Investments

Investments
Monday, June 14th 2010 - 04:21 UTC

India’s giant iron ore project in Bolivia stalled; China also interested

Bolivian Mines minister Jose Pimentel

Bolivia and India’s Jindal Steel & Power one of the world’s leading steel manufacturers are scheduled to sign an addendum to the contract for the exploitation of the Mutún iron ore reserves with the purpose of unlocking the “lack of investments” according to Mines minister Jose Pimentel.

Tuesday, June 8th 2010 - 16:23 UTC

Falklands’ Rockhopper raises £48.5 million to fund more offshore drilling operations

A second exploratory well is to be drilled at prospect Ernest in the North Falkland basin

Rockhopper Exploration announced on Tuesday it had raised £48.5m from the stock market to fund its drilling operations off the Falklands Islands. Last week Rockhopper revealed that its first well in the North Falkland Basin, called Sea Lion, had found much more oil than expected.

Saturday, June 5th 2010 - 08:25 UTC

Exclusive premium farms’ project in Uruguay wins British Architects award

KallosTurin Architects have won an international award from the Royal Institute of British Architects, RIBA, for the design and construction of two farm houses in an environmental friendly residential development in one of Uruguay’s most fashionable resorts.

Thursday, June 3rd 2010 - 06:47 UTC

Falklands Rockhopper oil company shares drop in spite of recent discovery

“The company is not aware of any reason for the movement”

Rockhopper Exploration said Wednesday there’s no reason to believe that oil discovered in the Falkland Islands will not comply with quality expectations as originally stated.

Wednesday, June 2nd 2010 - 02:41 UTC

Oil drilling begins in unexplored Falkland Islands’ south east waters

Falkland Oil & Gas (FOGL) in association with BHP Billiton became the third oil company this year to begin exploratory drilling operations in Falkland Islands’ waters according to a Tuesday release from the company.

Wednesday, May 26th 2010 - 06:13 UTC

Chilean investments abroad rise sharply in first quarter of the year

Arauco forestry and pull mills expanded into Brazil and Uruguay

In the first quarter of 2010 Chilean businesses invested 1.7 billion US dollars abroad, seven times more than in the same period in 2009, according to the Santiago Chamber of Commerce (CCS).

Tuesday, May 25th 2010 - 10:26 UTC

Argentina’s Soy King praises Uruguay and its farming revolution

Gustavo Grobocopatel said farming is the right business at the right place

Gustavo Grobocopatel also known as the Soy King of Argentina praised Uruguay’s conditions for corporate growth and said the country in the last seven years has undergone “revolutionary changes”.

Monday, May 24th 2010 - 03:33 UTC

Morales tells Spanish companies their investments in Bolivia are protected

The Bolivian president has had to back track on several public statements

Investments by Spanish firms are protected in new Bolivian regulations, but companies involved in plots against the government will not be forgiven, said President Evo Morales on Sunday during a fence-mending speech.

Saturday, May 22nd 2010 - 07:01 UTC

Chinese company buys 40% stake in Brazil offshore field

Norway’s largest oil and natural gas company Statoil ASA, agreed to sell a 40% stake in the Brazilian offshore Peregrino field to China’s Sinochem Group for 3.07 billion US dollars in cash according to a joint release this week.

Friday, May 21st 2010 - 02:25 UTC

Spanish bank takes leading position in Uruguay’s private financial sector

Vicente Rodero BBVA director for Latinamerica.

One of Spain’s largest bank BBVA is waiting for the final approval from Uruguay’s central bank to disburse 100 million US dollars for the acquisition of France’s Credit (Agricole) Uruguay said Vicente Rodero BBVA director for Latinamerica.

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