The article discusses how Chile’s shift towards the left could raise risks for Canadian miners. Here are some key points from the article:
- Chile’s new president, Gabriel Boric, has introduced policies that could affect mining operations in the country.
- The government is considering increasing taxes on mining companies and implementing stricter regulations to reduce their environmental impact.
- These changes may lead to increased costs for Canadian miners operating in Chile, potentially affecting their profitability.
- The shift towards a more left-leaning government in Chile could also create uncertainty for investors, making it more challenging to predict the future of mining operations in the country.
Overall, the article suggests that while the risks associated with Chile’s new government may be significant, they are not necessarily alarming enough to warrant an immediate withdrawal from the region. Instead, Canadian businesses operating in Latin America can prepare themselves by acquiring a local partner or ensuring there is adequate expertise on their team.