Chile News
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Updated 3 hours, 22 minutes ago
The death toll from an accident at Freeport-McMoRan Copper & Gold Inc.’s Grasberg mine complex in Indonesia rose to 17 as Chief Executive Officer Richard Adkerson arrived in the country.
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Chile’s peso dropped for a 10th day, extending its stretch of losses to the longest since November 2007, after a report showed the economy expanded in the first quarter slower than forecast.
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Ecopower SAC, a Chilean renewable- energy developer, filed for permits to develop a $250 million wind farm in the country’s Los Lagos region.
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Copper futures rose, heading for the longest rally since January, after an accident at the world’s second-biggest mine triggered supply concerns for the metal used in pipes and wires.
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Chile’s economy grew less than analysts expected in the first quarter as a surge in investment began to ease.
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The death toll from an accident at Freeport-McMoRan Copper & Gold Inc.’s Grasberg mine complex in Indonesia rose to 17 as Chief Executive Officer Richard Adkerson arrived in the country.
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MEMC Electronic Materials Inc.’s SunEdison LLC unit is seeking funding from the World Bank’s private-sector financing arm to build a 50-megawatt solar plant in Chile that plans to sell power at commercial rates.
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The death toll from an accident at Freeport-McMoRan Copper & Gold Inc.’s mine in Papua province rose to 11 as Chief Executive Officer Richard Adkerson arrived in Indonesia.
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Chilean Finance Minister Felipe Larrain said economic growth is slowing, while dismissing concern that consumer spending increases will come to an abrupt end.
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Mario Brescia Cafferata, who with his older brother Pedro built the family business into one of Peru’s largest conglomerates and the country’s second-largest lender, has died, El Comercio reported. He was 83.
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