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What’s next for the KGHM mine in Chile? Sasin is going overseas

What’s next for the KGHM mine in Chile? Sasin is going overseas

There has been talk of the Chilean government’s attempts to use domestic copper mines owned by powerful mining companies from around the world since December 2021, when it won the presidential election there representative of the left, Gabriel Boric. He took office in March 2022. In the course of work on the new constitution, demands were made to nationalize the mining sector. This would mean nationalization of the copper mines, including KGHM’s Sierra Gorda plant. However, Polish analysts have never taken this risk seriouslypointing to the enormous costs of such an undertaking, difficult to bear for the Chilean budget. In September, the draft of a new constitution was lost in a referendum and the government will work on a new version of it.

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