ENGIE Energía Chile entered the "Libélula Photovoltaic Park" project for environmental evaluation, which will have a capacity of 199.2 MW and an annual production capacity of 423 GWh. The initiative will include the installation and operation of approximately 321,360 bifacial solar panels, which will have a minimum nominal power of 620 Wp in direct current. An Elevator Substation will also be built within the area of the photovoltaic park.
The LATAM group announced the expansion of its fleet-converted-to-cargo growth plan, under which it expects to gradually add 10 Boeing 767-300 Boeing Converted Freighters over the next three years, totaling a fleet of up to 21 aircraft of cargo by the end of 2023. The first will be received by the end of this year.
Sonnedix Power Holdings Ltd has closed financing for a 160-MWp solar project in Chile, alongside its joint-venture partner Cox Energy America SAB de CV. The solar energy companies secured $120 million from Sumitomo Mitsui Bank Corporation (SMBC) to fund the development of the Sonnedix Meseta de Los Andes solar PV project. The transaction was closed via their joint venture Sonnedix Cox Energy Chile, in which Sonnedix holds 70%, while its partner owns the remaining 30%. Once the plant starts operation, it will be capable of producing over 385 GWh of power per year.
Austral Gold Limited has discovered two new gold-silver rich veins at Amancaya Mine in Chile following the receipt of new assay results from 11 drill holes. The Oeste Vein has been intersected by two core diamond drill holes with best results of: 2.41 metres at 0.19 g/t gold and 55.2 g/t silver; and 1.17 metres at 24.98 g/t gold and 77.3 g/t silver. Four core diamond drill holes have intersected the Este Vein with the two new intercepts of: 4.27 metres at 7.81 g/t gold and 33.0 g/t silver; and 1.8 metres at 3.1 g/t gold and 1.5 g/t silver.
Lithium Chile Inc. announced that it has added an Argentinian lithium salar property to its portfolio by entering into a binding Letter of Intent (LOI) with SMG S.R.L. of Jujuy, Argentina. The LOI enables Lithium Chile to earn up to an 80% interest in the 233 Sq Km Salar De Arizaro located in Salta Province, Argentina. The LOI also gives Lithium Chile the opportunity to earn a large and dominant land position in the centre of the largest undeveloped salar in Argentina.
Appian Capital Advisory has agreed to sell its royalty interest in the Chile-based Caserones copper mine to Nomad Royalty. Under the deal, Appian will sell a 0.28% net smelter return royalty on the Caserones mine, which is operated by Minera Lumina Copper Chile. The deal consideration includes $23m in cash to Appian, as well as two million common share purchase warrants of Nomad.
Bastion Minerals has wrapped up a high-resolution airborne magnetic survey at its Cometa Copper Project in northern Chile. After processing and interpreting 1330-line kilometres of data from the survey, Bastion identified multiple high-priority copper targets. This work highlights large-scale alteration zones that are associated with existing high-grade copper surface samples. The company will refine the data from the newly discovered targets to help to identify more targets for future field work.
Sonnedix Power Holdings Ltd has issued the notice to proceed (NTP) for the construction of its 10.5-MW solar PV plant in Chile. CAF Turnkey & Engineering is in charge of the engineering, procurement and construction (EPC) works. Sonnedix Taranto, as the solar park is named, is expected to be completed by the beginning of 2022, according to the company.
Celulosa Arauco y Constitución (Arauco) sold approximately 80,500 hectares of timberlands in the central and southern regions of Chile for $385.5 million from an investor group. The investor group is led by BTG Pactual’s Timberland Investment Group (TIG). Other investors in the consortium include British Columbia Investment Management Corporation (BCI) and APG Asset Management. The transaction is subject to customary closing conditions, including antitrust approvals, and is expected to close in the third quarter of 2021.
Aker Horizons has completed a transaction (valuing Mainstream's current equity at €900 million) to acquire a portfolio of solar and wind projects in operation and under construction of around 1.4 GW and a pipeline of projects under development of around 12.5 GW. This portfolio has increased by more than 1 GW since the acquisition was announced on 19 January 2021.