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Business Chile

  • *Miners say they are saving jobs, creating different roles. SANTIAGO/ LONDON, April 6- Mining companies chasing the kind of technological breakthroughs made long ago in the manufacture of cars and mobile phones have unveiled eye-catching innovations ranging from vast drills and remote-controlled trucks to second-by-second data analysis.

  • SANTIAGO, April 5- Poland's state-run KGHM, one of the world's biggest copper producers, will stay in Chile for the long term, and is assessing its Canadian assets, its CEO said in an interview. Our engagement in Chile is long term, "CEO Radoslaw Domagalski-Labedzki told Reuters in an interview on the sidelines of the CRU World Copper Conference in Santiago.

  • SANTIAGO, April 5- Freeport McMoRan Inc is awaiting final details on a temporary export permit in Indonesia, which would end a 12- week ban that has cost the world's biggest publicly traded copper company nearly $1 billion in lost revenues, its top executives told Reuters in an interview on Wednesday. "It shouldn't take very long, we're talking weeks," she said,...

  • SANTIAGO, April 5- Freeport McMoRan Inc is awaiting final details on a temporary export permit in Indonesia, which would end a 12- week ban that has cost the world's biggest publicly traded copper company nearly $1 billion in lost revenues, its top executives told Reuters in an interview on Wednesday. "It shouldn't take very long, we're talking weeks," she said,...

  • SANTIAGO, April 5- Freeport McMoRan Inc is awaiting final details on a temporary export permit in Indonesia, which would end a 12- week ban that has cost the world's biggest publicly traded copper company nearly $1 billion in lost revenues, its top executives told Reuters in an interview on Wednesday. "With the short-term arrangement, we'll start ramping...

  • SANTIAGO, April 5- The copper business will recover from crisis mode after plummeting prices for the metal resulted in output cuts, industry executives said at a meeting in world top copper producer Chile this week, but they expect that incipient recovery will be slow. "The market seems to have left behind its worst moment, although it's very premature to...

  • *Europe, U.S. natural fits, but elsewhere not ruled out. SANTIAGO, April 5- Aurubis AG, the world's biggest copper recycler, is likely to start its search for acquisitions in Europe and the United States as it looks to expand into other metals, but will not get into mining, its chief executive told Reuters. Alongside major copper smelters in Hamburg and Luenen in Germany,...

  • SANTIAGO, April 4- The world's biggest copper producer Chile needs to adopt new technologies and improve labor and community relations in order to maintain its global standing, industry leaders said on Tuesday. This week Chile hosts the CRU World Copper Conference in Santiago, where the nation's declining ore grades and a dispute at its biggest mine, Escondida,...

  • SANTIAGO, April 3- Southern Copper Corp hopes to dissuade workers at its Toquepala and Cuajone mines in Peru from striking this month, as a second labor union this year in the world's No.2 copper producer seeks a larger share of profits. The union, one of five representing Southern Copper workers in Peru, plans to hold an indefinite strike starting April 7 or 10,...

  • SANTIAGO, April 3- Chile's Caserones copper mine, which has suffered a series of technical problems in its ramp-up stage that have continually pushed back its start completion date, should be fully functioning by mid-year, a senior mine executive said Monday. The mine is now running at more than 90 percent capacity, Kazutaka Shiba, the chief executive of Mitsui...

  • *China manufacturing expands, but at a slower pace. Specifically for aluminum there is talk about capacity cuts in China because of environmental concerns, "said Bernstein analyst Paul Gait. CHINA ALUMINIUM: China early last month ordered steel and aluminum producers in 28 cities to slash output during the winter months in a bid to curb noxious smog.

  • *Sees deficit earlier than in previous remarks. SANTIAGO, April 2- The copper market is likely to see a small shortage as early as this year because of a lack of new supply and the removal of up to 800,000 tonnes over the past 18 months in response to modest prices, Rio Tinto's copper and diamonds chief will say on Tuesday. But Arnaud Soirat, chief executive of Copper&...

  • One of two listed casino operators in South Africa, Sun International has been hit by sluggish economic growth in its home market. It is scheduled to open its second-largest casino and entertainment complex there, the 4.2 billion rand Time Square project in Pretoria, next month. The owner of Sun City resort and the Sibaya Casino in South Africa said the slowing...

  • ANTOFAGASTA, Chile, March 23- The strike at Chile's Escondida, the world's largest copper mine, is ending after workers decided to invoke a rarely used legal provision that allows them to extend their old contract, the union said on Thursday. Hours earlier, talks between the two sides failed, and Escondida, which is operated by BHP Billiton, said it would attempt to...

  • ANTOFAGASTA, Chile, March 22- Leaders of the striking union at BHP Billiton's Escondida mine in Chile will meet with the rank-and-file before making any additional decisions about negotiations, a union spokesman said after exiting a meeting with BHP on Wednesday. "No comment, we're going to meet with the base," union spokesman Carlos Allendes told reporters.

  • A general view of a butchers shop, in Sao Paulo, Brazil on March 20, 2017.

    Fallout from a meatpacking industry scandal in Brazil, widened on Monday as China, the EU, South Korea and Chile curtailed meat imports.

  • Battered by Brazil's recent economic downturn, Latin America's largest airline does not expect a return to its former investment grade status much before 2019, Enrique Cueto told Reuters in an interview in Santiago.

  • Miners of the Escondida copper mine, on strike, block a road outside of Escondida, some 145 km northeast of Antofagasta, Chile, on March 8, 2017.

    The union called the fresh offer from management to end the strike "manipulative."

  • SANTIAGO, March 18- A 35- year-old driver for ride services company Uber was shot dead in the Chilean capital Santiago as he attempted to resist being robbed by passengers, police said on Saturday. Three people had requested the ride late on Friday using a cash payment option that Uber introduced last year, Santiago police said. Uber's unit in Chile did not...

  • BUENOS AIRES, March 17- Argentina is pushing for closer ties with Britain ahead of its largest trade mission to London in two decades later this month by avoiding a historical point of disagreement: competing sovereignty claims to the Falkland Islands. Argentina has also expressed interest in a bilateral trade deal as Britain exits the European Union, a...