News

Brazilian Annual Inflation Rate Highest in 6 Years

06 September 2011

 

The inflation rate in Brazil in August was 0.37%.  Over the last 12 months, the inflation rate was 7.23%, the highest accumulated annual increase since July of 2005.

Chilean Economy Posts 4% July Growth

05 September 2011

 

The Chilean economy grew 4% in July, reflecting brisk retail activity but held back by manufacturing industry performance and a drop in mining activity.

Minera Alumbrera Purchases Argentina Copper Project Option

04 September 2011

 

Minera Alumbrera has purchased an exclusive option to acquire 100% of the Agua Rica copper project in Argentina from Yamana for US $110 million.  If Minera Alumbrera exercises the option, Yamana will receive US $150 million and US $50 million at the time commercial production begins.  According to initial studies, Agua Rica could produce 250,000 tons of copper and 140,000 ounces of gold in the first five years of operation.

Puente PacĂ­fico Publishes August Issue of Latin America Real Estate Review

03 September 2011

The Latin America Real Estate Review is a report, published monthly, on real estate developments in Latin America.