Investments

Wednesday, May 25th 2011 - 22:49 UTC
Brazil’s Vale to invest 2.9bn USD in the country’s largest port by volume

Brazil’s Vale Doce, the world’s biggest iron-ore producer, said it will invest 2.9 billion US dollars to increase the capacity of the Ponta da Madeira terminal in northern Brazil, making it the largest port in the country by volume.
Wednesday, May 25th 2011 - 22:37 UTC
Uruguay/Argentine LNG floating terminal project attracts 39 industry leaders

Uruguay and Argentina have received interest from 39 companies to build infrastructure for a floating LNG terminal, a project they are fast-tracking to start operations by the end of 2013, a project adviser said Tuesday.
Wednesday, May 25th 2011 - 06:44 UTC
Brazil plans to invest heavily in wind farms natural gas fired plants

Brazil which gets about 80% of its energy from hydroelectricity is considering a record investment of 4.1 billion Real (2.5 billion USD) for wind farms this year to diversify its power supply.
Tuesday, May 24th 2011 - 22:04 UTC
New York Times says sacrificing Chilean Patagonia for a power is an irreparable mistake

The New York Times has joined the Aysén region project controversy in Chilean Patagonia which was recently approved but has triggered massive protests from environmentalists and an overwhelming rejection from the majority of the population according to public opinion polls.
Tuesday, May 24th 2011 - 06:39 UTC
Korean conglomerate LGI secures oil block in southern Chile

GeoPark oil and gas company with operations in Latin America announced in a joint release the definitive sale of oil and gas exploration and production blocks in the south of Chile to the Korean conglomerate LG International Corporation.
Monday, May 23rd 2011 - 06:04 UTC
Colombia’s oil company makes new discovery; plans to drill another ten wells in the block

Colombian state oil company Ecopetrol said it made a new discovery at a well in the south-eastern Caño Sur block, of which the company is the sole owner and operator.
The Mito-1 exploratory well yielded an average of 200 barrels per day of heavy oil in initial testing, Ecopetrol, which plans to drill another 10 wells at that block in the near future, said.
Sunday, May 22nd 2011 - 22:46 UTC
Argentina and Peru main recipients of Chilean investments in services sector

Argentina and Peru are the top recipients of Chilean overseas investments in the service sector according to report released last week covering a two decade period from 1990 to 2010.
Saturday, May 21st 2011 - 09:14 UTC
US processor building 180.000 tons storage grain terminal in Uruguay

US agricultural processor Archer Daniels Midland Co said this week it was building a grain export terminal in Nueva Palmira, Uruguay, capable of loading large bulk shipments of corn, wheat, soybeans and soy-meal.
Friday, May 20th 2011 - 10:24 UTC
Uruguayan airline Pluna planning to open new domestic routes in Chile

For years LAN Chile has dominated the Chilean airways, but recent reports suggest Uruguayan based airline Pluna is hoping to open up new domestic flights within Chile, increasing the competition already offered by Sky airlines and PAL airlines.
Friday, May 20th 2011 - 01:07 UTC
Falklands’ oil exploration companies expand early 2012 drilling program

Borders & Southern Petroleum has extended a contract for exploratory drilling in Falkland Islands waters to include at least another two wells, it was announced on Thursday by parties involved.