Barrick Gold, the world’s biggest gold miner, says its capital costs to develop a giant mine high in the Andes could reach 8 billion dollars and has delayed production until 2014.
IMF western hemisphere director, Chilean national Nicolás Eyzaguirre, resigned to his post Thursday in order to become the CEO of Chilean Canal 13 network. The International Monetary Fund confirmed the news and added that the official will leave his responsibilities immediately.
Chile will request from Cuba all the information on the death of opposition leader Oswaldo Payá who according to the Havana government died in a car accident, something with the Chilean authorities wants to corroborate to “complete certainty”.
Chilean student leaders and opposition politicians vowed to protest last week’s ruling by the Chamber of Deputies to reject the findings of a report on the profiteering of education institutions in the country. The controversial subject matter was decided by a razor-thin margin, with 46 in favour, 45 against and one abstention.
Spain’s Repsol said on Thursday it has reached an agreement with a consortium of Chilean investors, led by LarrainVial, for the sale of 100% of its subsidiary Repsol Butano Chile for approximately 540 million dollars.
Chile charged two former officers in Augusto Pinochet's military dictatorship with being the co-authors of the torture that killed the father of former president Michelle Bachelet.
The Chilean village of Lolol in the Colchagua region has sent its heartfelt thanks, in the form of a plaque, to the people of the Falklands and the Chilean Community in the Islands for their very generous support following the devastation of buildings in the area as a result of the earthquake in 2010.
Chile and Peru opted this week against following the lead set by nations from Brazil to South Korea in cutting interest rates as economic growth and slowing inflation in the Pacific neighbors gave central bankers little reason to change monetary policy
Chilean Tourism Under Secretariat head Jacqueline Plass made a positive balance of tourism activity during the first half of the year with over 1.85 million foreign arrivals, a 15% increase over the same period a year ago.
Shale gas may be the solution to one of the most serious problems the Chilean mining industry is facing because of the very high energy prices due to limited supply.