Rio Tinto, one of the world’s foremost mining conglomerates, has announced its plan to acquire US-based Arcadium Lithium in an all-cash transaction valued at $6.7 billion. This acquisition represents a major strategic maneuver to consolidate Rio Tinto’s standing within the burgeoning market for critical minerals, particularly those essential for renewable energy technologies and the electric […]
Fresenius SE & Co. KGaA, a global healthcare company headquartered in Germany, announced the divestment of its intravenous (IV) manufacturing site in Chile, Laboratorio Sanderson S.A., to Medifarma, a pharmaceutical company based in Peru with a strong footprint in Latin America. The divestment aligns with Fresenius Kabi’s ongoing strategy to streamline its global production network […]
BHP and Lundin Mining Corporation have announced a strategic agreement to jointly acquire Filo Corp., with a total consideration of approximately CAD 4.1 billion. This major transaction also involves the formation of a 50/50 joint venture to advance the Filo del Sol and Josemaria copper projects, located in the Vicuña district spanning Argentina and Chile. […]
In a tragic turn of events that has gripped the nation, the central regions of Chile are witnessing an apocalyptic scenario unfold, with wildfires of an unprecedented scale claiming the lives of 122 individuals as of Monday. Helicopters feverishly dump water on the insatiable blazes, and emergency crews delve through the rubble, unearthing bodies three […]
In an unprecedented catastrophe that has gripped the heart of central Chile, the death toll has tragically soared to 99, marking a harrowing escalation in the country’s battle against rampant wildfires. The Legal Medical Service (SML) of Chile, as cited by the news agency AFP, confirmed the grim figure on Sunday (Feb 4), with 32 […]
In an urgent response to the escalating crisis, the Chilean government, led by President Gabriel Boric, declared a state of emergency on Friday, February 3, as a massive wildfire, consuming nearly 480 hectares, posed an imminent threat to hundreds of homes in the central Valparaiso region. The rapidly expanding blaze has not only endangered residential […]
Wealth Minerals Ltd. announced a significant advancement in its Kuska project (formerly Ollagüe project) at Salar de Ollagüe, Chile. The Preliminary Economic Assessment (PEA) for the project was produced by DRA Global, in collaboration with resource experts from Montgomery & Associates and other qualified third-party consultants. CEO Hendrik van Alphen expressed satisfaction with the PEA […]
Antofagasta and Marubeni have taken a decisive step in the global copper market by moving forward with a significant $4.4 billion expansion of the Centinela copper mine in the Antofagasta Region, Chile. This strategic investment aims to establish a new 95 kilotonnes per day (ktpd) concentrator plant, set to dramatically increase copper concentrate production. Doubling […]
Oracle has marked a significant milestone in the cloud computing sphere by opening a second Oracle Cloud Region in Chile, the first hyperscaler to have dual regions in the country. The new Oracle Cloud Valparaíso Region, combined with the existing Santiago region, bolsters Oracle’s commitment to enhancing business continuity and addressing data residency and sovereignty […]
SUSI Partners, a leading investor in the sustainable energy sector, has announced an expansion of its partnership with Chilean clean energy developer BIWO Renovables. The collaboration, executed through SUSI’s flagship Energy Transition Fund (SETF), involves developing two large-scale, hybrid solar PV and battery storage projects in Chile’s Santiago metropolitan area, with a combined capacity of […]