Investments

Thursday, March 5th 2009 - 17:19 UTC
Andean tunnel project to physically integrate Mercosur

A Chilean and an Argentine company signed a partnership this week for the construction of a low altitude tunnel crossing the Andes to connect the neighboring countries, the crucial link for a bi-oceanic project dating back to 1994.
Thursday, March 5th 2009 - 16:38 UTC
Successful drilling of new gas well in Magallanes region

GeoPark Holdings has announced the successful drilling and testing of a new gas well - Yagan 1 - on the Fell Block in the extreme south of Chile at an initial production test rate exceeding 10 million cubic feet per day (mmcfpd) of gas.
Tuesday, March 3rd 2009 - 23:00 UTC
Chinese auto maker could acquire Ford's Volvo brand

China's Geely is expected to submit a bid to acquire Ford's Sweden's Volvo brand in a bold attempt to expand internationally. There are at least three other possible bidders, one of which is also a Chinese company, according to one of the people.
Monday, March 2nd 2009 - 23:00 UTC
Peru invites Chile to coordinate copper sales globally

Peruvian president Alan Garcia has suggested Peru and Chile should coordinate copper exploitation policies so as to have better control over international prices. The initiative occurs twenty years after the dissolution of the last copper cartel in the world.
Thursday, February 19th 2009 - 20:00 UTC
Brazil/China sign long term oil supply and funding accord

Brazil signed an agreement to supply China with 100,000 to 160,000 barrels of oil per day at market prices in exchange for a loan from the China Development Bank to help develop its huge oil reserves.
Wednesday, February 18th 2009 - 20:00 UTC
Morales after European partners for mining projects

French conglomerate Bollore plans to submit a plan to develop Bolivia's Lake Uyuni lithium deposit one of the world's largest said a spokesman for Bolivian President Evo Morales who is currently visiting France.
Saturday, February 14th 2009 - 20:00 UTC
Petrobras overseas investment targets US and Argentina

Brazil's government-managed oil and gas corporation Petrobrás announced Friday its international 2009/2013 investment plan totalling 15.9 billion US dollars, of which 44% has been earmarked for allocation in United States and Argentina.
Saturday, February 14th 2009 - 20:00 UTC
KBR-Halliburton reaches agreement in overseas bribery case

Kellog, Brown & Root, KBR, the engineering, construction, and services company, and its former parent, Halliburton, have agreed to pay a combined 579 million US dollars to settle US criminal and civil allegations that KBR bribed Nigerian government officials to obtain contracts.
Thursday, February 12th 2009 - 20:00 UTC
China doubles stake in debt-pressed miner giant Rio Tinto

Anglo-Australian miner Rio Tinto has announced that China's state-owned Chinalco is to invest a further 19.5 billion US dollars in the business. The move - China's largest investment in a foreign company - could see Chinalco increase its stake in Rio to 18% from the current level of 9%.
Thursday, February 12th 2009 - 20:00 UTC
Bolivia reveals companies' interest in lithium reserves

Four foreign companies are interested in mining lithium in Salar de Uyuni, the world's largest known deposit of that metal, with the aim of producing automobile batteries, a Bolivian government official said this week.