President Sebastián Piñera signed into law an economic aid package for the middle class that includes the delivery of a bonus and an increase in the coverage of the Emergency Family Income (IFE). The total cost of both measures is $6 billion.
Engie Energia Chile SA has signed a four-year agreement to supply 100% renewable power to mining company Cemin Holding Minero. The Chilean utility group will supply 1.48 GWh of certified green electricity per year to meet the demand of the underground gold mine and processing plant Minera Pullalli, located in La Ligua, the Valparaiso region. Thanks to the agreement, the Pullalli operations stand to avoid the annual emission of approximately 1,090 tonnes of carbon dioxide (CO2).
Chile’s copper production fell to its lowest monthly production level for two years as output reached 425,500 tonnes, according to state copper agency Cochilco, 6.9% lower than the 457,200t recorded in January and 5% down on the 448,000t in February 2020.
The Chilean government has urged the mining industry to step up measures to protect staff from the Covid-19 pandemic as the South American country suffers a massive surge in new cases. The number of new coronavirus cases reported daily in Chile has soared to over 8,000, up from 2,000 last December, putting the country's health service under unprecedented strain.
Spanish group Acciona SA has signed a long-term contract to supply 100% renewable energy power to Movistar Chile. Acciona will deliver 108 GWh of clean energy to power 40% of the buyer's total network in the South American country. Movistar Chile will be able to avoid more than 42,400 tonnes of carbon dioxide (CO2) emissions per year. Supply will come from Acciona's 684-MW portfolio of operating wind and solar assets in Chile.
The government agreed to launch a bond and a solidarity loan, which can be applied for up to three times, to support life annuity pensioners. The bond would have a fiscal cost of $50 million, while the solidarity loan would cost the state $133 million.
Chile´s Government decided to tighten the anti-covid-19 measures already in force after 64 cases of the British strain and 45 of the Brazilian ones were detected out of a total of 7,023 new daily cases of coronavirus were reported. Starting this coming Saturday, mandatory lockdowns are to be imposed on a total 198 communes, affecting around 16 million people, which is tantamount to 86% of the country's population.
Johnson Matthey technology has been selected for a first-of-its-kind green hydrogen production plant in Chile. Working in partnership with a lineup of international companies including Siemens Energy and Porsche, the ‘Haru Oni’ pilot project is expected to yield the world’s first integrated, commercial industrial-scale plant for making synthetic climate-neutral fuels (eFuels). Around 750,000 litres of eFuels will be produced as early as 2022.
Capstone Mining intends to advance the cobalt project at Santo Domingo in Region III, Chile, to feasibility. According to the company, the production of battery-grade cobalt sulphate at Santo Domingo is expected to significantly add to the copper-iron-gold project and to maximize the recovery of future facing metals from this rich resource. Capstone's plans could represent a great step forward and an example of Chile's potential to become an important cobalt world producer.
Japan’s Mitsui Mining and Smelting (MMS) has agreed to offload its 0.97% stake in the Collahuasi copper mine in Chile to its parent company, Japanese trading firm Mitsui & Co.The agreement, which forms part of a business portfolio restructuring, will increase Mitsui’s stake in the Collahuasi mine to 12%. The financial terms of the deal were undisclosed. The deal is planned to be completed by the end of March.