Vancouver, Canada – Following a ruling by the Supreme Court of British Columbia, Canada, OCIM has secured full ownership of all shares in the companies that own two gold processing plants in Peru. This acquisition marks the end of a two-year period during which OCIM attempted to offer Inca One multiple restructuring solutions, including five
Santiago, Chile – The Chilean Chamber of Construction (CChC) and the National Mining Society (Sonami) have formally criticized the Ministry of Environment’s draft proposal defining governance rules for the implementation of the Escazú Agreement. In a public consultation held between January 10 and February 10, both industry groups raised concerns about significant shortcomings in the
Lima, Peru – Minsur S.A. (Grupo Breca) has announced that its subsidiary, Cumbres Andinas, which holds a 60% stake in Marcobre, the operator of the Mina Justa copper mine in Ica, has approved the selection phase study for the Mina Justa Underground Project (Puerta 2). This initiative aims to extend the life of the open-pit
April 2, 2025 – EDP Renewables has announced plans to auction 90 wind turbines and associated equipment initially purchased for two large-scale wind projects in La Guajira, Colombia. This decision confirms the company’s withdrawal from the construction of the Alpha (212 MW) and Beta (280 MW) wind farms, which were set to be Colombia’s largest
Quito, April 2, 2025 – Ecuador’s Esmeraldas III thermal power plant is set to enter its testing phase next week, marking a significant step in boosting the country’s electricity generation capacity. The project, which will add 91 megawatts (MW) to the national grid, is currently 80% complete, according to the Ministry of Energy and Mines.
Santiago, April 2, 2025 – Chile’s electricity matrix reached a new milestone in the first quarter of 2025, with non-conventional renewable energy (NCRE) sources setting a record share in total power generation. Data released by the National Electric Coordinator (CEN) on Tuesday revealed a significant increase in wind and solar energy contributions, while thermal and
Santiago, April 2, 2025 – Chile’s Ministry of Energy, in collaboration with the World Bank, has issued a call for expressions of interest from consulting firms to develop a roadmap for offshore wind energy. The submission deadline is set for April 10, 2025. The initiative aims to outline how offshore wind energy can be integrated
New Delhi, April 2, 2025 – Chile’s state-owned mining company, Codelco, has signed a cooperation agreement with Hindustan Copper Limited, India’s state mining firm. The deal aims to enhance collaboration in mineral exploration and extraction by exchanging expertise and knowledge between the two companies. The agreement was formalized during Chilean President Gabriel Boric’s state visit
Buenos Aires, April 2, 2025 – In a historic shift for Argentina’s energy sector, the country has successfully completed its first natural gas export to Brazil via Bolivia. This achievement was made possible by increased production from the Vaca Muerta shale formation and the utilization of existing Bolivian pipeline infrastructure. The export was carried out
Santiago, Chile – April 1, 2025 – Codelco, Chile’s state-owned copper producer, has secured a crucial financing agreement with the Japan Bank for International Cooperation (JBIC) to reinforce the global copper supply chain. The deal includes a $466 million loan from JBIC, complemented by an additional $200 million co-financed by a commercial bank. Strategic Alliance