Investments

Saturday, February 9th 2008 - 20:00 UTC
Punta Arenas premium beer to the US, UK and Mexico

Chilean brewery Austral from Punta Arenas has announced it will begin exporting to the United States, Mexico and England. The company will market its premium Calafate, Yagun and Patagonia brands in select locations.
Thursday, February 7th 2008 - 20:00 UTC
Battle of giants for control of world's basic minerals

Rio Tinto, one of the world's largest mining firms rejected on Wednesday a sweetened mega merger bid from BHP Billiton worth 147 billion US dollars. If the two companies had merged, a company would have been created that controlled one third of the world's iron-ore market.
Tuesday, February 5th 2008 - 20:00 UTC
BHP Billiton turns down Chinalco offer about Rio Tinto stake

The head of the Chinese company that recently bought a chunk of mining giant Río Tinto said yesterday it was a strategic investment, and hinted his company would consider selling to BHP Billiton if the price was right.
Tuesday, February 5th 2008 - 20:00 UTC
Falkland Islands to Replace Camp Telephone System

On 1 February 2008 the contract between Falkland Islands Government (FIG) and Cable and Wireless South Atlantic Ltd (C&W) was signed thereby confirming that work will proceed on the installation in Camp of a new and modern telephone service, offering Broadband. The installation is expected to be complete by April/May 2009.
Monday, February 4th 2008 - 20:00 UTC
UK: concerns about wind farms threat to MoD radar

Concerns about wind turbines interfering with military radar are threatening ambitious Government plans of £ 200 million windfarm development.
Friday, February 1st 2008 - 20:00 UTC
Alcoa and China up stakes in mining premier league

China has teamed up with US aluminum giant Alcoa to buy a 12% stake in Anglo-Australian miner Rio Tinto for 14 billion US dollars. The state-owned Aluminum Corp of China (Chinalco) said the purchase was the largest Chinese investment overseas.
Tuesday, January 29th 2008 - 20:00 UTC
Falklands' Stanley Growers experience repeated in P. Natales

Two young Chilean agronomists, one of them having worked in Falkland Islands Stanley Growers, are setting up a similar hydroponics business in Puerto Natales with the purpose of providing fresh vegetables to Punta Arenas and in the near future to the cruise industry.
Tuesday, January 29th 2008 - 20:00 UTC
Brazilian corporation targeting major global acquisition

Xstrata Plc, the world's fourth- largest copper producer, rose to a three-week high in London trading after newspaper reports that Brazil's Cia. Vale do Rio Doce may agree to buy the company within the next few days.
Monday, January 28th 2008 - 20:00 UTC
Record inflow of foreign investment to Brazil in 2007

Foreign direct investment in Brazil reached a record 34.6 billion US dollars (almost double the 18.7 billion of 2006) reported the Brazilian Central Bank. FDI this year is expected to topple 28 billion US dollars with an estimated record 4.5 billion in January.
Monday, January 28th 2008 - 20:00 UTC
Lively discussion of Falklands' deep-water port options

Port William outside of Stanley Harbour is proving a popular option with the Falkland Islands business community for a future deep-water port, however environmentalists are less enthusiastic.