President Piñera has signed a new migration law which spent eight years in congress before being passed. This new law replaces one of the oldest immigration laws in Latin America, passed in 1975 during the dictatorship of Augusto Pinochet, when the military regime sought to restrict the entry of migrants. According to Piñera, the objective of this new law "is to put order in our house through an orderly, safe and regular policy that allows legal immigration and combats illegal immigration."
Chile’s copper output is projected to grow by 3.7% to 5,957.1kt, according to data and analytics company GlobalData. This figure is expected to reach 6,702.8kt in 2024, posting a compound annual growth rate (CAGR) of 4%. Over 20 projects are expected to commence operations during this period, of which, seven are under construction and expected to add 641.3kt of copper production capacity.
Chilean startup Lader Energy has commissioned the first solar project that is able to produce 10 thousand liters of water per month from the humidity in the air. The system is based on hydropanels, which combine solar PV energy with solar thermal energy. The hydropanels capture the humidity from the air and, after a condensation process, produce water. In the construction of the first plant, the company invested $250,000.
Statkraft will build three onshore wind power plants with a combined capacity of 102 MW in Chile. The Torsa wind power project is expected to produce more than 300 gigawatt hours (GWh) of renewable energy annually once fully operational by December 2022, enough power to supply 100,000 average Chilean households. Construction of the 19 wind turbines by manufacturer Nordex will start in the second half of 2021, according to Statkraft.
ISA InterChile, a company linked to the Colombian ISA, filed a request for arbitration against the State of Chile before the International Centre for Settlement of Investment Disputes (ICSID), regarding the construction of the Cardones-Polpaico transmission line. The firm hopes that the ICSID will resolve its dispute between the two parties.