Chilean electric utility Enel Generacion Chile SA (FRA:EPN) announced this week it has secured a contract with a corporate client to supply 100% renewable energy in Chile over four years. Under the terms of the contract, which is effective as of May 2021, the Chilean subsidiary of Enel will supply energy generated from wind, solar, geothermal and hydropower sources to the client's facilities in central Chile and the Maule region in particular.
South American power company AES Andes SA reported a $266.3 million loss of attributable earnings for the first-half of 2021, after having to recognise significant impairment of assets for committing to close thermoelectric power plants in Chile. In the same period a year ago, the company posted a $137.7million attributable profit.
Volkswagen, Daimler, BASF and Fairphone have initiated a partnership for sustainable lithium mining in Chile. The "Responsible Lithium Partnership" aims to promote the responsible use of natural resources, including lithium, in Chile's Salar de Atacama. The four initiators have commissioned the Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) to coordinate the partnership and set up a so-called multi-stakeholder platform comprising all relevant actors in the Salar watershed – from civil society groups, including indigenous communities, to government institutions and mining companies. According to Volkswagen, the “Responsible Lithium Partnership” started in spring 2021 and has a planned duration of two and a half years.
LATAM Airlines Group said that it had sought to extend the deadline to present its restructuring plan as part of the bankruptcy protection process initiated in 2020 until September. LATAM filed for bankruptcy protection in the United States in May of last year, hammered by the world travel crisis generated by COVID-19. A judge had previously ordered the company deliver its restructuring plan by the end of June, and the company has said it hopes to wrap up the process in 2021.
Shopee, the e-commerce arm of Southeast Asia's Sea Ltd, will launch in Colombia and Chile. The company plans to offer online sales via its website and localised apps. Social media pages for Shopee Colombia and Shopee Chile said the company would offer free shipping in the countries.
EIG Global Energy Partners inaugurated Latin America's first thermal solar plant, a project in Chile's Atacama desert that the country hopes will smooth its path to a low-carbon future. The Cerro Dominador, a $1.4 billion project, will use technology allowing storage of the sun's heat to generate electricity for hours, including at night.
Chilean Metals Inc. (CMX) announced that it has agreed to acquire 100% of the Golden Ivan property from Granby Gold Inc. via a payment of 6,500,000 shares of CMX. The Golden Ivan property consists of 13 mineral claims, all in good standing, for a total area of approximately 797 hectares.
Workers at BHP Group's Spence copper mine in Chile will extend negotiations with the company for a few more days to try to reach agreement on a new contract and avoid a strike at the operation. The union representing 1,100 workers at the mine in Chile's northern Atacama Desert said it hoped to reach an agreement by the end of Thursday.
Statkraft announced that its substation and transmission line project to connect three wind farms in Chile received approval from the O’Higgins region’s environmental agency. Statkraft Chile said it would start construction of three wind power projects totalling 102 MW in the second half of 2021. The company acquired the wind portfolio from Spain’s Torsa Renovables SL. The portfolio consists of the 30-MW Cardonal, the 24.15-MW Manantiales and the 48.3-MW Cerrillos schemes, and is referred to as the Torsa project.
Engie Energia Chile SA has extended its power supply agreement with local copper and gold mining company Minera HMC SA to from 2025 to 2028. The renewed agreement includes contracts for the supply of 100% certified renewable power to the miner's Michilla copper mine and the Tambo de Oro gold mine until December 2028.