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☆ Tesla to roll into South America with first steps in Chile
▼ + stars: | 2023-11-09 | by ( ) www.reuters.com time to read: +2 min

Tesla Inc. vehicle facility is pictured in Costa Mesa, California, U.S., November 1, 2023. REUTERS/Mike Blake/File Photo Acquire Licensing RightsCompanies Tesla Inc FollowSANTIAGO, Nov 9 (Reuters) - Electric vehicle maker Tesla (TSLA.O) is looking to make inroads in South America by hiring personnel for a new operation in Chile and registering its name, according to public documents. Tesla Chile was registered and published in the Official Gazette on Sept. 28 and includes "the import, export, manufacturing, marketing, distribution and sale of vehicles, especially electric vehicles." Although Tesla Chile was registered with headquarters in Santiago, the registration leaves the option for "branches or agencies that may be established in other cities in the country or abroad." This would be Tesla's first direct commercial operation in South America.

Persons: Mike Blake, Elon Musk, BYD, Fabián Andrés, Alexander Villegas, Bill Berkrot Organizations: Tesla Inc, REUTERS, Tesla, Elon, Thomson Locations: Costa Mesa , California, U.S, South America, Chile, Tesla Chile, Santiago

☆ Chile's Codelco to hand over 24,000 hectares for glacier park
▼ + stars: | 2023-09-04 | by ( ) www.reuters.com time to read: +1 min

An aerial view of Olivares glacier in the Andes Mountain range, near Santiago city, Chile November 17, 2014. REUTERS/Ivan Alvarado/File Photo Acquire Licensing RightsSANTIAGO, Sept 4 (Reuters) - Chilean state-owned mining firm Codelco will give up some 24,000 hectares of land it holds concessions to near the Andes mountain range for a new national glacier park, the chair of the board announced on Monday. The move is "a strategic initiative to face the challenges of climate change," Codelco chair Maximo Pacheco said at an event. The glacier park sits along the upper part of the Olivares and Colorado river basins, to the east of the capital. Reporting by Fabian Andres Cambero; Writing by Valentine Hilaire; Editing by Josie KaoOur Standards: The Thomson Reuters Trust Principles.

Persons: Olivares, Ivan Alvarado, Codelco, Maximo Pacheco, Maximiliano Proano, Fabian Andres Cambero, Valentine Hilaire, Josie Kao Organizations: REUTERS, Rights, Thomson Locations: Santiago city, Chile, Chilean, Santiago, Colorado

☆ Chile's Codelco must kick-start lithium industry while reviving copper output
▼ + stars: | 2023-06-19 | by ( Fabian Cambero | ) www.reuters.com time to read: +4 min

At the same time, Codelco wants to boost its output of copper which has slumped to its lowest in a quarter-century. Some analysts have questioned whether the copper company with no experience as a lithium miner can tackle both challenges at once. But industry insiders told Reuters Codelco will probably focus its own resources on copper while negotiating contracts for lithium operations and letting other miners do the work. The sources said the lithium strategy was being led by executives including Jaime San Martin, manager of new business development, known by some within Codelco as "lithium man". "But I think lithium is an excellent opportunity for Codelco to help them navigate their very difficult copper situation."

Persons: Ivan Alvarado, SANTIAGO, Gabriel Boric, Codelco, Reuters Codelco, Albemarle, Jaime San Martin, Alejandro Rivera, Maximo Pacheco, Minera, SQM, Pacheco, Juan Carlos Guajardo, Plusmining, Guajardo, Andre Sougarret, Fabian Andrés Cambero, Alexander Villegas, Adam Jourdan, David Gregorio Our Organizations: REUTERS, Reuters, Tesla, BMW, Finance, Salares, Thomson Locations: Chile, Australia, Albemarle, Indonesia, Freeport, McMoRan, Chile's, Berlin, Beijing, Codelco, Santiago

☆ Scientists discover duck-billed dinosaur roamed Chile 72 million years ago
▼ + stars: | 2023-06-16 | by ( ) www.reuters.com time to read: +2 min

Scientists have dubbed the dinosaur Gonkoken nanoi and say it weighed up to a metric ton and could grow to 4 meters (13.12 feet) in length according to the study published in Science Advances. In 2013, an expedition led by the Chilean Antarctic Institute (INACH) discovered fragments of yellowish bones at the bottom of a hillside close to the major tourist destination Torres del Paine in Patagonia. "(The) Gonkoken nanoi is not an advanced duck-billed dinosaur, but rather an older transitional duck-billed lineage: an evolutionary link to advanced forms," said Alexander Vargas, another study author. "Gon" means similar or similar to and "koken" means wild duck or swan. Reporting by Fabian Andres Cambero; Writing by Alexander Villegas; Editing by Sandra MalerOur Standards: The Thomson Reuters Trust Principles.

