A Giant Copper Union Joins Push for Bigger State Role in Chile
- Federation wants 75% tax take and Codelco to lead all projects
- FTC is pitching to lawmakers, Constitutional Assembly members
This article is for subscribers only.
As the top copper-producing nation drafts a new constitution and heads toward presidential elections, an influential mining union is pushing for a bigger state role in mining and a much larger government take.
The FTC, which brings together unions at Chile’s state-owned copper producer Codelco, wants privately-run mines to pay 75% of earnings in tax and ensure that Codelco takes the lead on all new major projects, President Patricio Elgueta said in an interview. FTC directors are pitching the proposal to lawmakers, other politicians and members of the Constitutional Assembly.