Loading ...Chile Constitutional convention votes to nationalise mining
Chile’s Environmental Commission of the Constitutional Convention has approved a rule for inclusion in the new constitution to nationalise the exploitation and exploration companies of strategic assets, which includes lithium, copper and precious metals assets. The norm would result in, “passing to the national domain all the assets of said companies and their subsidiaries related to their activity in national territory. … The exploration and exploitation mining concessions constituted in favour of these companies will cease immediately once the nationalisation takes effect,” the document reads.