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Gold/Mining/Energy : Atacama Minerals -- Ignore unavailable to you. Want to Upgrade?

To: Paul Dancer who wrote (58)	3/22/1998 9:42:00 PM
From: kingfisher	Respond to of 105

Why this news released Friday did not spike up Atacama I can not understand.Perhaps investors have not grasped the implications which are positive. ------------------------------------------------------------------------ Friday March 20, 1:29 pm Eastern Time Chile stocks jump on cenbank capital flows news SANTIAGO, March 20 (Reuters) - Chilean stocks moved sharply higher at midsession on Friday on a surge of buying following news that the Central Bank plans to make adjustments to the country's capital inflow controls, traders said. Just before 1400 local time, the market's selective stock index (.IPSA) jumped 2.82 percent, or 2.88 points, to 105.16 points. The wider (.IGPA) index was less buoyant, but still above earlier levels, rising 1.01 percent, or 48.57 points, to 4,835.57 points. Chile's Finance Minister Eduardo Aninat said earlier on Friday the Central Bank will soon make the country's controls on foreign capital inflows more flexible, with a formal announcement likely to come next week. ''I believe the Central Bank has almost resolved the possibility of making one part of the system of capital controls even more perfect,'' Aninat said during a seminar on the Chilean financial system. Chile currently demands that a 30 percent deposit on all incoming capital be placed at the Central Bank for 12 months, regardless of whether the capital is for loans or investment. Aninat said the planned tweaking of the system, which Chile says protects the country from overt speculation, would be applied to funds coming into Chile that are immediately diverted to other countries. ------------------------------------------------------------------------ Related News Categories: US Market News, international ------------------------------------------------------------------------ Help ------------------------------------------------------------------------ Copyright c 1998 Reuters Limited. All rights reserved. Republication or redistribution of Reuters content is expressly prohibited without the prior written consent of Reuters. Reuters shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon See our Important Disclaimers and Legal Information. Questions or Comments?