The CAP group of companies will have a new president and a new board of directors, of which will be made up of three women. CAP announced an investment plan for $459 million for this year. 77% of this investment will go to mining, where the company is developing the Phase V North project in Minas El Romeral.
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.
Pampa Metals Corp. announces that it has signed a Letter of Intent with Austral Gold, whereby Austral will be granted an option to acquire up to an 80% joint venture interest in the Cerro Blanco and Morros Blancos properties. This is in exchange for certain cash payments, exploration expenditures and the cancellation of 2,963,132 shares of Pampa Metals held by Austral's subsidiary, Revelo Resources Corp.
LONGi announced the successful shipment of its high-efficiency Hi-MO 5 solar modules to a 3 MW project in the O’Higgins Region of northern Chile, the first using Hi-MO 5 modules to reach the installation stage. The mainstream two-pallet vertical packing method ensured that the modules arrived at the project site intact after a packaging and transportation process of almost two months.
CAP announced that two of the Group's companies, Compañía Minera del Pacífico S.A. (CMP) and Compañía Siderúrgica Huachipato S.A. (CSH), have both been compensated with the sum of $30 million by their insurers. This is due to the damages suffered as a result of the accident on 21 November 2018 at the Guacolda 2 Port, owned by CMP. The company informed that the amounts indicated will be recognised in the financial statements of CMP and CSH as of 31 March 2021.
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.
Chile has awarded China Railway Construction Corporation (CRCC) a build-concession contract to upgrade and operate a 195km toll highway - the Talca-Chillán section of Route 5. CRCC offered a total concession income of around $1.1 billion in what Chile’s General Directorate of Public Works Concessions said is the first such contract awarded to a Chinese group.
Codelco said it had requested international arbitration with Ecuador and its National Mining Company (Enami EP) over the Llurimagua project. Llurimagua could become the first mine Codelco operates abroad following years of scattershot efforts to expand internationally. The project, about 50 miles (80 km) northeast of Ecuador’s capital of Quito, has faced resistance from a nearby community over environmental concerns.