Persons: Torres del, Read, del, Jhonathan Alarcon, Alarcon, Alexander Vargas, Mario, Fabian Andres Cambero, Alexander Villegas, Sandra Maler Organizations: El valle del rio, Torres del Paine, Chilean Antarctic Institute, del Paine, Thomson Locations: Chilean, El valle del, Chinas, Torres, Magallanes, Antarctic, Chile, SANTIAGO, Patagonia

☆ Chile's state miner launches subsidiaries to manage lithium takeover plan
▼ + stars: | 2023-05-19 | by ( ) www.reuters.com time to read: +1 min

SANTIAGO, May 19 (Reuters) - Chilean state miner Codelco, the world's largest copper producer, said on Friday it had created two subsidiaries to run a newly mandated lithium business amid a government plan to increase state control over the industry. The government instructed Codelco in April to begin talks with companies running lithium mining operations in Chile's Atacama salt flats as part of a new lithium strategy that will see the state take majority stakes in all "strategic" projects. As well as talks with the world's two largest lithium miners, Albemarle (ALB.N) and SQM (SQMA.SN), Codelco has also been tasked by President Gabriel Boric's government with developing new alliances. On Thursday, SQM said it expected to begin talks with Codelco in the coming weeks. Reporting by Fabian Andres Cambero; Writing by Sarah Morland; Editing by Jan HarveyOur Standards: The Thomson Reuters Trust Principles.

☆ Chile's SQM to start lithium talks with state miner Codelco in coming weeks, says CEO
▼ + stars: | 2023-05-18 | by ( ) www.reuters.com time to read: +1 min

[1/2] An aerial view shows the brine pools of SQM lithium mine on the Atacama salt flat in the Atacama desert of northern Chile, January 10, 2013. REUTERS/Ivan AlvaradoMEXICO CITY, May 18 (Reuters) - Chile's lithium miner SQM is set to start talks about lithium projects with state miner Codelco in the coming weeks, the firm's Chief Executive Officer Ricardo Ramos told analysts in a quarterly earnings call on Thursday. It did not specify quarterly prices in its latest report. "We are positive about volumes for the second quarter and semester," Ramos said when asked about the company's outlook, citing a ramp up of activity in China. "The second quarter is showing a more stable pattern," he said.

☆ Chile's lithium takeover plan faces technical, political challenges
▼ + stars: | 2023-04-28 | by ( Fabian Cambero | ) www.reuters.com time to read: +7 min

[1/3] A view of a brine pool of a lithium mine on the Atacama salt flat in the Atacama desert, Chile, August 16, 2018. REUTERS/Ivan Alvarado/File PhotoSANTIAGO, April 28 (Reuters) - While Chile's plan to take control of its lithium industry has caused global shockwaves, state-led production of the metal used to make electric vehicle batteries is seen by analysts as likely years away given technical and political challenges. CODELCO'S ROLEChile's state-run Codelco, the largest copper producer in the world, plays a key role in Boric's lithium plan although it has no experience in producing the white metal. The report noted that Argentina currently has more lithium projects in the pipeline than any other country in the world. Albemarle has said it needs new water sources to expand in Chile's Atacama salt flat, noting a desalination project was awaiting permits and construction.

☆ Magnitude 6.8 earthquake shakes Ecuador, at least four deaths reported
▼ + stars: | 2023-03-18 | by ( ) www.reuters.com time to read: +2 min

[1/5] A damaged car and rubble from a house affected by the earthquake are pictured in Cuenca, Ecuador. REUTERS/Rafa Idrovo EspinozaQUITO, March 18 (Reuters) - A magnitude 6.8 earthquake shook a coastal region of Ecuador and northern Peru midday Saturday, leaving at least four people dead and resulting in some structural damage. In the community of Machala, three people were killed and multiple structures collapsed, including a two-story home and a wharf, while multiple communities lost power. The earthquake also led to structural damage in two other provinces, including a collapsed wall in a supermarket, and was felt in more than half of the country's 24 provinces, the Secretariat said. The initial quake was followed by two weaker aftershocks in the following hour, according to the Geophysics Institute of Ecuador.

