Investments

• Tuesday, May 3rd 2011 - 17:08 UTC

  Petrobras earmarks 73 billion USD for investment in Santos pre-salt basin

  

  Petrobras announced the increased investment plans for the emerging Santos basin pre-salt assets, earmarking 73 billion US dollars for the 2011-2015 period. The vast sum is a 63% increase compared with the company’s 2010-2014 plan said a company statement.

• Monday, May 2nd 2011 - 00:31 UTC

  LAN plans to invest 4.6 billion USD on its fleet through 2014

  

  Chile's LAN Airlines group plans to spend around 4.6 billion US dollars on its fleet of aircraft through 2014, Chief Financial Officer Alejandro de la Fuente announced.

• Friday, April 29th 2011 - 05:47 UTC

  Brazil’s mining giant buys stake in controversial Amazon dam project

  

  Brazil giant mining corporation Vale SA, in which the government has a dominating stake position, agreed to buy a stake in a controversial hydro-power project in the Amazon and invest about 2.3 billion Real (1.5 billion USD).

• Thursday, April 28th 2011 - 02:54 UTC

  Argentina will limit farm land holdings and purchases by foreigners

  

  Argentina said on Wednesday it will restrict foreign ownership of farmland. President Cristina Fernández de Kirchner made the announcement during a televised speech at Government House saying she was sending a bill to Congress which will cap land ownership for foreigners.

• Thursday, April 28th 2011 - 02:41 UTC

  Chilean and Finnish companies confirm second pulp mill in Uruguay

  

  Chilean fuel and forestry conglomerate Empresas Copec SA will invest a record 1.2 billion US dollars this year, company president Roberto Angelini said on Wednesday, according to local newswire Valor Futuro.

• Wednesday, April 27th 2011 - 15:20 UTC

  Peugeot-Citroen marks two production milestones in Argentina and Brazil

  

  France’s PSA Peugeot Citroen recently marked two production milestones in Latin America. Production of the one-millionth vehicle at the Palomar plant in Argentina coincided with production of the one-millionth engine at the company’s Porto Real plant in the State of Rio de Janeiro, Brazil.

• Wednesday, April 27th 2011 - 08:54 UTC

  Brazil’s five largest airports will be managed under concession by private sector

  

  Brazil is planning to hand over the country's five largest airports to the private sector through concession agreements, in an effort to accelerate upgrades ahead of two major international events, Brazilian presidential Chief of Staff Antonio Palocci said Tuesday.

• Wednesday, April 27th 2011 - 08:30 UTC

  Uruguay’s flag carrier Pluna orders three more Canadian CRJ900

  

  Canada’s Bombardier Aerospace said Monday it has received another follow-on order from Uruguay’s flag carrier Pluna for three CRJ900 NextGen regional jets, helping the manufacturer's efforts to avoid layoffs.

• Tuesday, April 26th 2011 - 02:50 UTC

  Canada’s Barrick Gold fights to become heavy weight in copper production

  

  Canada's Barrick Gold Corp said on Tuesday it would take a “wait and see” approach if a higher bid emerges for its offer to pay 7.3 billion Canadian dollars for Equinox Minerals.

• Tuesday, April 26th 2011 - 01:34 UTC

  Falklands’ Argos acquires 3-D seismic data prepares to drill late 2011, early 2012

  

  Argos Resources Limited, the Falkland Islands based hydrocarbons exploration company, has reported that the company has completed the acquisition of 3-D seismic data over the entire area of its PL001 licence in the North Falkland Basin.