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Antofagasta secures funding for Los Pelambres expansion project

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Management at Chilean miner Antofagasta Plc. (LON: ANTO) was able to secure this week full funding for the expansion project of its flagship Los Pelambres copper mine. The operation, located about 200 kilometres north of Chile's capital Santiago is responsible for about half of the company’s total copper output, which this year is expected to be somewhere between 750,000 and 790,000 tonnes of the red metal.

Industry funds foster METS collaboration

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Industry growth centre METS Ignited celebrated the awarding of its third round of collaborative in early March. The primary aim of the funding was to offer several mining equipment, technology and services (METS) companies the opportunity to drive collaboration and commercialisation of their various projects. Seven promising recipient companies were awarded a collective $4.1 million in all to this end.

BHP Americas boss says miners must make copper greener

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Copper producers must collectively raise their game to improve the metal's ethical and green credentials as ageing mines require more water and energy to produce the same amount of metal, one of BHP's most senior executives said on Friday. Many in the industry have emphasized the importance of copper in the quest for a lower carbon economy as its properties as an electricity conductor hand it a leading role in any shift to electric vehicles and a modernised grid.

Codelco to kick off Chuquicamata underground by mid-year

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Chile’s Codelco, the world’s No. 1 copper producer, plans to kick off underground operations at its century-old Chquicamata mine by mid-year, chairman Juan Benavides said Wednesday. The $5.6 billion-switch, part of Codelco’s 10-year, $39 billion-overhaul of its core mines, is expected to extend the mine’s life by at least 40 years. This will allow the copper giant keep production rates, despite falling ore grades and increasing costs at its assets.

FoodTech industry: What are the business opportunities in LATAM?

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FoodTech firms are constantly finding ways to disrupt the way we think about food. It’s not only focused on consumption either. Firms are looking at how the industry can become more sustainable, create less food waste and innovate traditional supply chains. Companies like Uber Eats, Corner Shop and Rappi have changed the whole food delivery process and our expectations and attitudes towards food along the way.

Chilean President Pinera’s Tax reform bill

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On 22 August 2018, Chilean President Sebastian Piñera announced his tax reform bill, with the aim to both simplify the current tax scheme and to add new era tax provisions, such as e-commerce and digital platforms. The bill is an extensive document that still needs to be discussed in the Chilean Parliament, where it is likely that the opposition will reject some of the proposed measures.
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