Chile to reap benefits of multibillion-dollar copper investment
The government will not support proposals for royalties as it believes growth will boost tax revenue
13 April 2021 - 19:42
UPDATED 14 April 2021 - 15:13
The world’s largest copper producer expects to return to record output in just two years as it bounces back from disruptions from Covid-19 and as new projects start, Chile’s mining and energy minister, Juan Carlos Jobet, said.
For SA, Chile’s fortunes in the copper industry are of interest. Companies are exposed to the sector either directly and operating mines, as in the case of Anglo American, or indirectly, as for example Master Drilling, which provides rigs to state-owned miner Codelco, the world’s largest copper miner...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.