|GDF SUEZ : cherche partenaire au Chili 03/12/2012 14:08
GDF Suez cherche un partenaire stratégique pour l'un des plus grands projets énergétiques dans le nord du Chili.|
|Gaffe costs Chile mint boss dear
The general manager of the Chilean mint has been dismissed after thousands of coins were issued with the name of the country spelt wrongly.
The 50-peso coins - worth about 10 cents (6p) - were issued in 2008, but no-one noticed the mistake until late last year.
Instead of C-H-I-L-E, the coins had C-H-I-I-E stamped on them.
The coins have since become collectors' items and the mint says it has no plans to take them out of circulation.
The BBC's Gideon Long, in the Chilean capital Santiago, says people have been hoarding the coins in the hope their value rises.
But the mistake has cost the mint's general manager, Gregorio Iniguez, and several other employees, their jobs.
It is not the first embarrassing blunder at the Chilean mint, says our correspondent.
Last October, someone there sold a rare medal, which should have been housed in the institution's museum, to a coin collector.
A month later, another medal - this one bearing the face of the country's then President Michelle Bachelet - was inadvertently sold on the open market.
The latest blunder has caused a few chuckles in Chile, says our correspondent, and prompted shoppers up and down the country to view their loose change in a new light.
Story from BBC NEWS:
Published: 2010/02/12 03:59:02 GMT|
|Strong earthquakes strike Chilean coast UPDATE
Date : 13/12/2007 @ 09:21
Source : TFN
Strong earthquakes strike Chilean coast UPDATE
(Updates with details of two more quakes)
WASHINGTON (Thomson Financial) - A series of strong earthquakes measuring
6.0, 5.3 and 6.2 on the moment magnitude scale have struck north of Antofagasta
along Chile's Pacific coast, US geologists said.
There were no immediate reports of injuries or damage.
The first earthquake, of 6.0 magnitude, struck 55 km north of the Chilean
city, and was followed about two hours later by a 6.2 quake that rattled the
same region, the US geological survey said.
The first earthquake took place at 2:20 am, some 1,140 km north of the
Chilean capital of Santiago, the USGS said. It was 40 km deep.
Fifteen minutes later, geologists recorded a second earthquake measuring 5.2
in the same area, this time 69 km north of Antofagasta.
The third quake, measuring 6.2, was 59 km deep. Its epicentre was 70 km
north of Antofagasta and 1,155 km north of Santiago, according to the USGS.
US geologists use the moment magnitude scale, which measures the area of the
fault that ruptured and the total energy released.
|Strong quake strikes in Pacific off Chile
Date : 29/11/2007 @ 06:57
Source : TFN
Strong quake strikes in Pacific off Chile
WASHINGTON Thomson Financial - A strong 6.3-magnitude earthquake struck
hundreds of kilometers (miles) from Chile's Pacific coast, US geologists
The earthquake, which was 10 kilometers (6.2 miles) deep, took place late
Wednesday 2,475 km (1,540 miles) southwest of Chile's capital Santiago, the US
Geological Survey said.
US geologists use the moment magnitude scale, which measures the area of the
fault that ruptured and the total energy released.
|Total wins right to explore for gas in Chile, gets 100 pct of Otway tract
PARIS (Thomson Financial) - Energy giant Total said it has won a tender to
explore for natural gas in Chile, and will sign a contract in the next few
months to have a 100 pct interest in the 5,965-square-km Otway tract.
Financial details were not disclosed.
The project marks Total's entry into Chile, and is part of its strategy of
diversifying its exploration activities.
Exploration on the tract will begin with seismic surveys in 2008, followed
by the drilling of two wells.
|(Euro Aeronautic EADS's CASA unit sells 3 C-295 maritime surveillance aircraft to Chilean Navy
PARIS (Thomson Financial) - EADS's Spanish unit CASA has signed a deal to
sell three of its C-295 maritime surveillance aircraft to the Chilean Navy, with
an option for a further five.
EADS did not reveal the list price of the aircraft.
EADS said the Chilean navy's aircraft "will be used to survey maritime areas
of national interest and to safeguard human lives at sea."
The deal takes EADS CASA's total orders so far for the aircraft up to 58, of
which 37 are already in service. EADS did not say when the aircraft would be
delivered to Chile.
EADS describes the C-295 medium range twin turboprop aircraft as a
"multipurpose" aircraft which can be used for humanitarian missions, deployment
of rapid reaction forces and in maritime surveillance and homeland security.
