NEW ERA

21st January 2022

NEW ERA

Photo by: Bloomberg

Chile's mining sector is preparing for what could be some significant changes that could include tighter environmental rules and higher taxes. Newly elected President Gabriel Boric (35) supports higher taxes on mining firms, while a committee will begin deliberations in earnest this year on how the environment and natural resources will figure in the country’s new constitution. The changes could be significant given that the Andean nation is the world's top producer of copper and the second largest producer of lithium. Both metals are seeing sharp price rises on soaring demand and a global rush to secure supply. Photograph: Bloomberg.