Investments

Thursday, November 19th 2009 - 06:05 UTC
Desalinization plant in north Chile to support iron mining

CAP, one of Chile's largest mining companies, announced plans this week to construct a 250 million US dollars desalinization plant to provide water for its iron mining operations in Chile’s northern Atacama area (Region III).
Friday, November 13th 2009 - 15:22 UTC
British Airways/Iberia merger will create Europe’s third largest airline

British Airways and Spanish airline Iberia say they have reached a preliminary agreement for a merger expected to be completed in late 2010. The merger, which must be approved by the European Commission, would create Europe's third biggest airline.
Under its terms, Iberia would take a 45% stake and BA, which last week reported a six-month pre-tax loss of £292m, a 55% stake in the company.
Tuesday, November 10th 2009 - 11:47 UTC
Welsh couple and syndicate from Liverpool hit £ 90 million jackpot

The winning ticket holders of the United Kingdom's largest-ever lottery prize are a married couple from Newport, in south Wales, and a syndicate from Liverpool. The two tickets will take a £45,570,835.50 share of Friday's £90m (100 million Euros) Euro-millions jackpot.
Saturday, November 7th 2009 - 16:16 UTC
Mining and construction backbone of Chile’s economic recovery

Mining and construction industries have led Chile’s economic recovery, according to a recently released economic report.
Thursday, November 5th 2009 - 09:51 UTC
Petrobras receives Chinese financing to develop sub-salt oil resources

Brazil's government managed oil and gas group Petrobras announced Wednesday it had signed a contract permitting the first payment from a 10 billion US dollar loan from China to help it finance upcoming investments.
Thursday, November 5th 2009 - 05:42 UTC
Chinese company buys oil assets in the US for the first time

Chinese energy giant China National Offshore Oil Corporation (CNOOC) has bought oil assets in the US for the first time. CNOOC purchased limited stakes in four deepwater exploitation licences in the Gulf of Mexico from Norway's Statoil. The size of the deal is secret, but Statoil said it was small.
Monday, November 2nd 2009 - 14:14 UTC
Stora Enso confirms construction of pulp mill in Uruguay

The Swedish-Finland group Stora Enso and Chile’s Arauco confirmed to the Uruguayan government their intention of building a pulp mill in the country with an investment in the range of two billion US dollars reports the Montevideo daily Ultimas Noticias.
Saturday, October 31st 2009 - 11:41 UTC
Argentina and Uruguay again clash over the Botnia pulp mill

The Argentine government strongly repudiated on Friday a report from the Environmental Board of Uruguay saying Argentina had “adulterated” information referred to the pulp mill dispute submitted to the International Court at The Hague.
Saturday, October 31st 2009 - 11:35 UTC
“Oasis of the Seas” with its 2.700 cabins on maiden voyage to Florida

The world's largest cruise liner began Friday its maiden voyage to Florida, gliding out from a shipyard in Finland with an amphitheatre, basketball courts and an ice rink on board. The 16-deck Oasis of the Seas spans 360 metres from bow to stern. Its 2,700 cabins can accommodate 6,300 passengers and 2,100 crew.
Friday, October 30th 2009 - 11:10 UTC
Argentina Chile plan to bore two integration tunnels under the Andes

Relations between Argentina and Chile are going through an optimum moment and once we drill through the Andes, “ghosts of the past will definitively have gone”, said Argentine president Cristina Fernandez de Kirchner during the first of her two day visit to Chile.