☆ Chile announces biological corridor to protect endangered deer
▼ + stars: | 2023-03-06 | by ( ) www.reuters.com time to read: +3 min

Rewilding Fundation Chile/Handout via REUTERSSANTIAGO, March 6 (Reuters) - Chile launched a program on Monday to protect the huemul, an endangered southern deer, by creating a biological corridor that includes an area recently donated by the family of the late philanthropist and founder of the North Face, Douglas Tompkins. The Rewilding Chile Foundation, Tompkins' legacy, along with Chile's Ministry of Agriculture, said that the "Huemul National Corridor" will be made up of approximately 16 connected, state-protected areas alongside other private conservation initiatives. Last week, Kristine Tompkins, co-founder and president of Rewilding Chile, met with President Gabriel Boric to donate 93,492 hectares (231,024 acres) for the creation of a new national park in the Magallanes region. The huemul is one of two species of native deer found only in the Patagonian forests of Argentina and Chile. Despite being originally found in areas in central Chile, the huemul can now be seen mainly in the southernmost regions of Aysen and Magallanes.

☆ Chile readies major earthquake insurance with World Bank
▼ + stars: | 2023-02-23 | by ( ) www.reuters.com time to read: +1 min

[1/3] A damaged car lies on debris after an earthquake hit areas of central Chile, in Coquimbo city, north of Santiago, Chile, September 17, 2015. REUTERS/Ivan Alvarado/File PhotoSANTIAGO, Feb 23 (Reuters) - Chile is finalizing a deal with the World Bank for insurance against high-intensity earthquakes that would impact the country's fiscal policy and public debt, the Finance Ministry said on Thursday. "The specific conditions of the insurance will be disclosed once this financial operation is completed, which would eventually occur in the coming weeks." The government said that studies to design different financial insurance structures with the World Bank - through the International Bank for Reconstruction and Development (IBRD)- began in June 2022. Chile is prone to earthquakes as it is located in the so-called Pacific Ring of Fire.

☆ Was the poet poisoned? Chile awaits new report on Neruda’s death
▼ + stars: | 2023-02-16 | by ( ) www.reuters.com time to read: +2 min

[1/4] A picture of Chilean poet and Nobel laureate Pablo Neruda is seen inside his museum house in the coastal sector of Isla Negra, Chile, April 26, 2016. REUTERS/Rodrigo GarridoFeb 15 (Reuters) - A third inquiry into the death of Chilean poet Pablo Neruda 50 years ago could shed new light on whether he was poisoned by political enemies, as alleged by some of his family. Rodolfo Reyes, a Neruda nephew, reiterated this week claims that his uncle - a member of the Communist party and the most important Chilean intellectual of the time - was poisoned. Previous tests have found no evidence Neruda, winner of the Nobel Prize for literature in 1971, was poisoned. Reporting by Fabian Andrés Cambero; Writing by Isabel Woodford; Editing by Tom HogueOur Standards: The Thomson Reuters Trust Principles.

☆ Chile battles deadliest wildfires on record as heatwave grips
▼ + stars: | 2023-02-06 | by ( Fabian Cambero | ) www.reuters.com time to read: +2 min

[1/5] Trees can be seen after a wildfire burned areas in Santa Juana, near Concepcion, Chile, February 5, 2023. REUTERS/Juan GonzalezSANTIAGO, Feb 6 (Reuters) - Chilean firefighters were battling to hold back forest fires on Monday as authorities said hot and dry weather would continue this week, potentially exacerbating what are already the deadliest blazes in the country's recent history. The state National Forestry Corporation reported that as of Monday morning there were 275 active fires, of which 69 were currently in combat. The heat wave and strong winds have caused a rapid spread of the flames during the Southern Hemisphere summer season. Reuters GraphicsReporting by Fabian Andres Cambero; Editing by Caitlin WebberOur Standards: The Thomson Reuters Trust Principles.

[1/8] Anti-government protesters clash with the police, as they demand the release of protesters detained in the protests, after President Pedro Castillo was ousted, in Lima, Peru January 21, 2023. REUTERS/Sebastian CastanedaLIMA, Jan 21 (Reuters) - Peruvian police arrested over 200 people accused of illegally entering the campus of a major Lima university, while authorities in Cusco shut the Incan citadel of Machu Picchu and the Inca trail as deadly anti-government protests spread nationwide. Some 46 people have been killed in the weeks-long clashes and another nine in traffic accidents related to the barricades set up amid the protests. In videos circulating online, an armored vehicle can be seen breaking down a door on the university campus to allow entry for security forces. Protests have rocked Peru since former President Pedro Castillo was ousted in December after he attempted to dissolve the legislature to prevent an impeachment vote.

