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Lundin Gold Inc Chairman Lukas Lundin. | Bloomberg In a sign of South America’s shifting political winds, a billionaire mining clan is holding off on new investments in Chile because of country risk while looking to move forward with a huge spend in Argentina. Lundin Mining Corp, which recently spent US$1 billion upgrading its copper operation in Chile, will monitor potential rule changes in the country before proceeding with an estimated US$500-million underground expansion there, said Chairman Lukas Lundin. Across the Andes in San Juan, the Swedish-Canadian group is in talks with Argentine officials about a multibillion-dollar project. Favourable and stable rules and giant deposits have seen Chile become the dominant supplier in global copper, while Argentina’s volatile and unorthodox politics have limited development of its vast mineral wealth. That risk divide may be about to narrow after Chile elected an assembly that places the writing of a new constitution largely in th

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