Chile’s Proposed Mining Shakeup Falls Short in Convention Vote - Bloomberg

2022-05-28 11:09:38 By : Mr. Juncheng Zhu

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The Chuquicamata open pit copper mine stands in Calama, Chile.

Proposals to severely restrict private property rights in Chile’s giant copper and lithium deposits will get one more roll of the dice after falling short in a Constitutional Convention vote. 

While a package of measures passed the two-thirds threshold in the plenary on Saturday, several individual items lacked the required votes, including giving the state exclusive rights over lithium and majority ownership of copper mines, as well as replacing concessions with temporary permits.