Investments
InvestmentsLan Cargo and GE sign 12-year maintenance program for turbines
Chile’s Lan Cargo signed a twelve year agreement with the Aviation Department of General Electric for the maintenance, upkeep and repair of the GE90-110B engines of its fleet of four Boeings 777. The operation involves 135 million US dollars.
Oil and gas exploration off Comodoro Rivadavia begins August
Argentine oil and gas company Pan American Energy will invest 80 million US dollars in the first phase of an offshore exploration program in the San Jorge Gulf in Patagonia, next to Comodoro Rivadavia, the company said Tuesday in a statement.
Uruguay confident that Portuguese pulp mill project remains on track
Uruguay and the Brazilian state of Matto Grosso are disputing the massive investment of almost two billion US dollars in a pulp and paper plant which one of Portugal’s largest corporations is planning to build in South America, reported this week the Lisbon business daily Economico.
Repsol, Petrobras and BP to explore for oil next to Falklands’ waters
A consortium led by Spanish oil firm Repsol YPF SA (REP) plans to explore for oil in international waters between Argentina and the Falkland Islands, officials from the company said Monday.
World airlines 'face $9bn loss'
The global airline industry has nearly doubled its expected losses for the year to $9bn amid what it calls an unprecedented crisis.
New Chilean domestic airline takes off June 18
Principal Airlines’ (PAL) imminent domestic service between Santiago, Antofagasta, and Iquique has officially received flight authorization from the Chilean Civil Aviation Authority.
Fighting in the Peruvian Amazon turns ugly; death toll in the fifties
Nine Peruvian police officers were killed Saturday after security forces regained control of a petroleum facility in a remote jungle region from indigenous groups that are protesting against logging and oil exploration rights awarded by the government.
Chinalco “disappointed” with Rio Tinto’s decision to scrap deal
Aluminium Corp. of China, or Chinalco, confirmed Friday that Australian mining firm Rio Tinto has scrapped the proposed 19.5 billion US dollars of investment by Chinalco, and Rio Tinto would pay a break fee of 195 million U.S. dollars to the Chinese aluminium maker.
Rio Tinto decision was not “political” Australia assures Beijing
The Australian government reassured China on Saturday that miner Rio Tinto's decision to walk away from a 19.5 billion US dollars by investment by Beijing was not a political move.
GM Latinamerica one of the most profitable, and with plenty of credit
General Motors operations in Latinamerica, Africa and the Middle East remain as strong as ever in spite GM Corp. filed in the US for bankruptcy protection this week, a top official from the company said.
