Investments

• Monday, May 27th 2013 - 08:13 UTC

  Chile fines and suspends Barrick Gold for contamination at major project

  

  Chilean authorities have fined the world's largest gold mining company, Barrick Gold Corp, more than 16 million dollars for environmental offences. Construction at the Pascua-Lama mine, on the border with Argentina, has been suspended until a system to contain contaminated water is put in place.

• Friday, May 24th 2013 - 06:38 UTC

  Petrobras will continue to operate in Argentina but may sell some assets

  

  Brazilian state-controlled energy giant Petrobras plans to continue operating in Argentina although it may sell some assets there, CEO Maria da Graças Foster said.

• Friday, May 24th 2013 - 06:25 UTC

  Argentina and Brazil jointly developing satellites for South Atlantic research

  

  Argentina and Brazil will be launching their first two jointly developed scientific satellites for research along the Atlantic coast in a couple of years, according to Brazil’s Science and Technology minister Antonio Raupp.

• Wednesday, May 22nd 2013 - 23:03 UTC

  US airline closes 4bn dollars deal with Brazil’s Embraer for 40 commuter aircraft

  

  United Airlines partner SkyWest Inc. agreed to buy more than 4 billion dollars of Brazil’s Embraer jets as new pilot contracts at the largest carriers allow commuter operators to fly bigger planes.

• Wednesday, May 22nd 2013 - 06:03 UTC

  Uruguay: Mujica on a most ambitious mission to China after investments for ports and railways

  

  Uruguayan President Jose Mujica begins on Wednesday the longest and most ambitious of his overseas trips hoping to convince China to invest in infrastructure projects that are crucial for the development of the country and its foreign trade: a deep water port and recovering the rail cargo network.

• Monday, May 20th 2013 - 22:22 UTC

  Brazil opens ports to private investment hoping to ease bottlenecks strangling exports growth

  

  Brazil’s Congress approved legislation that opens up state-owned ports to private investment and lifts restrictions on the building of private ports in a bid to eliminate serious bottlenecks strangling the country’s export growth. The Brazilian Association of Infrastructure and Basic Industries praised the approval of the bill and anticipate investment of 25bn dollars.

• Saturday, May 18th 2013 - 06:53 UTC

  Venezuelan oil monopoly in joint ventures with Chevron and China Petroleum

  

  PDVSA, Venezuela’s government oil and gas giant will allow joint ventures with China National Petroleum Corp. and Chevron Corp. to manage 6 billion dollars in loans designed to revert oil output declines, said a PDVSA official.

• Thursday, May 16th 2013 - 03:24 UTC

  Chevron agrees to invest 1.5bn dollars in developing YPF shale field in Patagonia

  

  Argentina’s nationalized oil company YPF signed on Wednesday an agreement with US oil major Chevron Corp to define the terms and conditions of Chevron's investment of 1.5 billion dollars in the vast Vaca Muerta shale field.

• Wednesday, May 15th 2013 - 07:24 UTC

  Uruguay awards French company contract for 1.2bn dollars re-gasification plant

  

  Uruguay awarded French gas and power group GDF Suez SA a contract to build a liquefied natural gas (LNG) re-gasification plant at an estimated cost of 1.125 billion dollars, the government said on Tuesday.

• Wednesday, May 15th 2013 - 07:21 UTC

  Chinese Vice-president asks Venezuelan government for efficiency in joint-projects

  

  Chinese Vice President Li Yuanchao on Tuesday asked the Venezuelan government for efficiency in managing an agro-industrial plant it has begun building near Caracas with a 52 million dollars investment from Beijing.