A joint venture controlled by Australian firm Lithium Power International (LPI) has entered into an initial agreement with Japanese trading house Mitsui to develop the Maricunga lithium project in Chile. Mitsui and Minera Salar Blanco, which is 51pc owned by LPI, are working towards an alliance that includes offtake and funding rights for the first stage of the 15,000 t/yr Maricunga lithium project with an expected mine life of 20 years, LPI said.
LATAM Airlines Group has entered into an agreement with Boeing to cancel outstanding orders for four B787-9s and one B777-200F, subject to the approval of the US Bankruptcy Court. As a result of the amendments, LATAM will maintain its purchase orders in respect of two B787-9 aircraft, with proposed delivery dates in December 2021, the Latin American group said in its quarterly financial report.
Engie Energia Chile SA has signed a power purchase agreement (PPA) to supply 100% renewable electricity to Chilean bakery chain Ideal SA. The Chilean subsidiary of France’s Engie SA will supply wind and solar power to meet all of the buyer's current and future demand. Through this PPA, which became effective last month, Engie Chile will help Ideal's branches to avoid the annual emission of approximately 9,000 tonnes of carbon dioxide (CO2), equivalent to planting more than 500,000 trees.
Nokia has been chosen by Movistar Chile to provide equipment from its AirScale portfolio to launch the operator’s 5G network in the country. In addition, Nokia will upgrade Movistar’s 4G and 4G+ networks to strengthen the critical network backbone across Chile’s key markets.
According to iQonsulting's 2020-2021 Blueberry Yearbook, Chile exported more than 20,000 tons of organic blueberries in the previous campaign, a record volume that was 35% higher than the volume it exported in the 2019-2020 campaign. This growth is associated with the entry into force of the System Approach in the Ñuble and Biobio regions, which would be responsible for the large increase in organic exports as its exports increased by 148% going from 2,900 tons in the 2019/20 campaign to 7,182 tons in the 2020/21 campaign.
The third withdrawal of 10% of pension funds has already registered 5.2 million applications and payments of $3.684 billion as of last Friday, according to data from the Superintendency of Pensions. Of the total number of applications, 1.9% have been rejected.
The Internal Revenue Service (SII) received as at 18.00 hours on Saturday over 384,000 applications for the Solidarity Loan amounting to Ch$160.38 billion ($230.63 million). The loan has a real rate of 0 and can be applied for up to 3 times, once a month (continuous or discontinuous) until October 2021.
Chile recorded a $2.04 billion trade surplus in April. The positive balance is mainly due to copper sales, which on Friday surpassed the historic barrier of $4.07 per pound. Exports in April reached $8.11 billion, while imports came in at $6.07 billion. Copper sales in April reached $4.54 billion.
Chile was China's top supplier of imported table grapes with a total import value in excess of $260 million, according to the UN Comtrade database. In terms of volume, imports of Chilean table grapes to China during 2020 were 68% higher than for the number two country, Australia. In fact, Chilean grapes accounted for approximately 44% of China’s total fresh grape imports in 2020. According to the Chilean Fruit Exporters Association (ASOEX), Chile exported 111,487 tons of table grapes to China during the 2019/20 season.
New property sales grew 89% in March compared to the same period in 2020, according to TOCTOC.com's InfoInmobiliario, with 3,060 units sold in Greater Santiago - 2,311 flats and 749 houses. These figures also show an increase in the pace of marketing, representing an increase of 14% over its historical average monthly sales over the last decade. These numbers led the real estate market to close the January-March period with 8,676 units sold, registering an increase of 58% over the same period last year.