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CHILE
CHILE WILL FACE OUTAGES FOR A WEEK ON QUAKE DAMAGE, PINERA SAYS | CHILE WILL FACE OUTAGES FOR A WEEK ON QUAKE DAMAGE, PINERA SAYS |
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| Written by Business Week.com | |
| Monday, 15 March 2010 | |
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Service was reconnected in some areas of Santiago within an hour yesterday and was normal in all areas of the country today, with the exception of the Bio Bio region, the national emergency office said in a statement on its Web site. In Bio Bio, one of the areas hardest hit by the temblor last month, electricity was restored to 80 percent of the population by 11:00 a.m. today, the emergency office said. “Things like this could happen in the future,” Energy Minister Ricardo Raineri told reporters in Santiago yesterday. “Recovering the systems is a difficult task” after the Feb. 27 quake, and there may be blackouts for “months,” he said. Chile’s main power grid, called the Sistema Interconectado Central, was affected following a disruption at Charrua, the system’s biggest substation, 431 kilometers south of Santiago. The 8.8 magnitude earthquake that devastated central Chile last month has left the power grid “fragile,” Raineri said. Pinera said the government has committed to repairing a damaged transformer in the next 48 hours.
AFTERSHOCKS Codelco, the world’s largest copper producer, said the Andina, El Teniente and Salvador mines were operating normally after back-up systems were used to keep operations going during the outage, a company official briefed on the situation said in a telephone interview today. Antofagasta Plc said in an e-mailed statement that the cut had “no material impact” on operations at its Los Pelambres copper mine after an emergency power system was turned on. BHP Billiton Ltd., the world’s largest mining company, said its Spence, Cerro Colorado and Escondida mines were unaffected because they are connected to a different power grid in the north of the country. Escondida is the world’s biggest copper mine.
XSTRATA MINES All of Anglo American Plc’s copper mines in Chile have been back online since early today and production loss was “minimal,” spokesman James Wyatt-Tilby said in an e-mail reply to questions. Chilean President Sebastian Pinera told reporters in Santiago on March 12 that he plans to tap copper savings and may borrow abroad to pay for the estimated $30 billion cost to repair damage caused by the earthquake. Pinera said he plans to rewrite the 2010 budget to free resources for a reconstruction fund. Chile has $11.3 billion invested overseas in an economic stabilization fund that the government can use to finance a budget deficit. * This news was published by Business Week.com and writing by Matt Craze and Rodrigo Orihuela. March 15, 2010. |