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Record foreign investment flows into Chile

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Record foreign investments in Chile during the first 11 months of this year are due to the increased number of mining projects and higher capex associated with them, according to the executive director of copper study centre Cesco, Juan Carlos Guajardo.

Figures released by foreign investment committee Cinver show the mining sector accounted for 82.9% of the total US$13.3bn in approved foreign investment in the January-November period. The figure represents a 201%...

Chavez/Santos normalize trade and energy relations: “we need to work together”

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Venezuelan President Hugo Chavez and Colombian counterpart Juan Manuel Santos agreed on 2nd November to strengthen ties through energy projects as they sought to improve relations and leave behind recent bitter disputes.
The two presidents agreed to resurrect plans for a natural gas pipeline stretching from Venezuela to Central America and also revived a proposal to build an oil pipeline from Venezuela's oil fields to Colombia's Pacific coast.

Swift Australia named Queensland exporter of the year

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At a gala presentation for the 21st Premier of Queensland's Export Awards held in Brisbane on October 21, Premier Anna Bligh announced Ipswich-based and Brazilian-owned company, Swift Australia, as the winner of the 2010 Queensland Exporter of the Year Award.

On a night that featured numerous references to the Latin American markets and their potential, it was only fitting that a company with such strong links to the region was able to take out the major award. As...

Chile to increase mining safety standards

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After the successful rescue of the 33 miners trapped in the San Jose mine in northern Chile, President Sebastian Piñera has promised to ratify International Labour Organization (ILO) Convention 176, which regulates mining safety standards.

The convention requires the state to implement adequate laws and regulations to ensure safety in the mining sector; outlines the responsibilities of private companies in the prevention of risk; and regulates the rights of...
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