Alex Emery News
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Cia. de Minas Buenaventura SA, Peru’s biggest precious-metals producer, said first-quarter profit dropped for a fifth quarter on falling metals prices and output, missing analysts’ estimates.
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Southern Copper Corp., the largest producer of the metal in Peru and Mexico, said first-quarter profit fell for a fourth quarter on declining copper and silver prices, matching analysts’ estimates.
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NII Holdings Inc., the provider of Nextel mobile-phone service in Latin America, plans to sell about 4,500 wireless towers in Brazil and Mexico by midyear to focus investment on third-generation, or 3G, technology, Chief Executive Officer Steven Shindler said.
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Peru, the world’s largest fishmeal exporter, will see anchovy catches by companies including Copeinca ASA and Austevoll Seafood ASA drop by a quarter as the country seeks to boost stocks depleted by last year’s El Nino phenomenon, a government official said.
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Colombia’s President Juan Manuel Santos said he may run for re-election next year, daily El Tiempo reported.
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Coca-Cola Embonor SA, Chile’s second-largest Coca-Cola bottler, said it aims to invest $300 million in plant upgrades in the next two years.
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Petroleos Mexicanos said it started up its $530 million, 300 megawatt cogeneration power plant, part of a plan to become self-sufficient in energy generation.
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U.S. natural gas services company Exterran Holdings Inc. won a contract to operate one of Yacimientos Petroliferos Fiscales Bolivianos’ gas plants, state news agency ABI reported.
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Workers at Drummond Co., Colombia’s second-biggest thermal coal producer, voted to push for monthly salaries versus hourly wages in a proposed three-year labor accord, a union official said.
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Workers at Drummond Co., Colombia’s second-biggest thermal coal producer, began voting on demands for a three-year labor accord, a union official said.
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