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Analysis: Workers at Chile s Escondida mine hit jackpot, raise bar in labor talks elsewhere
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Chile s decades-old mining deals may hinder bid to lift copper royalties – MINING COM
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Chile s decades-old mining deals may hinder bid to lift copper royalties
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Analysis-In world s top copper region political risk rises Reuters 2 hrs ago By Marco Aquino and Fabian Cambero © Reuters/Ivan Alvarado FILE PHOTO: A view of the BHP Billiton s Escondida, the world s biggest copper mine, in northern Chile, in Antofagasta
By Marco Aquino and Fabian Cambero
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LIMA/SANTIAGO (Reuters) - 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.