The Supreme Court accepted a lawsuit filed by an indigenous group against BHP Group's Cerro Colorado copper mine in the Tarapacá Region. The Court ruled that the permits for an expansion did not adequately consider the environmental impacts and resources of the community. Cerro Colorado is working on compliance with the measures required by the Environmental Tribunal before the Environmental Evaluation Service.
The board of directors of Clínica Las Condes (CLC) has decided to initiate legal action against the Treasury, accusing them of damages caused by government measures regarding the COVID-19 pandemic. "Fonasa has not paid any money for patients with COVID-19 referred through the Centralised Bed Management Unit (CBMU) in Minsal, nor for those patients with or without COVID-19 who spontaneously consulted our emergency service in response to the pandemic," the clinic explained.
Employees from the Enel Generacion Electricity Company went on strike to reject what they consider to be an inadequate proposal by the company. Mauricio Ramirez, president of the Enel Generacion Union, said that 96.7% of participants in the assembly decided to go on strike.
Grenergy Renovables S.A., with Natixis as Sole Lead Arranger, Hedge Provider, LC Issuing Bank and Administrative Agent, have successfully closed senior secured facilities totalling $91 million for an expected 130 MW portfolio of 14 solar photovoltaic ("PV") plants in Chile. The Grenergy portfolio consists of solar projects that will operate under Chile's special regime for distributed generation projects (known as "PMGD").
Masisa reduced its debt from $480 million in June to $160 million to date, thanks to the sale of forestry assets. In June 2020, the company sold forestry assets in Chile for $350 million. The company also plans to expand its presence in Asia, entering markets such as Vietnam, Korea and Japan, as well as maintaining its presence in China.
SQM (Sociedad Química y Minera de Chile S.A.) reached a long-term agreement to supply lithium products to LG Energy Solution (LGES). As part of the agreement, which runs from 2021 to 2029, SQM will supply battery-grade lithium carbonate and lithium hydroxide for the production of high-quality cathode materials for EV battery cells. The contract considers a total of approximately 55,000 tonnes of lithium carbonate equivalent.
Appian Capital Advisory announces the final close of its second fund ("Fund II"). Fund II was oversubscribed and reached its hard cap of $775m following strong support from both new and existing Tier 1 investors globally. Fund II will invest on a global basis, targeting assets in jurisdictions with proven geology, supportive governments and a robust legal framework including Brazil, Australia, Mexico, Peru, Chile and Canada.
Tesoro Resources has reported drilling at its El Zorro gold project in Chile continues to expand the scale of the project and, in particular, the higher-grade zones. The latest assays from the Ternera prospect include 220m at 0.86 grams per tonne gold from 76m down hole, including three higher grade zones — 39m at 2.73g/t, 15.5m at 5.49g/t and 10.8m at 1.44g/t.
The participation of women in senior positions in major companies in the country increased to 29% in 2020, according to the Gender Equity Index prepared by the non-profit organisation PROhumana. In the 2020 edition of the index, 12 major companies participated in the index, of which nine had also been in the 2019 version. In 2019, 21% of the total number of directors of the nine companies included that year were women, and in 2020 this percentage increased to 29% in those companies.
SafetyPay announced a new partnership with LATAM Airlines Group, to enable its digital payment wallet. SafetyPay's solution will allow non-card holders and fraud-wary consumers to participate in the purchase of airline tickets via bank transfer or cash without sharing their information online. The partnership was recently launched in Chile, Colombia and Ecuador, while other markets such as Brazil and Peru will follow next year.