Chile opened its borders for non-residents, giving the possibility for the flow of international tourists. Recently, the airline industry has been improving its figures. According to the latest numbers released by the Civil Aeronautical Board (JAC), 438,106 passengers were registered in October which is 154,000 more than in September. However, this figure is 77.9% less than in October 2019. The CEO of Sky, José Ignacio Dougnac, projects to end the year operating over 50% of its capacity.
Activos en Renta Grupo Corporativo SA is developing a 471.29-MWp solar project set in the Antofagasta region, Chile. The AR Changos Solar project will involve the installation of roughly 1.01 million bifacial PV modules, a step-up substation with two transformers and a 13.5-km long 220-kV high-voltage transmission line. Project company AR Changos Solar SpA submitted the environmental impact statement (EIS) for the project last week, noting that it would invest $280 million in the undertaking.
For week 46, there were only small changes in prices for Chilean farmed salmon for the US and Brazil. Prices for Chilean head-on, freight-on-board, 10-12s shipped to the Brazilian market lifted by $0.09 to $2.88 per kilogram. US-bound trim D, freight-on-board Chilean salmon fillets to the US saw prices fall by just $0.01 in price, to $3.38 per pound.
This year marks the 50th anniversary of the establishment of diplomatic relations between China and Chile. To celebrate this important milestone, Chile not only brought online an official Chilean food flagship store on T-mall to offer more convenience to Chinese consumers, but also opened an offline Chilean National Pavilion at the Greenland G- Hub. A short Chilean video was displayed for two weeks throughout all public transportation in Shanghai.
According to the Chief Operating Officer of Giddings US, Ian Grigg, Chile's blueberry shipments are increasing. Chile's season looks to be of good quality and volume. “The weather in Chile has been good, and it looks to be a typical year in terms of production volumes and timing, with the season being expected to wrap up with early to mid-March arrivals".
The Chilean National Energy Commission (CNE) has announced that an auction for the contracting of 2.31 TWh of renewable energy will be launched in May. According to the preliminary bidding terms, the selected projects must start delivering power to the Sistema Interconectado Central and Sistema Interconectado del Norte Grande electricity networks on January 1, 2026. These plants will supply electricity under 15-year power purchase agreements for 2026-2040. The auction will also include the option of deploying storage systems.
Today, around 60,000 health care workers in Chile began a national strike for an indefinite period of time after eight months of negotiations with the authorities without a response to their demands. The National Federation of Health Workers (Fenats) said that the strike is not only aimed at recognizing their rights but also at increasing the reduced budget for 2021, since 80% of Chileans receive care through the public system.
Chile’s copper production will likely rise by 0.6% to 5.82 million tons in 2020 and 5.99 million tons in 2021, according to Cochilco. Cochilco estimated that the copper price will average $2.75 per pound in 2020, and could rise to $2.90 per pound in 2021.
MFS Investment Management has completed the local registration process with Chile's Commission for the Financial Market (CMF) for 21 of its MFS Meridian Funds, thus providing a broad offering of sale through advisers and other financial intermediaries. Previously, MFS Meridian Funds were available through certain private placements through a select number of distributors in Chile.
Tesoro Resources adds “significant scale” to Ternera as drilling continues around the clock at the priority target within its flagship El Zorro gold project in Chile. The company has received more assays from step out drilling at Ternera with further wide mineralised zones intercepted. Gold mineralisation at Ternera has now been confirmed over 700m by 800m – extending from surface and extending for more than 350m depth.