Fastmarkets has summarized mining-related policy proposals for the key candidates ahead of Chile's presidential election as presented on their political programs, with the population of the world's biggest copper producing country set to cast their vote on Sunday November 21.
What is at stake?
Chile produced a third of the world's copper in 2020, in the form of concentrates, anodes and cathodes. It is also home to large
lithium, zinc, molybdenum, gold, silver and lead reserves, among others.
The Chilean people's choice in the election could sway Chilean mining policies, including the fate of a controversial tax reform bill that may put a
quarter of Chilean copper output at risk.
While current mining officials told Fastmarkets they are eyeing an alternative bill, the direction of travel for the new president and new members of Congress is uncertain on a
proposed tax change that will determine profitability and business sustainability of major miners in the country.
Chile is home to the biggest copper deposits on the planet, including BHP's Escondida; Codelco's Andina and El Teniente projects; Collahuasi, which is jointly owned by Glencore and Anglo...