Independent power producer Sonnedix Power Holdings Ltd has obtained an environmental permit for the 150-MWp Sonnedix Tres Cruces solar project in the Atacama region in Chile. The $140 million Sonnedix Tres Cruces will be realised within the communes of Diego de Almagro and Chanaral. Construction work is seen to start by 2023 and be completed in 2024. During the process, the company will support 295 new jobs.
Chilean cement consumption advanced 66.7% YoY in June 2021 to 355,851t when compared with the 233,186t reported in June 2020 and by 21.9% when compared with June 2019, according to the Chilean Construction Chamber, CChC. In the January-June 2021 period, dispatches were up 20.5% YoY to 2,145,846t from 1,781,388t in the first half of 2020.
Mining companies with the highest ESG ratings outperformed the overall market during the peak of the pandemic, achieving 34% average total return to shareholders over the past three years. This is according to PwC's 18th annual report on the top 40 mining companies.
The Centre for Surveys and Longitudinal Studies of the Catholic University presented a new survey of the employment situation at national level during the last week of May. Employment rate was 49.2%, showing no variation compared to April. Compared to the most critical point of the pandemic, 1.1 million jobs have been recovered as of May 2021 which equates to 47% recovery.
According to McKinsey's analysis, tourism is expected to return to pre-pandemic levels by 2024. Depending on how efficient sanitary control is, recovery could be earlier. The study suggests that the first thing the tourism industry should focus on is local travelers.
According to the National Labour Demand Survey (Enadel), more than 20% of companies in the trade, forestry and agriculture sectors expect to increase their workforce this year. 38% of trade companies and 44% of companies related to forestry and livestock reported difficulties in filling vacancies. This is due to a lack of interest in the industry or inexperienced candidates applying.
Chile's head of energy and mining ministries announced that non-conventional renewable energy sources (NCRES) will account for 40% of its energy matrix by 2030. In the coming weeks, the government will submit to Congress a bill that seeks to double the national electric system's proportion of NCRES, from 20% to 40% by the end of 2030.
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.
With more than 41% of its waters already covered by marine protected areas (MPAs), Chile has proposed creating a high seas MPA on the Salas and Gomez and Nazca ridges. The idea was introduced by President Sebastián Piñera at the virtual climate summit held by US President Joe Biden in April. Piñera said “it’s not enough” to protect only national waters, especially considering the global call to protect 30 percent of the ocean by 2030.
Chile’s renewable energy systems injected 1,498 GWh of power into the mix in April, up by 27.3% year-on-year, according to Chilean energy commission CNE. Chile's renewables share decreased to 23%. The total power production in Chile rose by 5.4% year-on-year to 6,516 GWh. In month-on-month terms, the total generation dropped by 6.6%. In April, the total installed capacity of non-conventional renewables crossed the 7-GW milestone to reach 7,173 MW. Renewables now make up 27.8% of Chile’s total installed capacity.