Chile

According to a report by UNESCO released on Friday, glaciers are disappearing more quickly than ever. The last three years saw the greatest loss of mass on record. Michael Zemp of the Switzerland-based World Glacier Monitoring Service said that the 9,000 gigatons (or a quarter of a million tons) of ice lost by glaciers since 1975 is roughly equivalent to an ice block as large as Germany and with a thickness of 25 meters. This was revealed at a Geneva press conference to announce the report. Climate change caused by fossil fuels will likely cause global temperatures to rise, accelerating...

The Patagonian Ice Dragon of Chile is a tiny, but mighty insect. It lives in frozen glaciers and feeds on algae and bacteria. It is now an endangered species due to global warming, which is accelerating the loss of glaciers. Maribet Gamboa is a researcher from Chile's UCSC University. She leads a study aimed at conserving the Patagonian dragon, and the glaciers that it lives in. The research is aimed at understanding the Patagonian Dragon and the glacier. Gamboa added that scientists had taken samples of the insect in order to determine the genes which have been adapted to the...

The Chilean government fined Italian electrical energy supplier Enel's regional system $19 million on Wednesday over prolonged power interruptions in 2024. In a statement, the federal government stated it was fining the company over four violations after heavy storms at the end of the Southern Hemisphere winter season last August caused extended power outages, in many cases lasting more than 15 days. Chile's SEC electrical regulator stated the company failed to correctly preserve its facilities, took too long to restore power, stopped working to turn over details to the federal government and did not have an appropriate system to get...

At more than 3,700 meters (12,000 feet) above water level, the karachi. swims happily in thick salt flat waters, however residents worry a. future lithium task will threaten this extremeenvironment. fish. The Orestias ascotanensis is a little ray-finned fish that. grows to simply 7.5 centimeters (3 inches), however has actually adjusted to the. Ascotan salt flat's high concentrations of heavy metals and. variable salinity. The salt flat likewise sees high solar radiation and temperature level. variations that reach 26 Celsius (79 Fahrenheit) throughout the day. and below freezing in the evening, according to Marco Mendez, a. teacher at the University...

Italy's Enel has grown mindful on a solar panel project in the United States, however is committed to invest to keep its concessions in Brazil and Chile, the utility's chief executive stated on Monday. Presenting the group's upgraded three-year technique to 2027, Enel's CEO Flavio Cattaneo said the business would push ahead with a strategy to develop a photovoltaic panel factory in Oklahoma only if it discovers a U.S. investor all set to take most of the task. If a U.S. financier does not believes in it, why ought to I do it? Cattaneo stated. The task announced by previous...

Chile's federal government has actually created a new bond to encourage the South American nation to safeguard nature and guard conservation efforts from future modifications of government, Environment Minister Maisa Rojas stated on Tuesday. The bond structure, developed with Chile's finance ministry, consists of goals for preservation that could lead to financial penalties if they are not satisfied, Rojas told Reuters on the sidelines of the United Nations COP 16 biodiversity summit in Cali, Colombia. It suggests that the country has a dedication due to the fact that we don't. wish to pay charges, Rojas said, adding that future financing....

The Argentine salt flats in South America's lithium triangle have been among the busiest websites for endeavors racing to extract the battery metal needed to power the worldwide shift to electrical cars. Now firms are striking the brakes. The worldwide lithium sector from Chile to Zimbabwe is struggling due to costs that have actually slumped over 80% because the start of in 2015 on oversupply and weaker-than-expected EV demand. That's gummed up financing and hit revenue margins at miners both large and little. Reuters interviews with nearly a dozen executives, authorities and experts demonstrate how serious the situation remains in...

Cuba said on Wednesday it would keep schools closed and inessential workers home through Sunday as the crisisracked Caribbean island nation had a hard time to recover from the collapse of its power grid last Friday and Typhoon Oscar today. The island's far eastern province of Guantanamo was especially hard hit by Oscar, that made landfall as a. classification one typhoon and unleashed more than 15 inches of rain. in some areas. The cyclone was devalued to a tropical storm. before veering north to the Bahamas earlier this week. The storm, combined with an almost extraordinary electrical. grid collapse on...