Jam today, not mañana
Sep 20th 2007 | SANTIAGO
From The Economist print edition
Stronger democracies have brought demands for a share-out of economic growth. Two reports, the first from Chile, the next from Peru (see article)
DESPITE a transition to democracy and rapid economic growth, Chileans have grumbled a lot over the past 20 years-but only quietly. Many felt let down by the terms on which General Augusto Pinochet yielded power in 1990, which let him stay on as head of the army for eight years; but their complaints were muted by relief at the return of democracy. Many were also disappointed that the centre-left coalition, called the Concertación, which has governed since 1990, maintained the dictatorship's free-market policies; but that disappointment was tempered by the prosperity and improved services that these policies delivered.
The muted complaints have suddenly become louder. Last year, encouraged by the promise of Michelle Bachelet, Chile's president since March 2006, to lead a more "participatory" sort of democracy, secondary-school children took to the streets to demand better education in the biggest protests since the 1980s. With the price of copper, the main export, at record levels and the economy growing at 6% this year, workers are protesting too.
Until recently, strikes were relatively rare in Chile. Last year, however, miners at Escondida, the world's biggest copper mine, won a hefty increase after a month-long strike. This year has seen stoppages in the forestry industry and a 36-day strike by sub-contracted workers at Codelco, the state-owned copper producer.
"Workers see a country that is growing and companies that are doing well and they're tired of waiting," explains Arturo Martínez, president of the Central Unitaria de Trabajadores (CUT), the main trade-union confederation. The unions point to Chile's unequal income distribution. A government survey last year found that almost 1m workers, or 15% of the total, were earning less than the legal minimum take-home pay of just over $200 a month.
With unemployment dropping sharply, wage demands are unsurprising. They are also being fanned by the Communist Party. It is aggrieved by the government's failure to act on a campaign promise to reform an electoral system, left in place by the dictatorship, which makes it almost impossible for small parties (such as itself) to win seats in Congress.
Trade-union leaders say the country is on the brink of social conflagration. Certainly, recent strikes have been unusually violent, as was a national day of protest called by the CUT, the Communist Party and others on August 29th. This gained the support of some Concertación politicians, who have taken to railing against their own government's "neoliberalism". They object to a strict fiscal policy under which much of the windfall gain from the copper price is being saved for the future. (This will enable the government to spend its way out of any future recession.)
Rather than a big ideological shift, the discontent reflects a change in labour relations. Workers are more aware of their rights and want them respected, says a senior manager at Codelco. One matter of contention is sub-contracting. This has helped to keep exports competitive, but in some industries it has been used as a means of obtaining a low-wage workforce on short-term contracts.
A new law seeks to prevent the misuse of sub-contracting. Last month the government set up a committee to consider broader changes in labour laws. "We're not condemned to look at poverty and inequality and merely wait for growth and the trickle-down of wealth to take care of them," said Ms Bachelet recently. The government also wants to set up special courts to settle worker grievances and to strengthen unemployment insurance.
Economic, political and social stability since 1990 has been crucial in attracting the investment, both local and foreign, that has secured rapid economic growth. As a result, Chile is a much richer country: income per head is almost $9,000, up from $2,400 in 1990. At this stage in its development, further capital investment and better education should raise productivity and thus wages, in a virtuous circle.
There is plenty of scope for improving productivity. The management of forests and plantations is five times more labour-intensive than it is in Scandinavia, for example. But improving education takes time. And as an alternative to capital investment, Chilean firms can import cheap labour from poorer neighbours, such as Peru and Bolivia, points out Rosanna Costa of Libertad y Desarrollo, a conservative think-tank. That is happening in low-paid jobs in construction and agriculture.
Chileans are throwing off the mental shackles imposed by the dictatorship. The process was accelerated by Pinochet's death last December. But political freedom has bred impatience for a fairer share-out of the fruits of growth. Ms Bachelet has proved less adept than her predecessors at serving up the Concertación's successful recipe of economic liberalism combined with redistributive social policies.
Even so, Chile seems unlikely to veer towards populism. Greater prosperity has brought mortgages and credit-card debts. These are "the new chains of the workers," complains Mr Martínez. They are also a sign that most Chileans now have a stake in stability.|
|Clashes in national protest in Chile
Date : 29/08/2007 @ 18:08
Source : TFN
Clashes in national protest in Chile
SANTIAGO, Chile (AP) - Police used tear gas and water cannons against
demonstrators staging nationwide protests Wednesday over government social and
economic policies. At least 56 people were detained.
