Miners Are Caught Between Rocks and Hard Places
From Peru’s social unrest to Panama’s industry intervention, Latin America is becoming a trickier destination for big diggers.
Protests in Trujillo, Peru.
Photographer: Arturo Gutarra Chavez/Bloomberg
Hello and welcome to Elements, our daily energy and commodities newsletter. Today, Bloomberg Opinion’s Clara Ferreira Marques reflects on the turmoil in Latin America’s mining industry. Meanwhile, oil investors are looking ahead to earnings season and, for the first time, a BloombergNEF analysis shows the world has invested as much money in replacing fossil fuels as it has in producing them. If you haven’t signed up to get Elements sent to your inbox, you can do that here.
Latin America has long been a favored destination for mining majors as a reliable source of metals, particularly copper. But increasingly, it’s becoming a trouble spot. From Chile’s tax hike to Peru’s social unrest and Panama’s intervention in a massive mine, all is not well.