Chemical giant BASF SE dropped its plans to invest in lithium mining assets in Chile after a recent downward turn in the mineral's price, it was reported. The German company thus canceled all talks with Canada's Wealth Minerals Ltd., which has exploration projects in the South American country, it was explained.
Two people died and at least nine others were injured Thursday after a head-on collision between two trains in Santiago, Chile. The units involved were a freight convoy of the company Fepasa and a passengerless test formation belonging to the Empresa de Ferrocarriles del Estado (EFE). We regret to report the death of two workers on the freight train, the state-owned company said in a statement.
Montevideo remained South America's most expensive place to live according to the Mercer Ranking released this week, closely followed by Buenos Aires, a place that has been moving up fast since President Javier Milei's Dec. 10, 2023, inauguration. The list helps multinational employers plan their strategies regarding compensations and other expenses, it was explained. Hong Kong stayed at the top, followed by Singapore, and Sitzerland's Zurich, Geneva, and Basel.
A recent increase in electricity bills has Chile's Central Bank needing to postpone getting the South American country's inflation under control, according to the Monetary Policy Report (IPoM) for June 2024 released Wednesday.
Chilean President Gabriel Boric Font declared the diplomatic incident over after Argentine Security Minister Patricia Bullrich apologized for saying that the terrorist organization Hezbollah was operating in the Chilean port of Iquique. “It seems to me that it is tremendously important that the authorities be responsible in their statements and affirmations,” said Boric.
Uruguayan President Luis Lacalle Pou left for Santiago late Monday to participate in a tribute at the Universidad del Desarrollo's auditorium organized by the Grupo Libertad y Democracia to late Chilean president Sebastián Piñera (2010-2014 and 2018-2022). Piñera died in February in a helicopter accident while piloting the aircraft.
Argentina's Navy will remove the solar panels mistakenly placed in Chilean territory after President Gabriel Boric Font warned that his country would take action if Buenos Aires failed to comply at the earliest time possible.
Argentina's Ambassador to Santiago Jorge Faurie admitted his country had made a mistake when solar panels were placed three meters into Chilean territory in Tierra del Fuego, which triggered a diplomatic incident between the two countries.
Scientists in southern Chile have found in the Strait of Magellan a type of red hydrocoral, consisting of immobile animals similar in appearance to a plant or a rock. The specimens of Errina Antarctica were discovered in the Kawésqar National Reserve, a protected marine area more than 3,000 km from Santiago, it was reported Friday.
Chile's Navy confirmed Tuesday through a posting on X that the nuclear-powered aircraft carrier USS George Washington had crossed the Strait of Magellan into Pacific Ocean waters and was on her way to Valparaíso. Accompanying the vessel were the Arleigh Burke-class destroyer USS Porter (DDG-78) and the Henry J. Kaiser-class fleet tanker USNS John Lenthall (T-AO-189).