Investments
InvestmentsIndia’s giant iron ore project in Bolivia stalled; China also interested
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.
Falklands’ Rockhopper raises £48.5 million to fund more offshore drilling operations
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.
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.
Falklands Rockhopper oil company shares drop in spite of recent discovery
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.
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.
Chilean investments abroad rise sharply in first quarter of the year
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).
Argentina’s Soy King praises Uruguay and its farming revolution
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”.
Morales tells Spanish companies their investments in Bolivia are protected
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.
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.
Spanish bank takes leading position in Uruguay’s private financial sector
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.
