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
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.
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 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.
The Chilean ambassador to China, Hema, signed an import order for 1 million boxes of Chilean cherries with representatives of Chilean companies. For 2021, Hema promises to make a total of approximately 280 million-yuan-worth of orders from Chile's top ten cherries suppliers, including Copefrut, Prize, and Garces Fruit.
At Gold Field's Salares Norte project in Chile, engineering progress was at 85.3% while construction progress stood at 8.8% in the third quarter. The company states that the project is progressing ahead of the company's plan.