South America
Monday, 01 April 2013 17:49
157
SANTIAGO: Workers at Codelco's Radomiro Tomic copper mine have agreed to lift their labor stoppage and return to work, the Chilean state company told Reuters on Monday morning. "The conflict has ended," a source at the company said. "Operations will start up again today." Workers shut down the Radomiro Tomic open pit mine over the long weekend, demanding the company fire managers they blame for the recent accidental death of a miner. Codelco, the world's No. 1 copper producer, declared force majeure over the weekend. The miner has not had to reprogram copper shipments but was losing a "relevant" amount of production due to the stoppage at the northern Chile mine. Which produces about a fourth of Codelco's output, Chief Executive Officer Thomas Keller told reporters on Sunday. Radomiro Tomic's general manager has resigned, Keller also said on Sunday. Nelson Barria died in a March 23 landslide at the Radomiro ...
NEW YORK: Argentina on Friday offered two New York hedge funds to repay its debt to them with cash and new bonds on conditions similar to those used in a 2010 debt swap.The South American nation is facing a court order to pay out $1.3 billion (one billion euros) to bondholders on debt it defaulted on during its 2001 financial crisis.The offer was contained in a filing to the New York Court of Appeals."The Republic ...
SAO PAULO: Brazilian homebuilder PDG Realty SA posted a fourth-quarter net loss of 1.787 billion reais ($886 million) on Wednesday, saying it has nearly halted new construction while new executives scour its books to account for cost overruns and delivery delays. Since taking the reins in August following a capital injection from private equity firm Vinci Partners, Chief Executive Officer Carlos Piani has shaken up senior management, combed through operations and drafted a new business ...
MONTERREY: Mexican police killed a 13-year-old boy during a raid to rescue a hostage, officials said. The teen was apparently keeping watch over a kidnapped businessman in a house in the state of Nuevo Leon and was shot when he confronted police with a handgun, local security spokesman Jorge Domene said Monday. The operation took place Saturday in Marin, 80 kilometers (50 miles) from Monterrey, Mexico's third largest city. The hostage was freed unharmed and ...
BRASILIA: Police on Friday closed their probe of the late January disco fire that killed 241 people in the college town of Santa Maria, charging nine people with homicide. The two owners of the "Kiss" nightclub and three of their partners; two musicians who took part in an ill-fated pyrotechnic show; and two firefighters responsible for supervising the club operation were all charged for the January 27 blaze.Police told a Santa Maria press conference that ...
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RIO DE JANEIRO: More than 150 fishermen and indigenous people have ended their occupation of one of four construction sites for Brazil's controversial Belo Monte dam in the Amazon, the lawyer for a group opposing the project said Friday."After a meeting between indigenous leaders, fishermen's representatives and the management of the Norte Energia consortium in the charge of the construction, the occupation of the Pimental site ended late Thursday," said Maira Irigaray, an attorney for ...
WASHINGTON: The US space agency on Wednesday denied a claim made in a scientific study that its Voyager 1 spacecraft had left the solar system, describing the report as "premature."Scientists are eagerly awaiting signs that the craft, which was launched in 1977 on a mission to study planets, has become the first man-made object to leave the boundaries of our solar system.A scientific paper that purported to describe this departure appeared on the American Geophysical ...
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