Ocean Power Technologies (OPT) will deploy its PB3 PowerBuoy ocean energy platform off the coast of Las Cruces, Chile, using remote collaboration tools. OPT has hired marine and underwater services contractor SeaTrepid International to carry out turn-key installation of the PB3 PowerBuoy and oceanographic monitoring system in Chilean waters. The PB3 PowerBuoy will operate as an autonomous offshore platform, powering a suite of oceanographic sensors and transmitting real-time data back to land.
Coding Dojo has been named a strategic partner of the Chilean government for a public-private workforce development initiative, which is accelerating the country's transition to the digital economy by training 16,000 workers with in-demand technology skills. The 5-year programme is designed to address the technical skills gap in Chile. The training is provided to unemployed, low income, and middleclass participants free of charge so they can pursue entry level technical jobs upon graduation.
Two of Chile's top salmon suppliers have said they aren't concerned by the reported high inventory levels building up in Chile, despite market concerns the extra flood of raw material will impact the wider price of Antlantic salmon in the new year. Mowi placed current Chilean frozen inventory levels at 55,000 metric tons, while an analyst with Carnegie Investment Bank said it anticipates between 60,000t and 100,000t of frozen inventory to come from Chile over the next 12 months.
Tesoro Resources has received commitments to raise up to $21 million to support drilling and exploration at the El Zorro Gold Project in Chile. Of the $21 million, $18 million will be raised through a placement which will issue over 66.6 million shares at 27 cents. The remaining $3 million will be raised from a share purchase plan, allowing shareholders to apply for up to $30,000 worth of shares at 27 cents each.
Banco De Chile (BCH) now have 9 analysts covering the stock. The analyst consensus points to a rating of ‘Hold’. The range between the high target price and low target price is between 23 and 16.9 with a mean TP of 20.16. With the stocks previous close at 19.79, this is indicating there is a potential upside of 1.9%.