☆ Chile investigates hepatitis A-tainted raspberries recalled in U.S.
▼ + stars: | 2022-12-06 | by ( ) www.reuters.com time to read: +1 min

SANTIAGO, Dec 6 (Reuters) - Chile's government launched an investigation on Tuesday after raspberries from a Chilean company were recalled in the United States due to hepatitis A contamination. U.S. Food and Drug Administration (FDA) testing found the presence of hepatitis A in James Farm brand frozen raspberries from the South American country, a major exporter of raspberries, blueberries, grapes and cherries. "The Agricultural and Livestock Service (SAG) has learned of these facts and has ordered an audit of the company," SAG Director Andrea Collado told Reuters, adding that the investigation could lead to a sanctions. The FDA said there have been no reports of illnesses or adverse reactions related to the fruits. Reporting by Fabian Andrés Cambero; Editing by Sandra MalerOur Standards: The Thomson Reuters Trust Principles.

☆ Enel Chile says agreement with Shell to bring $500 mln positive impact
▼ + stars: | 2022-11-25 | by ( ) www.reuters.com time to read: +1 min

SANTIAGO, Nov 25 (Reuters) - Enel Generacion Chile (ENELGXCH.SN) said on Friday that it reached an agreement with Shell (SHEL.L) to carry out contractual modifications that would have a pre-tax financial positive impact of about $500 million. In a note to local markets regulator, Enel Generacion Chile said the changes are still pending some corporate authorizations that are expected in December. The note said that "among others", one of the changes is the partial disposal of projected excess liquefied natural gas. "It is estimated that the operation will have a positive impact on the pre-tax result of Enel Generacion Chile of approximately USD 500 million," the note added. On Tuesday, Enel , the Chilean subsidiary's parent company in Italy, announced plans to sell $21.5 billion in assets and pull out of certain markets.

☆ Chile's GDP posts largest quarterly drop in over 2 years
▼ + stars: | 2022-11-18 | by ( ) www.reuters.com time to read: +1 min

SANTIAGO, Nov 18 (Reuters) - Chile's economy posted in the third quarter its largest sequential drop in more than two years, central bank data showed on Friday, as recession concerns grow in the world's largest copper producer. Gross domestic product (GDP) contracted 1.2% from the second quarter, the central bank said, its largest decrease since the second quarter of 2020, when the economy dropped 13% as the COVID-19 pandemic hit the Andean country. Chile's economy recovered rapidly from the pandemic-related downturn but was then hit by soaring inflation, leading the local central bank to hike interest rates aggressively to the current 11.25%. On a yearly basis, according to the central bank, Chile's economy expanded 0.3% in the third quarter, slightly above expectations of a 0.2% increase. Reporting by Fabian Andres Cambero and Gabriel Araujo; Editing by Steven GrattanOur Standards: The Thomson Reuters Trust Principles.

☆ Chilean authorities find body of missing British astronomer
▼ + stars: | 2022-11-10 | by ( ) www.reuters.com time to read: +1 min

SANTIAGO, Nov 10 (Reuters) - Chilean authorities on Thursday said they found the body of a British astronomer who went missing in mid-September at an observatory in the north of the country, where he had arrived for a scientific research visit. Authorities conducted an extensive search for Thomas Marsh, of the University of Warwick, across a vast area of the La Silla observatory, located in an arid, mountainous area 600 kilometers (373 miles) north of Chile's capital, Santiago. "After an intense search by a multidisciplinary team police officers (...) found the lifeless body of an astronomer missing since September 16," the police unit in the northern region of Coquimbo said on its Twitter account. The La Silla observatory is located on the southern edge of the Atacama Desert, about 2,400 meters (7,874 feet) above sea level. Northern Chile is a global hub for astronomical observation due to the quality of its skies.

☆ Chile inflation slows to 8-month low in positive surprise
▼ + stars: | 2022-11-08 | by ( Fabian Cambero | ) www.reuters.com time to read: +2 min

SANTIAGO, Nov 8 (Reuters) - Chile's inflation slowed to its lowest level in eight months in October, official data showed on Tuesday, a positive surprise likely to reinforce the central bank's take that its aggressive monetary tightening cycle has come to an end. According to INE, inflation last month was boosted mainly by higher food and non-alcoholic beverage prices, as well as transportation costs. Scotiabank's Chile senior economist Anibal Alarcon, on the other hand, said he already forecasts an aggressive rate cut of between 100 and 200 basis points in January 2023 after October's "true disinflationary surprise". "We expect the market to align with our view very quickly with significant falls in nominal rates," Alarcon added. Reporting by Fabian Andres Cambero and Gabriel Araujo; Editing by Steven Grattan and Chizu NomiyamaOur Standards: The Thomson Reuters Trust Principles.

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