Chilean/Swedish group subscribe usd 1.354 billion for the construction of a pulp plant in Uruguay
Arauco owns 50% of the Montes del Plata project in partnership with the Swede-Finish corporation Stora Enso which in planning to invest 1.9 billion dollars in the plant for an annual production of 1.3 million tons of pulp. The credit package includes a 454 million dollars loan from the Inter American Development Bank and another 900 million dollars from different financial sources. Last July Arauco signed a guarantee agreement to extend collateral in support of the financial obligations. The Montes…
The Land Report – Campos – Ranches and Legacy Property Owners Around the World
Hall and Hall – Eric O’Keefe of The Land Report report talk about Ranch Land in the USA. Much of what he says also applies to other worldwide Legacy properties like Estancia Punta del Agua in Argentina. Who are the Largest Private Land Owners in the United States of America Most of America’s biggest spreads are in the West. Here are the storied dynastic ranches owned by heirs of the Kings, Waggoners, and Burnetts. This is also where corporate chiefs like Ted Turner…
Unasur forecasts South America’s decade
A new global order is emerging as a result of the world crisis and recession in developed countries and Latin America has a crucial role to play given its very satisfactory economic performance in recent years, said Unasur Secretary General Maria Emma Mejia. Meeting in Madrid for the tenth anniversary of the Spanish foreign affairs think-tank Royal Institute Elcano, Ms Mejia together with other world experts and politicians were invited to discuss the international crisis, the emergence of new powers…
Uruguay sees China as a leading trade and investment partner of all Mercosur countries
Uruguay has kept good relations with Beijing since the two countries forged diplomatic ties in 1988, said Uruguayan Foreign Affairs minister Luis Almagro, a former ambassador to China from 2007-2009. Almagro made the statement as Chinese Vice-President Xi Jinping began his official visit to Uruguay. The Uruguayan official revealed that the administration of President Jose Mujica would support an initiative for the regional Mercosur customs union to reach a trade agreement with China, “although complicated…
Investment funds around the world seeking farmland in response to food price hikes
For decades, the world was often swimming in surplus food because farmers were so productive. But rising demand has caught up, and reserves have become so tight that global food markets are vulnerable to even minor shocks. Many analysts say that higher, more volatile prices may be here to stay. The new dynamic reflects in part the rising demand for commodities in developing countries such as China, India and Russia. By 2050, the U.N. Food and Agricultural Organization projects that world food production will…
Chinese largest agricultural firm to buy farmland in Latin America
China’s largest agricultural enterprise, Heilongjiang Beidahuang Nongken Group, will acquire or lease 200,000 hectares of cropland in countries including Brazil, Argentina, Venezuela, Russia, The Philippines, Australia and Zimbabwe China, the world’s most populous country with 1.34 billion citizens, is experiencing an agricultural deficit that has spurred the authorities to seek access to crops outside its territory. In fact, according to somewhat dated statistics, less than 11 percent of Chinese territory…
Uruguay the most prosperous country in Latinamerica says Legatum Institute
MercoPress Uruguay is the highest positioned Latinamerican country in the 2010 list ranking the prosperity of 110 of the world’s nations by the London analytical centre Legatum Institute and its Legatum Prosperity Index. “The Prosperity Index seeks to understand how economic fundamentals, health, freedom, governance, safety, education, entrepreneurial opportunity, and social capital influence a country’s economic growth and the happiness of its citizens,” the group says. Europe dominates the Top…
