Tag: copper

• Sunday, October 9th 2011 - 10:04 UTC

  Chilean inflation in September picks up; central bank to keep buying dollars

  

  Chilean inflation rose 0.5% in September and the trade balance narrowed as falling copper output forced the first monthly year-on-year fall in exports in over two years.

• Friday, October 7th 2011 - 22:21 UTC

  Predominance of Chinese demand rattles Chile’s economic prospects

  

  Even when the price of copper, Chile’s number one export, only begun to recover Friday of continued consecutive falls, in September and the first week of October the red metal reached its lowest level in 14 months.

• Friday, July 22nd 2011 - 15:53 UTC

  Confirmed: Copper for another century at Chile’s main Escondida mine

  

  The giant miner BHP Billiton announced this week a 129% increase in the mineral resource at and around Chile’s Escondida, the world's biggest copper mine.

• Monday, April 25th 2011 - 06:07 UTC

  Mining and energy concentrate most investments in Chile in record year 2010

  

  Estimated investment in Chile reached a total of US$130 billion during 2010, including US$42.7 billion in potential investments. This total marks a rise of 16% from 2009, according to Sofofa. Last year’s figures are the highest in five years.

• Wednesday, April 13th 2011 - 17:06 UTC

  Chile raises basic rate to 4.5%, but more on the pipeline says Capital Economics

  

  The Central Bank of Chile (CBC) hiked interest rates by 50bps to 4.5% on Wednesday but with the near-term outlook for growth very good and inflation likely to top 5% in Q4, further policy tightening is on the way, reports Capital Economics that estimates rates to reach 6% by year-end.

• Thursday, April 7th 2011 - 20:10 UTC

  Chile’s 20 major corporations booming with profits up 18% last year

  

  Business is booming in Chile as the nation’s top 20 major businesses increased their revenue by 18% in 2010. The largest increase in profits came from Chile’s mining sector, where profits grew to 10.9 billion US dollars last year, up 60% since 2009.

• Thursday, February 24th 2011 - 06:55 UTC

  Mining companies increase investments in Chile in spite of rising costs

  

  Two major mining companies, Barrick Gold and Collahuasi, both plan to dramatically increase investments in their northern Chile gold and copper operations despite rising inflation and increased production costs.

• Monday, February 14th 2011 - 09:10 UTC

  China, second largest copper producer in 2010, ahead of the US and Peru

  

  Chile’s Copper Commission (Cochilco) has predicted that China became the world’s second largest copper producer in 2010, overtaking the United States and Peru.

• Tuesday, February 8th 2011 - 16:29 UTC

  Chile exports increase 30% in 2010, led by copper and lumber sales

  

  Chile achieved a record year for exports in 2010, according to a report by ProChile. Exports in 2010 were valued to be 69.6 billion US dollars, up nearly 30% from the 2009 figure, 53.7 billion USD.

• Thursday, January 6th 2011 - 12:05 UTC

  Record prices for copper plummet the US dollar to new lows against Chilean Peso

  

  The US dollar ended 2010 at a record low vis-à-vis the Chilean peso which has soared on the strong global demand for copper, the country’s main export. On Friday December 31st the US dollar was operating at 467.30 and 467.80 in Santiago’s money markets, which is the lowest since May 19, 3008 with 467.40.