Chile

Chile's state-owned mining company, Codelco, is targeting the start of lithium production at its Maricunga site by 2030. The Santiago, Chile-based company is developing the project from scratch and searching for a partner for such an endeavor. Rothschild & Co is evaluating partner candidates,...

Via El Planteo On Monday morning, a surprising discovery shook the 49th Quilicura Police Station when bags filled with marijuana and cocaine hydrochloride were found inside the bathroom used by police officers, according to Bio Bio Chile. The Military Prosecutor's Office and Carabineros have...

Antofagasta‘s (OTCPK: ANFGF) stock price is up 1.82% at last check Thursday, trading at $27.95 per share after news broke that the company signed a $600-million deal to enhance water supply systems in northern Chile. What Happened: The company took a critical step to ramp up mining...

It was the year 2013 and Santiago, Chile’s capital, was unknowingly about to become the epicenter of a digital phenomenon that would redefine the perception of cannabis in the Spanish-speaking world. Simón, Pascual and Joaquín Espinosa, three brothers with unparalleled vision...

Australian multinational miner BHP Group's (NYSE:BHP) nearly $40 billion bid for rival Anglo American (OTC: NGLOY) may not be enough to acquire the company as other diversified miners will probably make rival bids amid the global scramble for copper assets. After completing a $6.4 billion...

Gold Fields (NYSE:GFI) commenced production at its Salares Norte mine in Atacama, Chile. After over 13 years since the project’s initiation, the company poured its first gold-silver doré at an exciting time in the industry as the gold price keeps making fresh all-time highs. “To build a...

The Chilean government has unveiled an ambitious plan to double its lithium output over the next decade. The motivation behind this push lies in the nation’s recognition of the potential risks posed by lithium shortages, which could lead to significant economic repercussions for the second-...

The former president of Chile, Sebastián Piñera, died in a helicopter crash on Tuesday. The tragic event has plunged the nation into mourning and prompted an outpouring of condolences from leaders across Latin America. What Happened: The 74-year-old former president was flying in a helicopter that...

Capstone Copper Corp. (OTC:CSCCF) and Orion Mine Finance have brokered a financial deal, arranging a bought deal worth $375 million Canadian dollars with a syndicate of underwriters led by RBC Capital Markets. The deal is expected to close on Feb. 8, 2024, subject to customary closing conditions...

The Chilean government and Alphabet Inc’s Google (NASDAQ:GOOG) (NASDAQ:GOOGL) have made public their collaboration on a pioneering project – an undersea fiber-optic cable connecting South America with the Asia Pacific region. What Happened: The Chilean government and Google...

In recent years, cybersecurity policy and strategy have become pivotal for the sovereignty and protection of national infrastructures worldwide. With Latin America experiencing a staggering 1,600 cyber-attack attempts per second, it's particularly insightful to consider Chile's experience...

The lithium market is facing persistent turmoil as spot prices have continuously declined for more than a year. Supply shortages and speculation caused a lithium bubble in 2022, with spot prices reaching CNY 600,000 ($84,400)/ton. However, increased production and subdued Chinese demand caused the...

Sociedad Quimica Y Minera S.A. (NYSE: SQM) shares are trading higher on Thursday. Yesterday, the company inked a memorandum of understanding with the National Copper Corporation of Chile (Codelco) to develop lithium in the Salar de Atacama from 2025 to 2060. The execution of...

In a twist to a routine drug raid in Chile, police officers stumbled upon a sophisticated Bitcoin (CRYPTO: BTC) mining setup. What Happened: The Anti-Narcotics Brigade for Santiago's Metropolitan Region Southern Area Law enforcement discovered and seized 36 kilos of marijuana, a printing press for...

Circle (CRYPTO: USDC) unveiled a new partnership with Mercado Pago, a leading payment platform in Latin America and the fintech arm of MercadoLibre Inc (NASDAQ: MELI), to bring the USDC stablecoin to Chilean customers. This move is particularly significant given Chile's current...