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Chile English News Blog; January, 2009 Archive; Chile English News Blog | 01/18/09 22:28
Antofagasta Plc - a Chilean copper miner will close their small Lince open pit mine 'cause of falling metal prices. The closure would make 440 employees and about 1,000 contractors jobless. Analyst said the move will have a good impact for the group which would likely result a break-even in Michilla in 2009 instead of suffering a $30 million loss. More details on the link below.News: UPDATE 2-Chile's Antofagasta to close Lince copper mine | Reuters
Tags: copper mine to close • antofagasta • michilla • break even •
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01/16/09 17:32
Face with the declining demands, Falabella of Chile - one of Latin America's top diversified retails, has clipped two thirds of investment plan for this year with $305 million compared to the investment forecast last March 2008 which have $914 million. The company is laying low this year to brace with the effect of the global economic crisis but still have plans of aggressive expansion with investment plan amounting to $2.02 billion for new stores and mall within this year up to 2012. News: Chile retailer Falabella guts '09 investment plans | Industries | Consumer Goods & Retail | Reuters
Tags: falabella • declining demand • retail industry •
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