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  • SANTIAGO, Aug 31- A Chilean union that represents copper mine workers rejected a move by Freeport-McMoRan Inc to drastically cut staff at its El Abra mine and said on Monday it was considering action. Last week, Arizona- based Freeport, which owns a 51 percent stake in the mine in northern Chile, became one of the first big global miners to announce it was slashing...

  • SANTIAGO, Aug 31- A Chilean union that represents copper mine workers on Monday rejected a move to drastically cut staff at the El Abra mine owned by Freeport-McMoRan and was considering action after 700 workers had their jobs terminated at the weekend. Last week, Arizona- based Freeport, which owns a 51 percent stake in the mine in northern Chile, became one of the...

  • SANTIAGO, Chile— Chile's state-run copper giant Codelco says its profit plunged more than 30 percent in the first half of 2015 from the previous year because of tumbling prices for the metal. The world's largest copper company said Friday it earned $875 million in the first semester compared to $1.3 billion in the same period a year ago. The company has been hard...

  • As Argentina struggles, TV ad producers flock to Chile Wednesday, 26 Aug 2015 | 10:41 AM ET

    SANTIAGO, Aug 26- When the creators of an elaborate 2013 Cadillac commercial began to scout for shooting locations three years ago, they began in Argentina, where varied landscapes and creative talent had long attracted ad producers. Argentina demanded hefty deposits on all vehicles, cameras, and lights, and producers were unsure when- or even if- their imports...

  • SANTIAGO, Aug 17- Drawn in by equity-free financing and promises of hands-on mentoring, dozens of female entrepreneurs will head to Chile in the coming weeks to participate in what the government says is the world's first state-run start-up program solely for women. It's not the first attempt by Chile to catalyze its start-up scene. But The S Factory, part of a...

  • SAO PAULO/ SANTIAGO, Aug 6- LATAM Airlines Group SA, Latin America's largest carrier, said on Thursday a recovery in its results would depend on a turnaround in the slumping Brazilian economy. The Santiago- based company formerly known as LAN Airlines SA merged three years ago with Brazil's TAM. "The effect would have been much greater if there hadn't been such...

  • SAO PAULO/ SANTIAGO, Aug 6- LATAM Airlines Group SA, Latin America's largest carrier, announced on Thursday the unification of its LAN and TAM brands into a single corporate identity to be known as LATAM. The rebranding comes three years after the Santiago- based company, formerly known as LAN Airlines SA, merged with Brazil's TAM to create the region's largest...

  • July 30- Barrick Gold Corp agreed on Thursday to sell 50 percent of its Zaldivar copper mine in Chile to copper miner Antofagasta Plc for $1 billion in cash, and both parties stressed that this was just the start of more cooperation. Both Barrick and Antofagasta said the deal was a launch pad for future co-operation, likely in Chile where Barrick owns large, unbuilt...

  • UPDATE 1-UN sees Latin America barely growing in 2015 Wednesday, 29 Jul 2015 | 10:46 AM ET

    SANTIAGO, July 29- Latin America is expected to register anemic 0.5 percent growth in 2015, down from a prior estimate of 1.0 percent, the United Nations' regional arm said on Wednesday, as China decelerates and investment falls. The economy of regional powerhouse Brazil will likely contract 1.5 percent, while Mexico is seen growing 2.4 percent, the Santiago-...

  • BUENOS AIRES, July 22- Argentina is still struggling with a dearth of hard currency and mortgages but with a change of government later this year, investors at home and abroad are positioning themselves for a real estate market revival they say is already taking root. Local tycoon Eduardo Costantini says he launched a new gated community in his luxury Nordelta...

  • DIARY-Emerging Markets Economic Events to Aug 4 Tuesday, 21 Jul 2015 | 8:01 PM ET

    PRETORIA- South African Reserve Bank interest rate decision- 1300 GMT. ANKARA- Central Bank of Turkey to hold monetary policy committee meeting to set interest rates. JERUSALEM- Bank of Israel interest rate decision- 1330 GMT.

  • *Flooding stalled mining in Chile. MELBOURNE/ TOKYO, July 3- Supply of high quality copper concentrate shrank more than expected in the first half of this year due to output delays in top miner Chile, squeezing the pipeline for metal producers and likely supporting prices later in 2015, traders said. Production from two of four mines in Chile that churn out clean,...

  • METALS-London copper turns higher, Greece in focus Wednesday, 24 Jun 2015 | 3:45 AM ET

    *China's copper imports down 12 pct in January-May. MELBOURNE, June 24- London copper erased early losses on Wednesday to turn higher, as the focus shifted from a seasonal decline in demand to optimism over a potential deal on Greek debt and as the dollar weakened. "Clearly, the issues in Greece are impacting sentiment and no one really wants to jump on board here just...

  • SANTIAGO, June 21- Chilean authorities declared an environmental emergency for the Santiago metropolitan region for Monday, forcing more than 900 industries to temporarily shut down and about 40 percent of the capital's 1.7 million cars off the roads. "We're currently facing unusual conditions, with one of the driest Junes in over 40 years as well as really bad...

  • NEW YORK, May 20- Fertilizer producer ICL Israel Chemicals is interested in buying phosphate assets in Brazil and also sees a good fit with Chile's SQM, as it looks to expand into Latin America, its chief executive said on Wednesday. CEO Stefan Borgas did not say how much he was prepared to spend on acquisitions, but said he favors an integrated approach to growth,...

  • DIARY- Emerging Markets Economic Events to June 1 Tuesday, 19 May 2015 | 8:02 PM ET

    ANKARA- Central bank of Turkey to hold monthly monetary policy committee meeting. PRAGUE- International Monetary Fund holds a press conference at the end of its annual mission to the Czech Republic- 1315 GMT. BRASILIA- International Monetary Fund head Christine Lagarde visits Brazil to participate in a central bank seminar about inflation targeting.

  • DIARY- Emerging Markets Economic Events to May 26 Tuesday, 12 May 2015 | 8:02 PM ET

    LONDON- Brazilian Finance Minister Joaquin Levy visits the United Kingdom and holds a press conference- 1645 GMT. SARAJEVO- Sarajevo Business Forum 2015. WASHINGTON- European Central Bank President Mario Draghi will give the Michel Camdessus Central Banking Lecture at the IMF- 0800 GMT.

  • DIARY- Emerging Markets Economic Events to May 14 Thursday, 30 Apr 2015 | 8:02 PM ET

    SANTIAGO- Central bank of Chile to release the minutes of April policy meeting- 1230 GMT. BUDAPEST- Central Bank of Hungary non-rate-setting meeting. WARSAW- National Bank of Poland holds Monetary Policy Council Meeting.

  • SANTIAGO, April 30- Chilean fertilizer SQM, which is listed in Santiago with ADRs on the Nasdaq, said on Thursday it was unable to file the company's annual report with U.S. regulators on time because of an internal investigation into possible illicit payments. The company, which was privatized in the 1980 s under the dictatorship of Augusto Pinochet and has...

  • LATAM Airlines rules itself out of TAP sale Tuesday, 28 Apr 2015 | 1:04 PM ET

    SANTIAGO, April 28- LATAM Airlines Group SA, Latin America's biggest carrier, said on Tuesday it would not participate in the privatization of Portuguese flag-carrier TAP under current market conditions. However, LATAM- formed in 2012 with the merger of Chile's LAN and Brazil's TAM- thinks now is not the right time, Chairman Mauricio Amaro told journalists...