The Chilean government keeps copper miners calm in the midst of unrest

Published: Nov 26, 2019 08:12

On Monday, the Chilean government assured nervous mining companies that it would try to provide a business-friendly environment, despite a month of unrest in the country that has killed more than 20 people and cost billions of dollars.

In the face of chaos, most of Chile's copper mines are functioning properly. But some top copper miners, including KGHM Polska Miedz SA, have recently expressed concern about their long-term prospects. Because Chile is considering amending the constitution and tax laws to quell protests.

Although the worst violence has subsided, the protests in Chile show no sign of slackening.

While most mines are located in remote areas, managers and analysts are concerned that continued unrest could threaten mine operations.

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The Chilean government keeps copper miners calm in the midst of unrest - Shanghai Metals Market (SMM)