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Anglo American urges faster permits in Chile to close copper supply gap

From miningweekly.com

Chile needs to speed up its permitting processes to help copper mining expand ahead of a large supply gap expected in the coming years, Anglo American Chile CEO Patricio Hidalgo said on Tuesday. Chilean President Gabriel Boric has pledged to cut the permitting timeline by a third, yet a reform that would streamline the process is still under debate in Congress.Numerous mining companies in Chile, which supplies about a quarter of the world's copper, have urged a swift passage of the initiative. Anglo American, one of the world's biggest miners that was a takeover target of bigger rival BHP last year, in Chile operates ... (full story)

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  • Category: Fundamental Analysis