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August 9, 2022
Americas Business Chile Mining news

Chile’s constitutional assembly rejects plans to nationalise parts of mining sector

The proposal would have seen lithium and rare metal resources taken into state hands as part of the country’s wide-ranging political shakeup

A constitutional assembly in Chile has rejected plans to nationalise parts of the crucial mining industry in a blow to progressive hopes of overhauling the neoliberal Pinochet-era political settlement.

The proposal, known as article 27, would have given the state exclusive mining rights over lithium, rare metals and hydrocarbons and a majority stake in copper mines.

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