Investments

• Wednesday, July 30th 2008 - 21:00 UTC

  Rio Tinto Corumba project target: 14.1 million tons of iron

  

  Rio Tinto PLC, the world's second-largest iron ore producer announced Tuesday it will spend 2.15 billion US dollars on a major expansion of its iron ore mine in Corumbá, Brazil, to help meet increasing demand in South America and the Middle East.

• Tuesday, July 29th 2008 - 21:00 UTC

  Chilean mining companies, Latam's most profitable

  Chilean mining companies top the list of Latin America's 500 most profitable companies, according to the magazine América Economía.

• Tuesday, July 29th 2008 - 21:00 UTC

  Air industry future is here: merger of British and Iberia

  

  British Airways is on the verge of joining forces with Spanish carrier Iberia after revealing both companies' boards' unanimously support an all-share merger. In a statement British Airways said it was in talks with Iberia with a view to an all-share merger of the two companies.

• Monday, July 28th 2008 - 21:00 UTC

  Uruguay presents in The Hague documents on Botnia dispute

  

  Uruguay will be complying Monday with its final written presentation in The Hague on the Botnia pulp mill construction dispute with Argentina that alleges Uruguay ignored water joint management agreements.

• Wednesday, July 23rd 2008 - 21:00 UTC

  Gas from coal to fuel methanol plant in extreme south Chile

  

  Canada's Methanex, the world's main producer of methanol, is planning to convert coal into natural gas to supply its huge complex in the extreme south of Chile which has been working below capacity precisely because of insufficient gas, said the corporation's CEO Bruce Aitken.

• Thursday, July 17th 2008 - 21:00 UTC

  Promising discovery of diamonds in north-east Paraguay

  

  Ten diamonds ranging in size from 0.002 to 0.04 carats have been discovered in the north east of landlocked Paraguay, reported Latin American Minerals Inc., a mineral exploration company focused on the acquisition and development of properties of highly prospective countries of the region.

• Thursday, July 17th 2008 - 21:00 UTC

  Argentine government takes over Aerolineas

  

  Argentina announced Thursday it had reached an agreement with the Spanish group Marsans for the transfer of the country's main airline Aerolíenas Argentinas and its subsidiary Austral to the Argentine state.

• Wednesday, July 16th 2008 - 21:00 UTC

  Ecuador, Venezuela agree to build biggest oil refinery

  

  Rafael Correa, the Ecuadorian president, and Hugo Chavez, his Venezuelan counterpart, have entered into an agreement to build the biggest oil refinery on South America's Pacific coast.

• Saturday, July 12th 2008 - 21:00 UTC

  Latam must double investment in infrastructure

  

  In the immediate future, Latinamerica must invest between 150 and 200 billion US dollars a year in infrastructure in order to boost economic growth and reduce poverty, World Bank Vice President, Pamela Cox said in Lima, Peru.

• Friday, July 4th 2008 - 21:00 UTC

  Brazil begins process to renew entire fleet of fighter jets

  

  Brazil launched the process to buy at least 36 fighter jets as part of a broader plan to modernize its Air Force and in keeping with neighbors that are also in the process of overhauling their fleets.