Industry investment in Chile unlikely until fiscal regime resolved, Freeport exec says

The metals and mining industry is unlikely to invest significantly in Chile until uncertainty surrounding the country's fiscal framework is resolved, the chief financial officer of Freeport-McMoRan said.

Kathleen Quirk, also president of the United States-based copper producer, said that Freeport was watching developments in Chile before making any further investment decisions.
“I believe the industry is unlikely to take on substantial investments currently until there’s more clarity around the fiscal regime there,” she said at Deutsche Bank’s 12th annual global basic materials virtual conference on Thursday June 10.
“We have an opportunity in Chile which we’ve advanced, but we’re going to continue watching the developments there before sanctioning a project,” she said.

A bill to increase royalties on Chilean miners, along with talk of a similar hike...

Published

Andrea Hotter

June 10, 2021

19:06 GMT

New York