Tag: copper

• Wednesday, August 28th 2019 - 10:04 UTC

  Chile announces US$ 600 million stimulus package to counter mining downturn

  

  Chile's finance minister announced on Monday US$ 600 million in additional stimulus to kick-start the top copper producer's sputtering economy, which has suffered from a downturn in mining and global trade tensions.

• Monday, November 11th 2013 - 18:56 UTC

  Majority of Chileans, 83% support nationalizing copper, but it's not an issue of the presidential campaign

  

  In an annual poll released last month, 83% of Chileans voted positively when asked “Are you in favor or against the proposal to nationalize copper?” — registering overwhelming support for a prospective reform that, while radical, remains relatively low on the list of campaign hot topics the November 17 presidential election.

• Wednesday, August 7th 2013 - 03:04 UTC

  Chile investment in mining expected to reach 112 billion in eight years

  

  Chile expects mining investment to reach 112 billion US dollars by 2021, Mining Minister Hernan de Solminihac announced this week. This includes the 27bn planned by Chile’s National Copper Corporation, Codelco. Overall the sum is 8% higher than the November forecast.

• Wednesday, July 10th 2013 - 06:01 UTC

  Storm clouds ahead for Chilean economy as world copper prices continue to fall

  

  Chile cut its copper output forecast for the year to 5.53 million tons due to setbacks at certain mines, though production is still expected to jump from 2012 as a new deposit comes online, the mining ministry said this week.

• Wednesday, July 10th 2013 - 05:39 UTC

  IMF anticipates slower growth for Chile’s export dependent economy

  

  Growth in Chile's export-dependent economy will slow to 4.6% this year due to softer copper prices, investment and domestic demand, the IMF said in a report posted on the central bank's website earlier this week. In April, the IMF projected the economy of the world's leading copper producer would expand by 4.9% in 2013.

• Wednesday, March 20th 2013 - 08:26 UTC

  Mining and construction boom fuelled Chilean economy in 2012, growing 5.6%

  

  Chile’s GDP expanded 5.6% in 2012 as a boom in the mining and real estate industries demand boosted investment and sparked an increase in consumer spending. The economy grew 5.7% in the fourth quarter from 2011, the central bank said in a report on its website.

• Thursday, September 6th 2012 - 03:59 UTC

  ‘Copper insulated’ Chilean economy outperforming and Peso becoming too strong

  

  The Chilean central bank raised its forecast for economic growth this year to between 4.75% and 5.25% (from 4% to 5%), adding that it expects GDP to expand 4% to 5% in 2013.

• Thursday, August 23rd 2012 - 06:14 UTC

  Chile’s 2013 budget based on 5% growth and copper at 3.06 dollars the pound

  

  Chile is planning a 2013 budget with a tendency growth of 5% and an average long term basic copper price of 3.06 dollars the pound revealed finance minister Felipe Larraín together with Rosanna Costa, head of the Budget Office during a presentation before Congress.

• Saturday, July 14th 2012 - 06:48 UTC

  Chile’s copper industry wants to develop shale gas to help lower energy prices

  

  Shale gas may be the solution to one of the most serious problems the Chilean mining industry is facing because of the very high energy prices due to limited supply.

• Thursday, November 24th 2011 - 15:18 UTC

  Chilean economy slows down as the mining sector contracts 6.5% in third quarter

  

  Chile's economy grew a seasonally adjusted 0.6% in the third quarter from the second quarter of 2011, slowing from a downwardly revised 1.3% in the previous quarter.