BluGlacier, one of Chile's largest salmon importers to the U.S., announced the debut of its first ever direct-to-consumer brand: OSHĒN. Scheduled to launch on November 1st, OSHĒN will offer a convenient delivery service bringing premium fresh and frozen Chilean salmon to customers' front doors nationwide in completely biodegradable and recyclable packaging playfully designed with witty banter.
Hazel Technologies Inc. announced the launch of operations in Chile, ahead of the ‘20-’21 season. Hazel Technologies is a a USDA-funded technology company that delivers new solutions for the fresh produce industry to extend shelf-life, increase sales, and fight food waste. Starting this October, Hazel Technologies products are available to growers in Chile.
Edgewater Markets announced that top tier bank Banco del Estado de Chile has gone live on Edgewater’s new trading platform, leveraging Edgewater Markets software, EdgeFXLatam. The platform provides Banco del Estado de Chile with customized branded solution for its clients, traders and sales teams, while preserving internal workflows, algorithms and hedging strategies.
Four infill drilling holes completed by Tesoro Resources at its El Zorro project in Chile have intersected multiple gold mineralised zones. The assays from the Ternera prospect have continued to add to the company’s gold inventory. One hole returned 23m at 0.82 grams per tonne gold, including two higher grade intervals. Tesoro managing director Zeff Reeves said these latest results demonstrate the continuity of grade, not only along, but also between the mineralised faults at the Ternera prospect.
Highview Power has entered into a joint venture agreement with Energía Latina S.A.-Enlasa to co-develop giga-scale cryogenic energy storage projects in Chile and other Latin American markets. The joint venture, named Highview Enlasa, will help to open Latin American energy markets to baseload renewable energy potential. Highview Power’s long duration energy storage system are equivalent in performance to thermal and nuclear power.
The Chilean National Economic Prosecutor (FNE) has granted approval to nine companies national maritime cargo freight to establish a joint venture to develop a platform blockchain. The platdform will be called Global Shipping Business Network (GSBN). Its objective is to handle all processes related to maritime cargo such as the issuance of documents and the dispatch of cargo, among other services. It is also expected that the solution will be offered to other companies in the sector and not only to those involved in its development.
Shares of Banco Santander-Chile shot up 5.7% during mid-day trading on Wednesday. The company traded as high as $14.92 and last traded at $14.91. 335,246 shares changed hands during mid-day trading, a decline of 35% from the average session volume of 514,716 shares. JPMorgan Chase & Co. upgraded shares of Banco Santander-Chile from a “neutral” to an “overweight” rating. TheStreet downgraded shares of Banco Santander-Chile from a “c” to a “d+” rating. Zacks Investment Research downgraded shares of Banco Santander-Chile from a “hold” to a “sell” rating.
Anglo American PLC has reported a 24% increase in mineral production in the 3rd quarter compared to the 2nd and is currently operating at roughly 95% of its normal mining capacity as some COVID-19 measures still remain in place.
Mining company Rio2 has announced that it is expanding its footprint with a new Chile-wide exploration strategy. This new effort is part of the company’s plans to expand its footprint in Chile in addition to the current development of its Fenix gold project in the country. Under the new exploration strategy, Rio2 will explore for precious metals deposits with potential to develop into economic mining operations.
AES Gener has started construction on a 112MW / 560MWh battery energy storage project in Chile, said to be Latin America’s largest such facility to date. The system, also hailed as Chile’s first solar-plus-storage project, will be capable of storing energy generated from nearby solar and wind facilities for up to five hours. AES Gener, the local subsidiary of multinational power generation and distribution firm AES Corporation, will develop the project, to be paired with 253MW of renewable generation.