Cuba made fast development restoring power to swaths of the Caribbean island nation on Tuesday, both in Havana and distant provinces, even as emergency and grid workers had a hard time to reach areas damaged by Hurricane Oscar. Oscar, which first made landfall near Baracoa as a Classification 1 typhoon, was devalued to a tropical storm, however not previously wreaking havoc across much of eastern Cuba, tearing down powerlines, activating mudslides and flooding rivers. A violent flash flood nearly eliminated the small town of San Antonio del Sur because province early on Monday, killing 6, including a child, authorities stated....

storyp1> SANTIAGO, Oct 17 (Reuters) Sandwiched between wet towels in temperaturemonitored containers, a dozen seriously threatened Loa water frogs were flown from Santiago to Calama previously this month, the initial step conservationists have actually required to return the amphibians to their natural environment in a river that runs through the world's driest desert. The frogs were on the verge of termination in 2019 after water extraction from mining, farming and development, worsened by environment modification, annihilated their habitat. Researchers had the ability to save the remaining malnourished and sickly frogs, transferring 60 and carrying 14 to the Parquemet Zoo in...

Easter Island, the tiny remote speck of land in the middle of the Pacific Ocean, is stuck in an oceanic vortex of plastic. According to community data from Rapa Nui, the island's. regional name, it receives around 50 times more plastic and. microplastic than the coasts of Chile. This is mainly due to. its location in the South Pacific Gyre, which brings in trash. from Australia, South America and fishing vessels. The microplastic we find on the coasts isn't ours, stated. Moiko Pakomio, a marine biologist for the city government,. adding that globally most microplastics originate from fishing. vessels that...

Australian miner BHP expects the world to take in an extra 1 million metric tons of copper annually usually until 2035 due to the adoption of copperintensive technologies, double the annual volume development in the past 15 years. Copper has long been used in the construction, transportation and power sectors due to its toughness, malleability and conductivity. Over the last few years, it is also used in making electrical cars, green energy plants, and data centres. BHP said in a report launched on Monday that international copper need has actually grown at a 3.1% compound annual development rate over the...

British stocks rose Wednesday, as investors considered mixed corporate results. The main indexes are poised to end a volatile, but largely positive, month. They have almost recovered from the losses caused by U.S. Trade policies. The blue-chip FTSE 100 index was up 0.1% as of 1009 GMT and is on course for its 13th consecutive session with a positive result. The midcap index, which is primarily focused on domestic companies, advanced by 0.7% to reach its sixth consecutive session of gains. Despite recovering from the steep tariffs announced in early this month, FTSE 100 is still poised to report a...

Anglo American, a global miner, reported on Thursday a 15% drop in its production of copper for the first three months of the year. However, the company left the yearly forecast unchanged. The London-listed company said that copper production dropped to 169,000 tons in the first quarter of this year. It attributed the drop in production in Chile. The copper production in 2025 is expected to range between 690,000 - 750,000 tonnes. As the world shifts to cleaner energy sources, it is expected that metals will be used more for electric vehicles and renewable facilities. Prices for industrial metals have...

The UK's benchmark FTSE 100 rose on Monday. Investors were also waiting for more clarity about U.S. president Donald Trump's proposed tariffs. The blue-chip FTSE 100 index was up 0.19%. The domestically-focused FTSE 250 index gained 0.12%. Anglo American Antofagasta Rio Tinto Glencore Fresnillo and Fresnillo are among the top gainers in the blue-chip index. They rose between 3.6% and 2.4%. The copper price in London has also risen, following the weakness of the dollar. The pan-European STOXX 600 index rose 0.4%, led by mining stocks. This week, key economic data will be released including UK inflation numbers, a budget...

Chile's major copper mines and power grids are coming back online after a major power outage that rocked this world's leading producer of red metal. Power companies are working to restore full system operation, according to authorities. A transmission line failure in the north of the country caused the power outage that struck Tuesday afternoon, plunging most of the nation into darkness. Major mines were also left without electricity, causing global metal markets to be shook. The National Electricity Coordinator of Chile (CEN), in its early morning report Wednesday, said that more than 90% of the residential consumption was restored....

