Spanish utility Gas Natural announced Monday in Buenos Aires it had agreed to sell 19.6% of its Argentine subsidiary to a local pharmaceutical group Chemo for 56 million US dollars.
Chile has proved once again to be a foreign investment magnet as overseas companies have announced over 6.62 billion US dollars in projects so far this year, Chile's Economy Ministry reported.
Rio Tinto PLC, the world's second-largest iron ore producer announced Tuesday it will spend 2.15 billion US dollars on a major expansion of its iron ore mine in Corumbá, Brazil, to help meet increasing demand in South America and the Middle East.
Chilean mining companies top the list of Latin America's 500 most profitable companies, according to the magazine América Economía.
British Airways is on the verge of joining forces with Spanish carrier Iberia after revealing both companies' boards' unanimously support an all-share merger. In a statement British Airways said it was in talks with Iberia with a view to an all-share merger of the two companies.
Uruguay will be complying Monday with its final written presentation in The Hague on the Botnia pulp mill construction dispute with Argentina that alleges Uruguay ignored water joint management agreements.
Canada's Methanex, the world's main producer of methanol, is planning to convert coal into natural gas to supply its huge complex in the extreme south of Chile which has been working below capacity precisely because of insufficient gas, said the corporation's CEO Bruce Aitken.
Ten diamonds ranging in size from 0.002 to 0.04 carats have been discovered in the north east of landlocked Paraguay, reported Latin American Minerals Inc., a mineral exploration company focused on the acquisition and development of properties of highly prospective countries of the region.
Argentina announced Thursday it had reached an agreement with the Spanish group Marsans for the transfer of the country's main airline Aerolíenas Argentinas and its subsidiary Austral to the Argentine state.
Rafael Correa, the Ecuadorian president, and Hugo Chavez, his Venezuelan counterpart, have entered into an agreement to build the biggest oil refinery on South America's Pacific coast.