Investments

Investments
Thursday, April 28th 2011 - 02:41 UTC

Chilean and Finnish companies confirm second pulp mill in Uruguay

Copec President Roberto Angelini.

Chilean fuel and forestry conglomerate Empresas Copec SA will invest a record 1.2 billion US dollars this year, company president Roberto Angelini said on Wednesday, according to local newswire Valor Futuro.

Wednesday, April 27th 2011 - 15:20 UTC

Peugeot-Citroen marks two production milestones in Argentina and Brazil

The one millionth car rolls out from the Palomar plant in Argentina

France’s PSA Peugeot Citroen recently marked two production milestones in Latin America. Production of the one-millionth vehicle at the Palomar plant in Argentina coincided with production of the one-millionth engine at the company’s Porto Real plant in the State of Rio de Janeiro, Brazil.

Wednesday, April 27th 2011 - 08:54 UTC

Brazil’s five largest airports will be managed under concession by private sector

Airport infrastructure needs to expanded on time for the 2014 World Cup and 2016 Olympics

Brazil is planning to hand over the country's five largest airports to the private sector through concession agreements, in an effort to accelerate upgrades ahead of two major international events, Brazilian presidential Chief of Staff Antonio Palocci said Tuesday.

Wednesday, April 27th 2011 - 08:30 UTC

Uruguay’s flag carrier Pluna orders three more Canadian CRJ900

Pluna already has ten 88-seat Bombardiers CRJ900

Canada’s Bombardier Aerospace said Monday it has received another follow-on order from Uruguay’s flag carrier Pluna for three CRJ900 NextGen regional jets, helping the manufacturer's efforts to avoid layoffs.

Tuesday, April 26th 2011 - 02:50 UTC

Canada’s Barrick Gold fights to become heavy weight in copper production

Barrick Chief Executive Aaron Regent: “wait and see”

Canada's Barrick Gold Corp said on Tuesday it would take a “wait and see” approach if a higher bid emerges for its offer to pay 7.3 billion Canadian dollars for Equinox Minerals.

Tuesday, April 26th 2011 - 01:34 UTC

Falklands’ Argos acquires 3-D seismic data prepares to drill late 2011, early 2012

Argos Resources Limited, the Falkland Islands based hydrocarbons exploration company, has reported that the company has completed the acquisition of 3-D seismic data over the entire area of its PL001 licence in the North Falkland Basin.

Monday, April 25th 2011 - 07:20 UTC

Gary Garrabrant of Equity International to attend Brazil's largest real estate event

Gary Garrabrant, CEO and co-founder (with Sam Zell) of Equity International (Photo Reuters)

Gary Garrabrant, CEO and co-founder (with Sam Zell) of Equity International, has confirmed his presence at ADIT Invest, Brazil's biggest event in the field of real estate and tourism investment, to be held in Fortaleza from 10 – 12 May.

Monday, April 25th 2011 - 06:07 UTC

Mining and energy concentrate most investments in Chile in record year 2010

Chile is the world’s leading producer and exporter of copper

Estimated investment in Chile reached a total of US$130 billion during 2010, including US$42.7 billion in potential investments. This total marks a rise of 16% from 2009, according to Sofofa. Last year’s figures are the highest in five years.

Thursday, April 21st 2011 - 03:20 UTC

Chile looking for a new icebreaker to strengthen presence in Antarctica

The Canadian built “Almirante Viel” is to be decommissioned in 2015

The Chilean Navy icebreaker is scheduled to be decommissioned in four years time so “we are in the task of considering a replacement” revealed Third Naval Zone Commander Rear Admiral Rafael Gonzalez during a press conference in Punta Arenas to review results of the last Antarctic season.

Wednesday, April 20th 2011 - 01:07 UTC

Google invests in the world’s largest wind farm in the state of Oregon

A massive display of wind turbines on Shepherds Flat

Google Inc. said announced this week that together with two Japanese partners they will pay General Electric Co. about 500 million US dollars for a majority equity stake in the world's largest wind farm, under construction in Oregon.

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