- May 14, 2022
- Posted by: AliensFaith
- Category: OBJECTIVE PRESS
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.