IMF criticizes third AFP withdrawal

The IMF stated that the project for a third withdrawal of 10% of pension funds that is advancing in Chile's Congress is unnecessary, inappropriate and deteriorates the country's pension system. According to the director of the Western Hemisphere in the IMF, the organisation estimates "that a third withdrawal from the pension fund is not necessary and is not the appropriate vehicle to continue deteriorating a structural factor in the pension system."

Chile has 6,335MW of power plants under construction, 94% will be renewable

In the last 6 years, Chile quintupled the capacity generated with solar, wind and hydraulic energy. The Ministry of Energy reports that as of January 2021, there are 6,335MW of power plants under construction. 94% of these plants will generate renewable energy. The vast majority are solar and wind, which according to projections, will be able to cover all the fossil generation that Chile has today in 2040.

H-E Parts wins contract with Codelco to rebuild Salvador Division Komatsu fleet

H-E Parts has been awarded a multi-year, major equipment overhaul contract with Codelco. The contract was awarded to H-E Parts for the rebuild of 23 Komatsu 930E haul trucks, and will be conducted through Rajo Inca, Codelco’s Salvador Division. The contract will be fully managed by the H-E Parts Mining Solutions division based in Antofagasta, Chile.