Latest news with #CarolinaToha
Bloomberg
12-05-2025
- Business
- Bloomberg
Codelco Would Keep More Profits If Carolina Toha Wins the Presidency in Chile
Top copper miner Codelco would be able to retain more profit to help dig itself out of debt and overhaul its aging deposits if Carolina Toha wins this year's presidential election in Chile, according to her economic spokesperson. The state-owned firm, which has handed over 70% of its profit under current government policy, should be allowed to keep more as it spends at a record clip to revert a slump in copper output and enters the lithium business, Alvaro Garcia said, without specifying how much more.
Bloomberg
20-04-2025
- Business
- Bloomberg
Chile Key Economists Team Up With Presidential Contender Toha
A group of distinguished economists is supporting the bid of Chilean center-left presidential candidate Carolina Toha, who is lagging in polls. The group backing the former interior minister includes former central bank officials and finance and economy ministers. It includes big names such as Andres Velasco, Nicolas Eyzaguirre, Pablo Garcia and Roberto Zahler, Toha said Sunday.
Bloomberg
10-03-2025
- Politics
- Bloomberg
Chilean Center-Left Presidential Hopeful Carolina Toha Gains in Polls
Chilean center-left presidential hopeful Carolina Toha rose in two polls conducted immediately after her formal announcement last week that she'll compete in this year's election. Toha was backed for head of state by 12% of voters, up from 3% in February, according to a poll by Panel Ciudadano UDD. She trailed center-right candidate Evelyn Matthei, who garnered 25%, and hard-right contenders Johannes Kaiser and Jose Antonio Kast, who obtained 16% and 13%, respectively.
Yahoo
27-02-2025
- Business
- Yahoo
Chilean copper mines resume operations following major power outage
Some of the world's largest copper mines in Chile have resumed operations after experiencing a disruption due to a major power outage. The outage, resulting from a transmission line failure in northern Chile, occurred mid-afternoon on Tuesday and affected the country's power grid from the mining-intensive north to the central and southern regions, reported Reuters, citing sources close to the matter. BHP's Escondida copper mine was left without electricity, according to a source close to the matter. State-owned copper miner Codelco reported that all its mines were affected, with the Chuquicamata, Andina, Salvador and El Teniente mines losing power and others operating partially on backup generators. Antofagasta and Anglo American also confirmed their mines were using generators to maintain operations. Chile's National Electricity Coordinator (CEN) reported that more than 90% of residential consumption had been restored by Wednesday morning, although some cities still experienced intermittent power. Escondida returned to full activity, while Anglo American's Los Bronces and El Soldado mines, along with its Chagres smelter in central Chile, had power restored after the outage. Codelco announced a gradual return to normalcy across all its divisions, and Antofagasta confirmed the resumption of its operations. Interior Minister Carolina Toha expressed concern at a press conference, highlighting the failure of several safety nets and the repeated issues faced by other power stations attempting to restart. The outage was linked to ISA Interchile, an energy distributor subsidiary of Colombia's ISA owned by state oil company Ecopetrol. ISA Interchile's general manager, Luis Llano, stated that the company was investigating the cause of the outage and noted malfunctions in electronic and software protection systems that led to the high-voltage line disconnection and subsequent grid shutdown. "Chilean copper mines resume operations following major power outage" was originally created and published by Mining Technology, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
Gulf Today
26-02-2025
- Politics
- Gulf Today
Chile declares state of emergency after massive blackout
Chile on Tuesday declared a state of emergency and curfew across much of the country, including the capital Santiago, following a massive, rare blackout that left millions without power. The worst blackout in the country in well over a decade caused transport chaos in the capital Santiago, where thousands of people were evacuated from the metro and people jostled to board overflowing buses. In an address to the nation Tuesday evening, President Gabriel Boric said he was activating "a state of emergency due to a catastrophe" to guarantee national security. He announced a curfew from 10 pm Tuesday until 6 am Wednesday. The outage affected an area stretching all the way from Arica in the long, narrow South American country's north to Los Lagos in the south, according to the Senapred disaster response agency -- an area home to over 90 percent of Chile's population of 20 million people. Attack ruled out Speaking earlier in the day, Interior Minister Carolina Toha ruled out sabotage as the reason for the power loss, which began at 3:16 pm in the middle of the southern hemisphere summer. "There is no reason to assume that this is an attack," she said, telling reporters it was more likely "a failure in the system's operation" and that the grid should be back up and running "in the coming hours. The metro company, which transports 2.3 million passengers every day, said workers were deployed to all stations "to support safe evacuations." Out-of-service traffic lights caused major gridlock, with some people having to walk for hours under a hot sun to reach their homes. Shops and offices closed early. "They let us leave work because of the power cut, but now I don't know how we will get home because all the buses are full," worker Maria Angelica Roman, 45, told AFP in Santiago. "At the bank where I work, all operations had to stop," 25-year-old clerk Jonathan Macalupu said. Hanging in the air The Chilevision broadcaster showed video of people trapped on a mechanical ride several meters high at an amusement park in Santiago before being rescued. An AFP photographer saw firefighters rescue a distraught elderly woman, who had been trapped inside an elevator. The country's hospital system and prisons were operating on emergency generators. Boric overflew the capital by helicopter to assess the situation. In the coastal city of Valparaiso, witnesses also reported shops and businesses closing early and traffic chaos. Unlike Cuba, which has suffered several nationwide power outages in the past six months, Chile boasts one of the best power networks in South America and has not had a blackout this big in about 15 years. In 2010, damage to a power plant in southern Chile plunged hundreds of thousands of people into darkness for several hours. That outage happened a month after a massive 8.8-magnitude earthquake killed more than 500 people and rocked the national power grid.