Police repeatedly blocked protesters from marching toward the center of
Chile's capital, but demonstrators blocked traffic at some key intersections.
Police reported 56 people had been detained.
The country's largest union federation called the protests of free-market
economics and "the social policies of this government, which is doing things
very badly," said union leader Arturo Martinez, member of President Michelle
Bachelet's Socialist Party.
Bachelet appeared especially upset that some members of her own coalition
were backing the protests.
"I am not going to accept that my dedication to social justice is not
recognized," she said Monday night.
Chile's center-left government has maintained a largely free-market economic
model, which includes free-trade agreements with the United States and other
Protest organizers called for higher pensions and better education, health
and housing services.|
konkel - 6 Aug'07 - 12:14 - 271 of 271
I hear the deal may have been pulled at the death....hope you all sold in the market!!
What other information do you have from your source, on other shares, konkel? Is it all of the same quality?|
|I hear the deal may have been pulled at the death....hope you all sold in the market!!|
|From Friday's RNS
The expected timetable for the implementation of the Scheme is as follows:
Suspension of trading on AIM 7.00 a.m. on 6 August 2007
Cancellation of trading on AIM and of CIT Shares 7.00a.m. on 7 August 2007
Latest date for despatch of cheques in respect of cash 17 August 2007
consideration (and for settlement of cash
consideration through CREST)|
|Well done to those that held out! I missed the boat by a fraction when I had 65p target. Still the right way to go with a fresh start and to get rid of all that bad publicity Mr TS attracted.|
|Ok, why can you buy at 98p? - that looks a good deal!! Has everyone else gone!?|
|Two New Cuban Rums Launched in Chile
Santiago, Chile, June 27 (Prensa Latina) Cuban rum's latest varieties, one of them at least 15 years maturing, were introduced to business people in the Chilean capital by the Pernod Ricard Group distributor.
Titled "The Best of Cuba in Chile", the presentation of the Havana Club Barrel Proof and the 15-year Mature Havana Club was made by Pernod Ricard manager in Chile, Laurent Pillet, and Cuban Ambassador Giraldo Mazola.
Pillet explained that Havana Club has been gaining ground in the international market with over 2.4 million cases sold last year.
It is a most sold brand in Chile, reaching about one million bottles since 2004, the year when Pernod Ricard took over distribution here.
For his part, the Cuban diplomat noted that in only three years, Pernod Ricard has managed to turn Havana Club into one of the three main foreign brands in the Chilean market and the first in the Premium and Reserve-quality products.
After referring to the Island's economic growth despite the economic blockade imposed by the US for over 45 years, Mazola noted the willingness to broaden trade exchange and collaboration with the South American country, so that they match the long-standing friendly, solidarity relations between the peoples of Cuba and Chile.
hr ccs rma jl
|Yes, looks like he is fully sold out soon......and rather rich!!|
|after Compro that`s a good deal for Tom|
|Well a £1 it is. Bit disappointing, but a profit is a profit I suppose!|
|Looks like Tom is doing OK|
|God, I'm good!!!|
|ABB wins order worth 26 mln usd from Chile
ZURICH (Thomson Financial) - ABB Ltd said it has won a four-year contract
worth 26 mln usd from Chilean copper producer Compania Minera Dona Ines de
Collahuasi SCM to carry out maintenance on the group's ore-dressing facility.
|Chile ratings affirmed; outlook revised to positive from stable - Fitch
Date : 16/05/2007 @ 07:00
Source : AFX
Chile ratings affirmed; outlook revised to positive from stable - Fitch
MUMBAI (Thomson Financial) - Fitch Ratings has affirmed and revised the
outlook on Chile's ratings to positive from stable citing continuing positive
trends in public finance and external balance sheets.
The ratings agency has a long-term foreign currency issuer default rating of
'A', long-term local currency issuer default rating of 'A+', short-term issuer
default rating of 'F1' and country ceiling of 'AA' on Chile.
'Fitch's expectation that positive trends in public finance and external
balance sheets will continue, raise the likelihood of a ratings upgrade over a
horizon of two years,' said Theresa Fredel, senior director for Latin American
Although net external debt ratios have improved significantly relative to
peers and are now approaching the 'A' median, even stronger ratios are merited
given Chile's commodity dependence, the ratings agency said.
Chile's creditworthiness continues to strengthen on enhancement of its
prudent, rules-based macroeconomic policies along with high commodity prices,
which in turn have contributed to external balance sheet improvements, Fitch