million and a maximum raise of $5.5 million. The company has identified three potential projects areas in southern Chile and has been granted exploration mining concessions near the town of Maullin as well as two other separate areas in the Magallan Basin: Rio Perez and Isla Riesco.
GeoPark Limited announced its Board of Directors has declared an extraordinary cash dividend of $0.0206 per share for 2020 and a quarterly dividend of $0.0206 per share, both payable on December 9, 2020. In addition, the Board of Directors has approved a buyback programme to repurchase up to 10% of its shares outstanding, or approximately 6,062,000 shares.