The success of a $20 billion plan to revive Codelco, the world’s largest copper producer, may rely increasingly on its first appointed woman director following the firing last week of Chief Executive Officer Thomas Keller.
Codelco Chief Executive Officer Thomas Keller was asked to resign after his unyielding approach to cutting costs and preventing an output slide at the world’s biggest copper miner riled some board members and union leaders.
A private investment fund led by Chilean broker and asset manager Larrain Vial SA agreed to pay about $500 million for all of local health insurer and medical services company Colmena Golden Cross SA, El Mercurio said.
Cencosud SA, Latin America’s third- biggest retailer by sales, declined the most in a month after El Mercurio reported it has withdrawn from a deal to sell control of its credit card unit to Brazil’s Itau Unibanco Holding SA.
Chilean students reversed an earlier decision and will go ahead with nationwide demonstrations on Sept. 8 to push for improvements to the education system, El Mercurio reported, citing protest leader Camila Vallejo.