Related News
Chile troops impose curfew in quake-stricken towns
Source: Agencies |
March 1, 2010, Monday
|
Online Edition
Online Edition
CHILE'S government scrambled today to provide aid to thousands of homeless in coastal towns devastated by a massive earthquake and tsunamis as 10,000 troops moved into stricken areas to quell looting.
The government sharply raised the death toll to 711 from Saturday's 8.8 magnitude quake as harrowing scenes of destruction emerged in isolated towns swamped by the giant waves that were triggered by one of the strongest earthquakes in a century.
With many people missing and some communities in the worst-hit central region of the South American country still largely cut off by mangled roads, President Michelle Bachelet said the death toll was certain to rise.
Surging waves ruined houses and smashed cars in fishing villages on the country's long Pacific coast. In the town of Constitucion alone, about 350 people died, state TV quoted emergency officials as saying.
A night-time curfew went into effect in the Maule region and the heavily damaged town of Concepcion, where hundreds of looters ransacked stores for food and other goods. Looting also broke out in parts of the capital, Santiago.
"We don't have water or anything. No one has appeared with help and we need more police to keep order. There are many people here who are robbing," said a 78-year-old woman who identified herself as Ana in the badly hit city of Talca, 250 km (155 miles) south of Santiago.
In Concepcion, angry survivors camping along roads took out their frustration on firefighters who were distributing drinking water in thermoses and tea kettles, damaging their vehicles.
Copper prices surged in early trading today due to supply worries, jumping 5.6 percent to US$7,600 per tonne on the London Metal Exchange before easing to US$7,450. Copper also was up more than 3 percent in Europe. The markets may help clarify the extend of the economic impact on Latin America's most developed country and the world's biggest copper exporter.
The damage from the quake could cost up to US$30 billion, equivalent to about 15 percent of Chile's gross domestic product, said Eqecat, a firm that helps insurers model catastrophe risks.
Chile's biggest copper mines affected by the quake slowly resumed operations but analysts said limited power supplies could curtail exports and push up copper prices further.
Chile's fourth-largest copper mine El Teniente, which accounts for more than 7 percent of national output, resumed operations yesterday. The nearby Andina mine was also due to resume operations but analysts feared power outages could still affect output.
The Anglo-American Los Bronces mine also resumed production, a union leader told Reuters, but there was no word on when the company's El Soldado mine would restart.
Japan said it was providing an emergency grant of US$3 million, as well as sending tents, generators, water cleaners and other emergency gear, while China pledged US$1 million.
Santiago's airport started to receive international flights, which had been suspended after the quake. Officials said the runways were unscathed but the terminal building was damaged.
Analysts said Chile's peso currency was likely to come under selling pressure as investors assess the impact on what is considered Latin America's best-run economy.
Some economists predicted a deep impact on Chile's economy after the quake damaged its industrial and agricultural sectors in the worst-hit regions.
The government sharply raised the death toll to 711 from Saturday's 8.8 magnitude quake as harrowing scenes of destruction emerged in isolated towns swamped by the giant waves that were triggered by one of the strongest earthquakes in a century.
With many people missing and some communities in the worst-hit central region of the South American country still largely cut off by mangled roads, President Michelle Bachelet said the death toll was certain to rise.
Surging waves ruined houses and smashed cars in fishing villages on the country's long Pacific coast. In the town of Constitucion alone, about 350 people died, state TV quoted emergency officials as saying.
A night-time curfew went into effect in the Maule region and the heavily damaged town of Concepcion, where hundreds of looters ransacked stores for food and other goods. Looting also broke out in parts of the capital, Santiago.
"We don't have water or anything. No one has appeared with help and we need more police to keep order. There are many people here who are robbing," said a 78-year-old woman who identified herself as Ana in the badly hit city of Talca, 250 km (155 miles) south of Santiago.
In Concepcion, angry survivors camping along roads took out their frustration on firefighters who were distributing drinking water in thermoses and tea kettles, damaging their vehicles.
Copper prices surged in early trading today due to supply worries, jumping 5.6 percent to US$7,600 per tonne on the London Metal Exchange before easing to US$7,450. Copper also was up more than 3 percent in Europe. The markets may help clarify the extend of the economic impact on Latin America's most developed country and the world's biggest copper exporter.
The damage from the quake could cost up to US$30 billion, equivalent to about 15 percent of Chile's gross domestic product, said Eqecat, a firm that helps insurers model catastrophe risks.
Chile's biggest copper mines affected by the quake slowly resumed operations but analysts said limited power supplies could curtail exports and push up copper prices further.
Chile's fourth-largest copper mine El Teniente, which accounts for more than 7 percent of national output, resumed operations yesterday. The nearby Andina mine was also due to resume operations but analysts feared power outages could still affect output.
The Anglo-American Los Bronces mine also resumed production, a union leader told Reuters, but there was no word on when the company's El Soldado mine would restart.
Japan said it was providing an emergency grant of US$3 million, as well as sending tents, generators, water cleaners and other emergency gear, while China pledged US$1 million.
Santiago's airport started to receive international flights, which had been suspended after the quake. Officials said the runways were unscathed but the terminal building was damaged.
Analysts said Chile's peso currency was likely to come under selling pressure as investors assess the impact on what is considered Latin America's best-run economy.
Some economists predicted a deep impact on Chile's economy after the quake damaged its industrial and agricultural sectors in the worst-hit regions.
- About Us
- |
- Terms of Use
- |
-
RSS - |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 沪ICP证：沪ICP备05050403号-1
- |
- 互联网新闻信息服务许可证：31120180004
- |
- 网络视听许可证：0909346
- |
- 广播电视节目制作许可证：沪字第354号
- |
- 增值电信业务经营许可证：沪B2-20120012
Copyright © 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.
