Gold Fields has formally started construction of the mining infrastructure for the Salares Norte gold and silver mining project. Construction of the $860 million project is projected to be completed by the end of 2022, with first gold production in early 2023. The project will create around 2,700 jobs during the construction period, while around 900 employees and contractors will be employed once operational.
New home sales in Santiago fell 48.4% in units and 47.1% in thousands of financial units (MUF), due to the COVID-19 pandemic in 2020, according to a GfK Adimark Real Estate Supply report. According to the study, this is the lowest figure in 20 years, comparable only to the impact of the Asian crisis.
Brazil’s largest Bitcoin exchange, Mercado Bitcoin, has announced plans to expand across Latin America. Chile, Mexico and Argentina are among the jurisdictions it will expand into first. Chile is the fifth-largest Latin American country by peer-to-peer Bitcoin trade volume. The strong P2P trade volume suggest there may be significant demand from local traders that is not met by centralized platforms.
Nano One Materials Corp and Associated Universities Inc (AUI) proposed to make nickel-rich cathodes using Chilean lithium carbonate. This proposal was announced as the winning bid by the Corporación de Fomento de la Producción de Chile (CORFO) Council. Now, it has been selected by the Chilean Clean Technology Institute to take its patented One Pot cathode materials production process to Chile.
In order to make permitting more accessible, the Chilean Ministry of Energy made an amendment to the regulation of Law 19.657, on geothermal energy concessions. The law establishes that the request for a geothermal concession can be made through a web platform from May 2021.