Mining Wins as Chile and South Africa Back Pro-Business Leaders
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For the world’s largest mining companies, it was a victory day.
In Chile, the world’s largest copper producer, voters returned billionaire Sebastian Pinera to the country’s presidency, with a promise to reduce corporate taxes and cut red tape. In South Africa -- the top producer of platinum and also rich in gold, coal, ferro-chrome, iron ore and other minerals -- the ruling party backed Cyril Ramaphosa as its new leader, putting him on a path to replace Jacob Zuma as the country’s president.