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President Sebastian Pinera

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Pascua-Lama reactivation to take 1-2 years or more : Chile regulator

Barrick's suspended Pascua-Lama gold project will likely be reactivated in 1 to 2 years at the earliest, given the infrastructure that needs to be built to avoid water pollution, Chile's environmental regulator told Reuters on Thursday.Barrick's shares pared back their 6.14 percent rally after the news to trade 5.5 percent stronger.On Friday, the new regulator ordered the $8.5 billion project be halted and fined the company $16 million, citing serious environmental violations.A Chilean court in April had already temporarily halted the controversial project, which straddles the border of Chile and Argentina, to weigh claims by indigenous communities that Barrick has damaged pristine glaciers and harmed water supplies.The water management canals and drainage systems that were only partially implemented cannot be built "from one day to the next," environmental regulator Juan Carlos Monckeberg said in an interview."It could be one year, two years," he noted, underlining that the potential ...

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  1. Chile seeks more taxes, tighther safety at mines

    (Recasts, updates with mining minister comments on safety)By Alonso SotoSANTIAGO (Reuters) - Chilean President Sebastian Pinera Friday proposed boosting royalties pa...

  2. Chile, Suez agree to relocate $1.1 bln plant

    (Updates with Suez company response)SANTIAGO (Reuters) - Chile and France's GDF Suez have agreed to relocate a planned $1.1 billion thermal power plant, following a ...

  3. Chile secures lifeline to trapped miners, sends aid

    (Updates with quote from trapped miner, details)By Alonso SotoCOPIAPO, Chile (Reuters) - Chilean miners who survived 18 days after a cave-in received hydration gel a...

  4. Chile secures lifeline to trapped miners

    (Updates with drill hole reinforced, supplies to be sent)By Alonso SotoCOPIAPO, Chile, (Reuters) - Rescue workers Monday reinforced a small drill hole to serve as an...

  5. TIMELINE-Trapped Chilean miners alive, rescue to take months

    SANTIAGO (Reuters) - Thirty-three Chilean miners trapped deep underground for 17 days sent a message to the surface Sunday, saying they were all still alive, but exp...

  6. ANALYSIS-Latam seen stepping up forex intervention, but risky

    By Simon GardnerSANTIAGO (Reuters) - South American policymakers will likely step up intervention to stem surging currency gains, but they tread a fine line that ris...

  7. A LatAm airline colossus is born with TAM-LAN deal

    By Elzio Barreto and Brad HaynesSAO PAULO/SANTIAGO, (Reuters) - Brazil's TAM and Chile's LAN announced a proposed merger Friday that would create Latin America's lar...

  8. EMERGING MARKETS-Brazil, Mexico currencies gain

    (CORRECTS headline to reflect currencies' rise in Friday's session)By Michael O'BoyleMEXICO CITY (Reuters) - Mexico's peso and Brazil's real edged up Friday after be...

  9. EMERGING MARKETS-Brazil, Mexico currencies slide

    By Michael O'BoyleMEXICO CITY (Reuters) - Mexico's peso and Brazil's real edged up Friday after being battered through the week by concerns about slowing growth in t...

  10. New tack as fresh mine cave-in blocks Chile rescue

    (Updates with fresh President Pinera quote, plan details)By Alonso SotoCOPIAPO, Chile (Reuters) - Rescuers readied Sunday to drill small holes deep inside a mine in ...

  11. Chile June growth surprises, cenbank signals hikes

    (Updates with President Pinera comment)By Antonio de la Jara and Simon GardnerSANTIAGO (Reuters) - Chile's economy grew more than expected in June though the pace of...

  1. Chile Copper Strike Halts Codelco But Doesn't Spread to Private Mines

    What was supposed to be a nation-wide, 24-hour strike in Chile's copper mines Tuesday turned into industrial action only at state copper giant Corporacion Nacional d...

  2. In search of business, Europe changes tone in Latin America

    Five years ago during the closing speeches of a summit in Chile, Spain's king told Venezuelan President Hugo Chavez to "shut up" in an exchange that epitomized the f...

  3. Botched Chile Lithium Tender Won't Damp Mining Investments

    SANTIAGO, Chile--The botched tender for a lithium operations contract, resulting in a voided contest and the resignation of the mining undersecretary Tuesday, won't ...

  4. Obama, on Latin America Trip, Grapples With Libya

    President Barack Obama will head to Chile on Monday to lay out his vision for deeper ties with Latin America on a trip overshadowed by U.S. military air strikes to c...

  5. Hawaii Escapes Tsunami Damage, West Coast Next

    People fled their homes in parts of northern California on Friday as a tsunami triggered by the massive earthquake in Japan began hitting the West Coast after rollin...

  6. Chile LAN Expects Colombia Operations To Break Even By 2012

    SANTIAGO -(Dow Jones)- Chilean flagship carrier LAN Airlines SA (LFL, LAN.SN) expects its Colombian operations to break even by 2012, the company's chief financial o...

  7. Chile's Pinera : Free Trade Can Strengthen Economies

    Chile President Sebastian Pinera advocates more free trade between the U.S. and Chile

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