In South America’s copper-rich Andes political risk is rising as high poverty and debt levels amid the COVID-19 pandemic drive potentially sharp policy shifts and put mining wealth into the crosshairs of angry citizens and political leaders. In No. 1 copper producer Chile, an overhaul of its market-orientated constitution is underway, and it is debating .
El Teniente is the world’s biggest underground copper mine and the sixth largest by reserve size. (
Image courtesy of Codelco.)
In South America’s copper-rich Andes, political risk is rising as high poverty and debt levels amid the covid-19 pandemic drive potentially sharp policy shifts and put mining wealth into the crosshairs of angry citizens and political leaders.
In No. 1 copper producer Chile, an overhaul of its market-orientated constitution is underway, and it is debating whether to hike royalties on miners. Peru, the No. 2 producer, is heading for a polarized June presidential election with a little-known socialist leading in the polls who wants to redistribute mining wealth.
Analysis: In world s top copper region political risk rises reuters.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from reuters.com Daily Mail and Mail on Sunday newspapers.