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Chile urges copper mining companies to stay calm amid unrest

Published 26/11/2019, 03:35 am
Updated 26/11/2019, 03:42 am
© Reuters.  Chile urges copper mining companies to stay calm amid unrest

By Fabian Cambero

SANTIAGO, Nov 25 (Reuters) - Chile, the world's top copper producer, reassured jittery mining companies on Monday, saying it would do everything possible to provide a business-friendly environment even as a month of riots across the country have left more than 20 dead and billions in damages.

Chile's copper mines have mostly maintained production and kept operations running normally in the face of the unrest, with only scattered incidents reported. top miners, including Poland's KGHM Polska Miedz SA KGH.WA , have recently expressed concern about longer-term prospects as the country assesses rewriting its constitution and overhauling tax laws to quell protests. Mining Minister Baldo Prokurica acknowledged their concerns. is...resolving these issues through its institutions, and as such, we will do everything possible to give miners security and assure them certainty," Prokurica told Reuters.

Though the worst of the violence has simmered, the Chile protests show little sign of letting up despite measures taken by President Sebastian Pinera. most mines are in remote areas, managers and analysts worried that continued unrest could hurt operations that make Chile responsible for around 28% of global production.

To date, however, miners have reported only minimal impacts on operations.

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