Jindal Steel & Power Ltd., an Indian steel and power producer, secured government approvals from Bolivia for its 2.1 billion US dollars Mutun iron ore and steel project, its largest investment overseas.
Toyota Motor Corp. overtook Ford Motor Co. to become the No. 2 automaker by U.S. sales in 2007, using new products and relentless strategy to break Ford's 75-year lock on the position. General Motors remained the US sales leader with 3.82 million vehicles.
South Korea and Bolivia have agreed to jointly develop a copper mine in the Andean highlands estimated to have at least 15 million tons of the natural resource, according to a government release from La Paz and Seoul.
Brazil's second largest steelmaker this week confirmed last September's pledge to invest 9 billion US dollars over the next four years, revealing plans to plow 5.25 billion US dollars into mining, steel and cement projects in Minas Gerais state over the next six years.
The lead United Nations agency for information and communication technology (ICT) announced Tuesday the first set of global standards for providing television services over the Internet, a move that is expected to fuel innovation and competition in an emerging field.
The presidents of Bolivia, Brazil and Chile met here Sunday to clinch a deal for South America's first east-west highway, linking Brazil's Atlantic coast to Chile's Pacific coast via Bolivia.
Brazil and Argentina have successfully launched a rocket into space in the first joint space mission by the two South American countries. The liftoff had been delayed four times because of weather conditions, reported Andreia Araujo from the Brazilian Space Agency.
A second pulp mill is to break ground next January 16 in Uruguay, following an agreement reached between the Spanish corporation ENCE and the Uruguayan government, revealed the country's Deputy Housing and Environment minister Jaime Igorra.
Opponents of the so-called Aysén Project, a massive hydroelectric venture planned for extreme south Chile's Region XI, will be mounting a symbolic, nine-day cavalcade later this month.
The first shipment of pulp from Uruguay's Botnia plant left Saturday from the port of Nueva Palmira with final destination Europe. Swift Arrow and the Botnia produced 19.000 tons are scheduled to call into two Brazilian ports to complete the cargo.