Investments

• Tuesday, March 29th 2022 - 09:50 UTC

  Uruguayan Defense receives three bids for purchase of OPVs

  

  Uruguay's Ministry of Defense will now have to weigh three bids from manufacturers of Dutch, French, and Chinese origin who are interested in selling two Ocean Patrol Vessels (OPV) to the South American country's Navy, it was announced Monday in Montevideo after the tender was opened.

• Saturday, March 26th 2022 - 09:36 UTC

  Argentine shipyard Tandanor to handle maintenance of French-built OPVs

  

  Argentina's Navy top brass have met with executives from France's Naval Group and the local shipyard Tandanor to move on with the training of technicians for the maintenance of the four ocean patrol vessels (OPVs) purchased in the last year.

• Friday, March 25th 2022 - 09:20 UTC

  Falklands Chamber of Commerce satisfied port project advances, but warns FIG on “gaps and issues”

  

  The Falkland Islands Chamber of Commerce has reacted positively to news that the new port construction will go ahead. Invited to respond to the news in the light of recent controversy (FIG approved the Port Development Planning application despite a recommendation against by the Planning and Building Committee) a spokesperson for the Chamber responded to the Penguin News as follows:

• Thursday, March 24th 2022 - 09:30 UTC

  Falklands' War Mapping Project expected to begin this month at Mount Tumbledown

  

  Waterloo Uncovered, the groundbreaking charity that combines archaeology with veteran care and recovery, will be visiting the Falkland Islands this month to begin the first intensive archaeological survey of its battlefields.

• Thursday, March 24th 2022 - 09:15 UTC

  Renault reopens plant in Moscow, after overcoming “electronic component shortages”

  

  Carmaker Renault, partly owned by the French government, this week reopened its assembly plant in Russia, at a time when many international corporations are closing their businesses because of sanctions imposed on Moscow and public opinion pressure linked to the invasion of Ukraine.

• Wednesday, March 23rd 2022 - 09:00 UTC

  Falklands' Liberation: 5,6 miles yomp Charity challenge, remembering Royal Marines epic 56 mile yomp in 1982

  

  Britain's Royal Marines Charity has set a challenge for its supporters, wherever they are in the world, to run, walk or cycle 5.6 miles in June to mark 40 years since the liberation of the Falkland Islands and raise money.

• Tuesday, March 22nd 2022 - 09:45 UTC

  Argentine President welcomes SK firm's brass ahead of lithium project start

  

  Argentine President Alberto Fernández Monday welcomed a group of executives from South Korean company POSCO (Pohang Iron and Steel Company) who are in the country to build a commercial lithium plant in the province of Salta. POSCO is the world's sixth-largest steel producer.

• Friday, March 18th 2022 - 20:31 UTC

  Livent to increase lithium output in the Argentine province of Catamarca

  

  Business developer Elon Musk's Tesla has been eyeing Argentine lithium for its battery-powered cars, due to which suppliers intend to double down output at Catamarca, it was reported.

• Friday, March 18th 2022 - 09:40 UTC

  Argentine beef exporting consortium gives in to gov't demands

  

  A leading beef-exporting group in Argentina, which earlier this week had stood up to the Government's demands that the domestic market should be prioritized over shipments abroad, has given in to the authorities' warning and agreed to supply their share of cuts at “Cared-for Prices.”

• Thursday, March 17th 2022 - 20:56 UTC

  Uruguayan fruit company in the red has new owners

  

  The international produce company Frutura has bought over the Uruguay-based Citrícola Salteña, a leading global supplier and marketer of high-quality citrus and juice.