Free Trial

Codelco Planning Mine Overhaul, Falabella Downgraded

CHILE
  • Chile’s equity benchmark posted solid gains on Monday, bolstered by a surge in lithium miner SQM and companies with exposure to Argentina after libertarian Javier Milei won the presidency. The rally may have also been assisted by some stronger-than-expected GDP figures
  • Codelco plans to spend an additional $720 million overhauling its oldest mine as the world’s biggest supplier of the metal strives to bring late and over-budget projects on stream and arrest a slump in production. (BBG)
  • Chilean Retailer Falabella’s credit score was lowered into junk territory by Fitch Ratings, which sees the retailer’s debt-improvement plan as insufficient.

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.