Funding a major hurdle for Latin American animated filmmakers

The Latin American animated film industry has managed several successes by joining forces, but it still works hard to overcome hurdles, an animated film producer told Latin Business Daily. Milton Guerrero, who produced the 3D animated film A Mouse Tale, said that obtaining funds is perhaps the biggest challenge in Latin America  since animated films are still a niche product. Read More »

Gran Tierra announces new credit facility

Gran Tierra Energy announced it has secured a credit facility of up to $500 million with a current borrowing base of $200 million through its wholly owned subsidiary Gran Tierra Energy International Holdings. It was negotiated with a syndicate of lenders led by Scotiabank as administrative agent and Scotiabank and Société Générale as joint lead arrangers and joint book-runners. Read More »

AIR Worldwide estimates demages caused by Chilean earthquake could reach $900 million

Catastrophe modeling firm AIR Worldwide said Monday that it estimates that industry insured losses from the earthquake that struck Chile last week can reach $900 million. Authorities have said that at least 12 people have died and the earthquake was felt more than 1,850 miles away in Sao Paulo, Brazil. The port city of Coquimbo reported waves approximately 16 feet high. Read More »

Seaborne Airlines announces restart of service to Dominica

Seaborne Airlines will resume flights to Island of Dominica on Sept. 23, after operations were canceled due to tropical storm Erika damage; the company will also recommence the daily American Airlines code-shared that connects service from San Juan's Luis Munoz Marin International Airport to Douglas Charles and the interline that connects to Jetline, Delta and United Airlines. Read More »

Sky Solar Holdings, Hudson Clean Energy announce partnership

Sky Solar Holdings and Hudson Clean Energy Partners have recently established an association that aims to fund solar projects in both Latin America and Japan, with a total capital commitment from Hudson Clean Energy of up to $100 million; as part of the agreement, both companies are committed to invest on suitable renewable assets across the United States. Read More »

Southcross Energy Partners announces addition to management

Southcross Energy Partners recently announced the appointment of Kelly J. Jameson as senior vice president, general counsel, and Mark A. Pyburn as vice president of Southcross Energy Partners' gas marketing, the general partner of Southcross; Jameson will have overall executive responsibility for all legal and regulatory matters, and Pyburn its gas marketing activities. Read More »

Company manufactures, markets 3D printers in Argentina

Trideo, an Argentine company started in 2014, is offering 3D printers that are fully made in the country. “The printers are entirely made here. ... Considering the limitation of imports and the exchange policy it is an environment somewhat special to buy machinery from abroad, but we can say we are in the range for similar machines," company co-founder Nicolas Berenfeld said. Read More »

CDPQ creates infrastructure investment platform in Mexico

Caisse de dépôt et placement du Québec (CDPQ) recently announced a five-year, $2.1 billion co-investment vehicle for infrastructure projects in Mexico through an association with CKD Infraestructura México. The agreement comes as Mexico is experiencing solid economic growth and the government is expect to invest $4.5 billion in infrastructure investments. Read More »

Venezuela's Vargas honored for entrepreneurial excellence

Venezuelan billionaire Victor Vargas, owner of BOD Financial Group, has proved over the past several years that a growth-focused, diversified career is vital to successful financial leadership during economic downturns in Latin America. In recognition of his efforts, Vargas in June was awarded the title of Latin America Entrepreneur of the Year by The Executive magazine. Read More »

Developers of Nicaragua Canal move forward as scientists show concern

The Hong Kong Nicaragua Canal Development Co. (HKND Group) said this week it started an aerial survey along the proposed canal route planned by the Chinese group and the Nicaraguan government as a larger alternative to the Panama Canal. The survey will cover the 172.5-mile canal corridor connecting the Atlantic to the Pacific and a 1.25 mile-wide circumference of Lake Nicaragua. Read More »

Alamos Gold releases update on Cerro Pelon, La Yaqui deposits at Mulatos mine

Alamos Gold Inc. released results this week from the ongoing exploration program at the Cerro Pelon and La Yaqui satellite deposits at its Mulatos mine in Sonora, Mexico. At Cerro Pelon, multiple high-grade intercepts were encountered in the new zone of mineralization, about 100 meters north of the existing reserve, including 14.47 g/t Au over 50.30m (15PEL012), 9.65 g/t Au over 34.60m (15PEL020), and 2.46 g/t Au over 94.20m (15PEL010). Read More »

AppNexus expands Latin American business with RealMedia purchase

Advertising technology company AppNexus, with headquarters in New York and operations on five continents, bought Sao Paulo-based RealMedia Latin America to gain local expertise as it expands in the region. “The goal of the acquisition was to provide us with deep local expertise as we service our clients and grow our business in that region," AppNexus Vice President John Barr said. Read More »