Planning Minister Julio De Vido denied that the Government plans the “intervention” of the energy sector and clarified that “we demand investment and production plans. This is not an intervention, simple more planning.”
The world’s largest supplier of methanol, Canadian-based Methanex, will invest 550 million dollars to relocate a methanol production plant from the extreme south of Chile to a 225-acre site in Geismar, Louisiana.
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.
A good one and a bad one for the government of the City of Buenos Aires: Economy minister Nestor Grindetti announced that an agreement had been reached with power companies to bring light back to several public areas of the city that had remained in the dark for several days due to unpaid bills.
Argentine Rural Society (SRA) head Hugo Biolcati said that Argentine institutions are “deteriorating and that the Constitution” is no longer in use, as he inaugurated this weekend the 126th annual edition of the camp exhibition at the Palermo Rural pavilion in the City of Buenos Aires.
President Jose Mujica travels to Brasilia on Monday for the Mercosur extraordinary summit on Venezuela, but his agenda also includes talking with Cristina Fernandez about the latest clash referred to the dredging of a shared River Plate access canal and with host Dilma Rousseff about his growing proximity to Brazil.
Brazilian diplomats revealed during a television Globo News debate details of the controversial procedure applied by Mercosur countries to suspend Paraguay and agree the incorporation of Venezuela as full member.
Argentina could require that grains futures be listed in the local Peso currency the head of the central bank said on Friday, a move that traders said would paralyze markets in the leading global food supplier.
Uruguayan president Jose Mujica strongly defended the incorporation of Venezuela to Mercosur and forecasted that in a short time the country will become Uruguay’s third trade associate, behind China and Brazil.
Russian President Vladimir Putin has an ambitious plan to cut his country's 3 billion dollars annual import bill for beef. He even aspires to return Russia's beef industry to its pre-revolutionary stature.