Inglés

Changes in senior management of the Codelco operating divisions

After days of waiting, the Corporation announced on Tuesday changes that will take the company to the executive level. Through an essential fact, Codelco’s board led by Oscar Landerretche, endorsed the Nelson Pizzarro’s…

Trabajadores de Codelco critican capitalización de la minera

Ministry of Mining and CTC seek to define guidelines for training

The project would involve both contractor workers as well as subcontractors. Aurora Williams, the Minister of Mining met with the Confederation of Copper Workers’s President (CTC), Manuel Ahumada, the CTC’s National Director, Miguel…

Energy costs up 20% in September despite largest hydroelectric contribution

The item was at an average of $ 88.5 per MWh, compared to $ 73.7 per MWh reached last August. The major contribution of hydroelectric generation in the matrix failed to contain the…

IDB would finance Hydro projects for 250 MW

Institution dismissed criticism for funding participation in Alto Maipo. Financing renewable energy projects both conventional as conventionally will be the focus of the Inter-American Development Bank (IDB) in the coming years in Chile….

Pascua Lama makes allegations after two months of postponement

Judges Rubén Ballesteros, Haroldo Brito, Rosa Egnem, Andrea Munoz and Carlos Cerda, constitute the hall of the Supreme. After two months of delays, finally yesterday in the Third Hall of the Supreme Court…

Endesa y Origin se disputan el 50% de GasAtacama

Government plans setting rates in the gas industry

According to the draft bill, the fees will be calculated by the CNE and fixed by the ministry every four years. On Friday morning, representatives of the natural gas distribution companies held a…

Great mining delivers report with measures to unlock projects

The guild delivered a paper commissioned by BHP Billiton, which defines the areas where bureaucracy could be lowered. The Government seeks to accelerate $ 8,000 million in investment in this industry. “The ideal…

La demanda China de hierro bajaría y también precios del commodity

Iron at least in 5 years shows caution over CAP

Banchile Investments reiterated a cautious stance towards company stock, that falls more than 32% during the year. The price of iron is at its lowest level since September 2009 amid persistent concerns about…

Machinery imports fall 60% due to lower investment

As of September, purchases of these goods for mining and construction totaling $ 541 million. In order to reverse trend, from the private sector call to speed up processing project. Since mid-2013, the…

Green Taxes will collect $ 220 million for the country

After the President Bachelet’s speech at the Summit for Climate, the Environment Minister Paul Badenier reaffirmed measures such as soil recovery and generation of NCRE by 2025. The last time the Environment Minister,…

Minimum level of annual capitalization to Codelco is proposed

FTC initiative was well received in the Mining Commission of the House of Representatives (Deputies), which in any case approved the project submitted by the Treasury. The Mining and Energy Commission of the…

Power Tenders: Report warns difficulty of establishing time blocks

An study performed by Sebastian Bernstein, Alejandro Jadresic, Gbriel Bitran and Marcelo Tokman raises the option to add time blocks, as now incorporated in the latest power tender, could generate price increases. Incorporating…

Endesa approves sale of its assets in Latin America to Enel

The company said the operation will have to be approved by the General Meeting of Shareholders, which convened a special meeting on Oct. 21st. The Board of Directors of Endesa energy company yesterday…

Mining would contribute to the treasury with about half of the resources than two years ago

It is estimated that the contribution this year of the sector to the State would be around US$ 4,500 million, figure 45% lower than the collected in 2012. With less trading of minerals,…

Codelco pondrá en marcha nueva planta de molibdeno

Cochilco projects price of $ 115 for molybdenum in 2015

The estimate for 2015 is very similar to the price projected for this year (between $ 11 and $ 13 a pound), despite expected a surplus of up to 25,000 tons. The start-up…

Teck frena compra de Fase 2 de Quebrada Blanca

Teck would decide expanding Quebrada Blanca in 2016

Canadian company expects to start building the extension of the site that year, a project that could be completed by 2019. In mid-2016 Teck could make a decision on the fate of Quebrada…

Thermoelectric represent 53% of the contribution to the SIC and costs will exceed estimates

Thaws were lower than expected, thus affecting a smaller proportion of water in the central system and average prices of US $ 125.23 MWh for free customers. Surprising and against all odds in…

A maximum annual cap program for Codelco will be set up

Mining Minister noted that all projects that have been analyzed are profitable. In a double date yesterday Mining minister, Aurora Williams, and Finance Minister, Alberto Arenas, explained the scope of the Codelco capitalization…

Colbún analiza fuerte inversión para aumentar la capacidad de sus centrales a gas

Colbun IPSA’s Surprise in the second quarter

Overall, there were no major surprises on results of the companies that comprise the benchmark for the Santiago Stock Exchange. The slowdown has been a cross-cutting issue for the last time; however, it…

Comunidades indígenas acudirían a la OIT por Convenio 169

Projects with Indigenous Consultation totaling US $ 15,300 million in investment

Projects with Indigenous Consultation totaling US $ 15,300 million in investment. Companies like Codelco, Endesa and BHP must face an indigenous consultation to validate projects. After the backing of the Supreme Court to…

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