Naturgy sells Chilean unit to China’s State Grid for $3 bn

Naturgy said on Friday it had agreed to sell 96% of its Chilean utility Compania General de Electricidad to China's State Grid International Development for 2.57 billion euros ($3.04 billion). The all-cash transaction, which is expected to be concluded by the end of February, comes as Chinese firms have increasingly invested in Chilean industries, from … Continue reading Naturgy sells Chilean unit to China’s State Grid for $3 bn

Chile vows to take lithium giant Albemarle to arbitration over royalty spat

Chilean regulators have accused Albemarle of underpaying royalties by $11 million and vowed to take the U.S.-based miner to international arbitration over what they called a breach of its contract with the government. Corfo, which oversees Albemarle’s contract for lithium mining in Chile’s Salar de Atacama, told lawmakers the miner had misinterpreted the part of their agreement that outlines the basis for royalty payments, favoring a too-low commission on its sales.

Chilean government to buy specialized equipment for Pfizer Vaccine

According to Chilean Health Minister, Enrique Paris, the Chilean government will purchase specialized equipment for the Pfizer vaccine against COVID-19 which must be kept at low temperatures. "By the time we receive vaccines purchased from the Pfizer laboratory, we will have the necessary freezing equipment," the health minister said during a press conference. Paris added that part of the equipment will be provided by Pfizer, while the rest will be purchased by Chile.

Healthcare workers go on strike in Chile

Healthcare workers have gone on strike, to demand that the governement and the Ministry of Health fulfill their commitments to those who are on the front line to fight COVID-19. Hundreds of healthcare workers gathered at Baquedano Square, as part of a national stopagge that began on Thursday and will continue through Saturday. The strike, called by the National Federation of Health Workers (FENATS), includes all services of Public Service, Assistance Networks and Primary Health Care and Hospitals.