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Codelco postpones $34B investment plan citing financial crisis
La TerceraLO·CL·about 9 hours ago
Peru's incoming government, led by Keiko Fujimori, has prioritized the expansion of its mining sector to challenge Chile's position as the world's leading copper producer. It remains uncertain whether the administration can overcome existing regulatory and social hurdles to accelerate project development.
The Peruvian government is considering appointing retired military leaders and a mining executive to cabinet positions, which may impact the mining sector. There is medium confidence in this assessment due to the sources and ongoing corruption investigations. The ability of the incoming Fujimori administration to overcome regulatory and social hurdles to expand copper production remains uncertain.