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August 6, 2013

Chile sees $112 billion investment in mining by 2021
Ministry raised figure from $104 billion after considering nine new projects

Mining investment in Chile, the world's largest copper producer, is expected to reach $112 billion between 2013 and 2021, Mining Minister Hernán de Solminihac said Monday. Copper, which accounts for 60 percent of the country's exports and 15 percent of gross domestic product, will represent 77 percent of investment, The Wall Street Journal reports.

Tourism to Peru's Amazon region to grow 10 percent next year
Two scheduled projects, a railroad and hydroelectric dam, are expected to boost development 

The Amazon regions of Loreto and Ucayali, in northeastern Peru, will see an increase their tourist and commercial activities by 10 percent in 2014, mainly due to the entry of enterprises specializing in boosting ecological tourism. The head of Loreto Chamber of Commerce, Victor Valdivia, noted the tourist sector grew by 9 percent in 2012, Andina reports.

Brazil delays coffee price measures 
Growers said they may hold protests  

Brazil's government infuriated coffee producers Monday, when it did not make an expected announcement about price support measures, and Agriculture Minister Antonio Andrade (left) said the government needed more time to weigh options. He said a possible date was Wednesday, when President Dilma Rousseff is expected to travel to top-producing state Minas Gerais, Reuters reports.

Central Bank: Ecuador's economy up 3.5 percent in first quarter
Figure represents slowest rate since 2010

Ecuador's gross domestic product expanded 3.5 percent in the first quarter of the year, compared with a 6.1 percent expansion in the same period of last year, the Central Bank said.
For 2013, Ecuador expects the country's economy to expand by 4 percent, lower than the 5.1 percent growth registered last year, The Wall Street Journal reports.

Movistar, Claro and VTR to boost online TV services in Chile
Country has 2.2 million fixed lines and more than 5 million mobile Internet subscribers

The three biggest paid TV operators in Chile, Movistar, Claro and VTR, are to reinforce their online TV services before the end of the year. The commitment to on-demand and over-the-top services comes at a time when the market in Chile is growing and Internet connections are on the increase, Rapidtvnews reports. 


Brazil's service sector barely expands in July Reuters

Chile's SMU retailer plans to sell $400 million in assets Wall Street Journal

Walmart de México's same store sales drop 3.1 percent in July Reuters

Poor cotton production affects Peru's textile industry Peru this Week

Chile's economic activity index up 4.2 percent in June Wall Street Journal 

Goldman Sachs loses top Brazil executives as growth plan halted Bloomberg 

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