Maolis Castro (EN)

Journalist in Chile

Venezuelan journalist in Chile with experience in international media. She was correspondent of the Spanish newspaper El País in Caracas, and collaborated for ABC, Wall Street Journal, and DW. She worked for the investigative journalism site Armando.info.

English

Codelco’s CEO Denies Chilean Copper-Mining Giant Is Facing Financial Woes

Máximo Pacheco, CEO of the state-owned copper miner, said the company is “financially robust”, rejecting claims it is heading for insolvency

English

Chile Commemorates 50th Anniversary of Coup d’Etat Amid Political Tensions

The government of President Gabriel Boric headed the events to commemorate the overthrow of Salvador Allende on September 11, 1973, but was not able to unite all of the country’s political spectrum

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Chile’s Inflation Cools In August

Year-on-year inflation during the month was 5.3%, the lowest in almost two years

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Chilean Copper Giant Codelco Returns to International Bond Market

The mining company has issued 10- and 30-year bonds in New York to help finance its investments this year, which will require $4.1 billion

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Gaston Bottazzini Resigns as CEO of Chilean Retail Giant Falabella

The CEO will step down on January 1 after five years in the role, and following months of poor financial results

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Chile Aims to Clarify Fate of Over 1,000 People Disappeared During Pinochet Dictatorship

On the eve of the 50th anniversary of the coup, President Gabriel Boric has signed a decree to advance with a plan aimed at locating the victims of forced disappearances during the 1973-1990 regime

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ECLAC Foresees Poverty Reduction In Latin America Stagnating In 2023

In an exclusive interview with Bloomberg Línea, ECLAC’s executive secretary José Manuel Salazar-Xirinachs says that poverty in the region may have been reduced briefly in 2022

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Chile’s Gabriel Boric Reshuffles Cabinet

Chilean President Gabriel Boric announced changes at the top of five ministries on Wednesday: mining, social development, education, culture and national assets

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How Will Chile’s Lithium Strategy Impact Mining Companies?

The Chilean government currently has contracts for lithium extraction with SQM and Albemarle, which would benefit from the proposed law, but which would discourage new entrants, according to Fitch Ratings

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Chilean Lawmakers Ask Gabriel Boric to Consider Resignation of Right-Hand Man

The Lower House approved a draft resolution to ask the President of Chile to consider requesting the departure of his Minister of Social Development

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Chile’s Economy Contracts for Fifth Straight Month, Albeit Less Than Expected

The country’s monthly economic index dropped 1% in June compared to the same month of 2022, less than expected by analysts consulted for a Bloomberg survey

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Chile’s Merama Files Lawsuit Against Urbano Design for Alleged Fraud

Lawyers for the Chilean unicorn have filed a lawsuit in Santiago against Urbano Design founders Víctor Vargas and Pablo Gutiérrez after having invested $13 million in their company

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Chile’s Economy Remains in Free Fall as Mining and Trade Contract

The country’s monthly economic activity index dropped 2.1% in March from a year earlier, with mining output down 8.5% y-o-y and trade 5.4%

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Chile’s Lithium Policy Continues to Divide Opinion

Mining companies SQM and Albemarle, which saw their shares sink following the president’s announcement that the state will be a majority shareholder in all future contracts, aim to reach agreement with the government

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Chile’s Lithium Strategy Not a Nationalization, Mining Minister Says

Marcela Hernando talks to Bloomberg Línea about President Gabriel Boric’s policy, which she describes as key to augmenting the country’s wealth, and its impact on the industry

News in English

Belt-Tightening Begins Now, Not in 2023, NotCo’s CEO Says

In an interview with Bloomberg Línea, Matías Muchnick says the company needs to focus on being profitable in the next two years and is not prioritizing new product launches

News in English

Chile’s Falabella Foresees E-Commerce Taking Bigger Share of Overall Sales

Gaston Bottazzini, department store chain Falabella’s CEO, tells Bloomberg Línea about the company’s plans to diversify its revenue streams, the regional business outlook and IKEA’s growth plans in South America

News in English

Chilean Government Rethinks Mining Taxation Plan

The country’s finance ministry has added proposals to the bill being debated in the Senate that would simplify the proposal for mining royalty payments and reduce the ad valorem element

News in English

How Chile’s Government Aims to Overhaul Country’s Aging Pension System

In an interview with Bloomberg Línea, Labor Minister Jeannette Jara talks about the proposed bill that aims to bring the country’s pension system in line with OECD recommendations

English version

Mining in the Metaverse, the Business a Chilean Startup is Chasing

Chilean entrepreneurs have created the Minverso platform, to train workers in the copper-mining industry within the metaverse

English version

Chile Lowers Tax on Copper-Mining Projects in Bid to Ignite Investment

President Gabriel Boric’s government has presented a six-point plan and 28 measures to spur investment in the country

English version

Chile’s Boric Reshuffles Cabinet Following Voters’ Rejection of Draft Constitution

Chilean President Gabriel Boric has made the first adjustments to his team since taking office in March, and which include the exit of Interior Minister Izkia Siches

English version

Ukraine’s Zelenskiy Calls on Latin America to Impose Sanctions on Russia, Cut Trade

The president of the invaded country said Latin American countries should join the sanctions imposed on Russia, and called on them to divulge his “truths”

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BHP Will Rethink Chile Investments if New Mining Royalties Law Enacted

The Australian mining company has said the possible effects of the government’s proposals are yet to be calculated, and may discourage investment in the country

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Chile’s Inflation Forecasts Darken As US Dollar Rises

Analysts consulted by Bloomberg Línea see the depreciation of the Chilean currency against the US dollar exacerbating inflationary pressure in July and August

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Chilean Copper Workers to Begin National Strike

The trade unions of state-owned Codelco have convoked an indefinite stoppage from Wednesday in protest at the government’s plans to close the Ventanas foundry

English version

Hits and Misses: Chile’s Gabriel Boric’s First 100 Days in Office

One-hundred days since taking office, the Chilean left-wing president’s approval rating is around 32%, according to a recent poll, the most abrupt fall in popularity for a leader since 1990

News in English

Venezuela’s Growth Seen Outpacing South American Average In 2022

In an interview with Bloomberg Línea, ECLAC’s Daniel Titelman says the country could bring eight years of recession to an end this year, if economic predictions are correct