Investments

• Tuesday, September 25th 2012 - 14:22 UTC

  Chilean company and global leading lithium producer strengthens market position

  

  The world leading lithium producer SQM has won a tender to develop a lithium concession in Chile, which produces around 40% of the metal, used widely in hybrid vehicles and computer and smart-phone batteries, the Mining Ministry said on Monday.

• Monday, September 24th 2012 - 01:37 UTC

  Korean Hyundai begins production at Sao Paulo plant; target 10% of Brazilian market

  

  Korea’s Hyundai Motor is expanding its presence in Africa and Brazil, two of the several automobile markets with mammoth growth potential by diversifying export models. While the largest carmaker in Korea is making the most of its manufacturing factory in India it launched regular operation of its Brazilian factory over the weekend.

• Thursday, September 20th 2012 - 23:38 UTC

  Peruvian villager killed and four injured in clashes over water with Barrick Gold

  

  Barrick Gold is resuming operations Friday at its Pierina mine in Peru after violent clashes this week between police and nearby villagers left one person dead and four injured.

• Thursday, September 20th 2012 - 01:40 UTC

  Brazil announces auctioning of new oil concessions for next May

  

  Brazil's Dilma Roussef has approved the auctioning of new oil concessions next year, subject to congressional approval of a new royalties law, authorities said. The 11th auction outside the pre-salt next May would involve 74 oil blocks, half at sea and half on land.

• Wednesday, September 19th 2012 - 05:47 UTC

  Soy supply in 2013 expected to be highly dependent on South American supply

  

  A leading international consultant on grains and oilseeds estimates that Argentina’s soy crop could increase 38% to 56 million tons in 2013, a year when world supply will become more dependent on South America because of smaller inventories in countries such at the US and China.

• Tuesday, September 18th 2012 - 07:21 UTC

  Falklands’ Desire confirms exploration potential and is looking for farm-in partner

  

  Falkland Islands explorer Desire Petroleum said its half-year to end-June period losses decreased from 39.3 million dollars in the previous period to just 2m, due to a fall in exploration and evaluation expenses. It also announced that it was looking for a farm-in partner for the North Falkland basin, where the company is focused.

• Tuesday, September 18th 2012 - 06:06 UTC

  Bahrain telecoms in talks to buy C&W assets, including the Falklands

  

  Bahrain Telecommunications Co is in talks with Cable & Wireless Communications to buy its assets in Monaco and a host of island nations, including the Falklands Islands, a deal potentially worth around 1 billion dollars, three banking and industry sources said, reported in the Emirates media.

• Monday, September 17th 2012 - 17:29 UTC

  Cruise convention underlines South America’s potential for the industry

  

  South America was described as a ‘fantastic destination’ for the cruise industry but with an even greater potential said Chris Hayman at the closing ceremony of the two-day Seatrade South America Cruise Convention in Buenos Aires.

• Monday, September 17th 2012 - 14:57 UTC

  FOGL and Edison strike gas discovery to the East of the Falkland Islands

  

  Falkland Oil and Gas Ltd announced Monday that the well drilled to the East of the Falkland Islands to a depth of over 4.000 meters is a gas discovery. The statement comes after a rough week for FOGL when its shares plummeted following poor and unfounded press coverage.

• Saturday, September 15th 2012 - 06:54 UTC

  Growing number of Spanish companies looking to make business in Latin America

  

  An ever growing number of Spanish companies are setting their eyes on Latin America, a region with an expanding economy, abundant natural resources and much to be done as reported by Spain’s trade offices and Spanish chambers of commerce.