Investments

• Monday, April 25th 2011 - 07:20 UTC

  Gary Garrabrant of Equity International to attend Brazil's largest real estate event

  

  Gary Garrabrant, CEO and co-founder (with Sam Zell) of Equity International, has confirmed his presence at ADIT Invest, Brazil's biggest event in the field of real estate and tourism investment, to be held in Fortaleza from 10 – 12 May.

• Monday, April 25th 2011 - 06:07 UTC

  Mining and energy concentrate most investments in Chile in record year 2010

  

  Estimated investment in Chile reached a total of US$130 billion during 2010, including US$42.7 billion in potential investments. This total marks a rise of 16% from 2009, according to Sofofa. Last year’s figures are the highest in five years.

• Thursday, April 21st 2011 - 03:20 UTC

  Chile looking for a new icebreaker to strengthen presence in Antarctica

  

  The Chilean Navy icebreaker is scheduled to be decommissioned in four years time so “we are in the task of considering a replacement” revealed Third Naval Zone Commander Rear Admiral Rafael Gonzalez during a press conference in Punta Arenas to review results of the last Antarctic season.

• Wednesday, April 20th 2011 - 01:07 UTC

  Google invests in the world’s largest wind farm in the state of Oregon

  

  Google Inc. said announced this week that together with two Japanese partners they will pay General Electric Co. about 500 million US dollars for a majority equity stake in the world's largest wind farm, under construction in Oregon.

• Tuesday, April 19th 2011 - 16:11 UTC

  Falkland Islands’ 2012 oil exploration drilling round announced by FOGL

  

  Falkland Oil and Gas Ltd plans to raise £32m through a placing of shares at 70p each, with the money earmarked for the oil and gas exploration company’s 2012 drilling program, according to a release from the company heavily involved in exploration to the South and East of the Falkland Islands.

• Tuesday, April 19th 2011 - 13:53 UTC

  Argentina joins manufacturing of Brazil’s KC 390 jet powered military transport

  

  Brazil and Argentina aircraft industries have signed a partnership contract for the manufacturing of the Embraer KC 390, a medium sized twin engine jet powered military transport aircraft with a 23 tons capacity.

• Monday, April 18th 2011 - 10:09 UTC

  Mexican tycoon plans to invest 1.5 billion USD in Argentine telecommunications

  

  Mexican telecom magnate Carlos Slim, ranked as the world's wealthiest man by Forbes magazine, plans to invest 1.5 billion US dollars over the next two years in Argentina's telecommunications sector, officials said.

• Monday, April 18th 2011 - 10:03 UTC

  Desire plugs Ninky well, plans to move to East Flank based on positive 3D

  

  Falkland Islands Desire Petroleum reported Monday that it had completed the drilling of its Ninky prospect (2.620 metres) which showed the reservoir quality “is generally poor” and therefore the well will be plugged and abandoned, according to an official report released Monday.

• Saturday, April 16th 2011 - 02:00 UTC

  Canadian company will develop gold mine project in Argentine Patagonia

  

  Argentina's Planning Ministry said Thursday that Canadian mining company Goldcorp Inc. (GG) will invest 850 million US dollars to put into production its Cerro Negro gold project in Santa Cruz Province.

• Saturday, April 16th 2011 - 01:53 UTC

  Norway’s Statoil makes major oil discovery in the Brazilian Campos basin

  

  Norway’s biggest oil and gas producer Statoil ASA, said the “significant” oil discovery made adjacent to the Peregrino field in the Campos basin off Brazil may warrant a separate installation to speed up development.