Chile, the world's No. 1 copper manufacturer, will improve its output of the red metal to 5.54 million metric loads in 2034, representing a 5.6% increase from 2023, staterun copper commission Cochilco stated on Wednesday. The Latin American nation produced 23.6% of the world's. copper in 2024, Cochilco said. That amount is anticipated to. boost, with Chile's hold over the industry representing a. 27.3% share by 2034, it added. Cochilco stated it expected Chile to reach a peak production. level in 2027, mining 6.07 million lots of copper that year. From there, annual output is anticipated to change at lower....

BHP Group is likely to expand strategies next week to invest at least $7 billion over the coming years to recuperate more metal from the world's. most significant copper mine, Escondida in Chile, financiers and analysts. stated on Thursday. The world's greatest noted miner will be hosting analysts. and financiers on a roadshow of its Escondida and Spence copper. operations from Nov. 17-20. BHP did not react to an ask for. remark about the discussion. Copper is key to BHP's development plans as a necessary metal. for the global shift to cleaner energy, but its yearly. production is set to...

International miner Anglo American on Thursday published doubledigit falls in its thirdquarter copper and diamond production however preserved its 2024 guidance for the commodities. Anglo stated its copper output fell 13% in the July to September quarter, while rough diamond production decreased by 25% on cuts due to prolonged lower demand. Its De Beers diamonds system is exploring alternatives for even more output cuts in future, Anglo stated. For the first 9 months of 2024, copper output fell 4% to 575,000 tons and diamond production was down 21% at 18.9 million carats. Anglo still expects to produce 730,000-790,000 tons of...

Anglo American Plc will not be an unavoidable takeover target after its unbundles its diamond, platinum, nickel and coal properties, CEO Duncan Wanblad said on Thursday. The mining giant is restructuring its business to primarily focus on energy transition metal copper after fending off a $49. billion takeover offer from bigger rival BHP Group in. May. Some analysts have stated Anglo's simplified portfolio could. make it a much more compelling acquisition target for suitors. drawn to its copper assets. Wanblad attended to concerns about another potential quote in a. virtual address to a mining conference in Johannesburg. I don't think...

An international mined copper shortage will continue into 2025, putting pressure on processing charges that were currently at historic lows this year due to the expansion of smelters, said Chile's staterun copper commission Cochilco in a research study on Thursday. Miners or intermediaries pay treatment and refining charges ( TC/RCs) to smelters to process copper concentrate into refined metal. Scarcities of copper concentrate this year have currently forced some Chinese smelters to cut output, and experts expect further cuts next year. Cochilco said it forecasts demand for concentrates to rise 10.5% next year as China and India improve their smelting...

Mining giant BHP's. fast repair to a recent sixday strike at its substantial Escondida. copper mine in Chile might set the tone for upcoming. settlements in other places, with workers emboldened by high copper. rates to promote a larger share of the earnings. Members of Escondida's powerful Union No. 1 signed a. sweetened offer on Sunday after walking off the job a week back. when contract talks collapsed, requiring better pay and benefits. at the world's most significant copper mine. With a preliminary handle hand currently on Friday, a union. lawyer had actually called the contract its biggest recent victory.....

BHP Group financiers welcomed the leading worldwide miner's decision to ignore a $49. billion strategy to take control of Anglo American, which. rejected three proposed deals from its larger rival over the. past 6 weeks. BHP's choice to withhold a binding quote came after Anglo. stated it would not approve the Australia-headquartered mining group. an additional extension to settle details of an offer that called. for Anglo to initially spin off its South African assets. The advancements ended a tense standoff between the two. worldwide mining giants and negotiations in which shareholders. warned BHP not to pay excessive to secure...

BHP's. deal with to add more copper to its portfolio will be evaluated by. Anglo American investors' demands for a simpler deal. for the whole business or a money sweetener to clinch a deal that. could become the greatest in mining history. Anglo on Wednesday provided BHP, the world's greatest noted. miner, extra time to present a binding deal, after. turning down three takeover proposals which it stated undervalued the. business and would be tough to execute. The one-week window offers BHP another shot at beating. Anglo CEO Duncan Wanblad's restructuring plan by convincing. those concerned about the worth and...