London-listed Antofagasta plc surpassed $18 billion in market value, more than doubling its value in one year. This increase is mainly due to the boom in copper prices on international markets. A year ago, the firm's papers traded on the London Stock Exchange at £803 (about $1,130), as of Tuesday 23 February they reached £1,838, about $2,600 per paper, a rise of 128% in twelve months.
Latin American power utility AES Gener SA has reached a deal that will see the company part with its stake in its 764-MW coal-fired plant in Chile as it looks to reduce the carbon intensity of its portfolio. AES Gener announced it has agreed to sell its interest of 50% plus one share in Guacolda Energia SpA to industrial electrical technologies provider WEG Group, the current co-owner of Guacolda. The plant accounted for 26% of the seller's coal-fired capacity.
As of 19 February, the pension fund administrators (AFPs) paid out $34,890 billion for the first and second exceptional withdrawals of pension savings. With regard to the situation of funds withheld for alimony debts, to date, the AFPs have disbursed $ 253.8 million.
Exports in 2020 totalled $71.73 billion, recording a 2.6% growth over 2019. The driver of this growth was the mining sector, which recorded an increase of 9.7%, as external sales in Industry fell 5.8%, while Agriculture, fruit, livestock, forestry and extractive fishing fell 6%. Imports came in at $59.03 billion, 15.4% lower than in 2019.
Chile's salmon farmers are responding to rising consumer demand for corporate environmental stewardship, a trend they say has accelerated during the COVID-19 pandemic. A number of Chile's top salmon farmers and their suppliers have recently announced steps to make their operations more sustainable, including Salmones Camanchaca, Multiexport Foods, and netting manufacturer Badinotti Group.