What everyone forgets is events in chile. got this c/o Salman Partners Vancouver,BC, Cda
Antofagasta plctoday announced that "the operating and capital cost environment in the mining industry in Chile remains subject to the negative forces of high inflation, shortages of experienced project personnel and escalating costs of energy...
[Furthermore] there has been a marked increase in social and environmental activism against large projects in Chile in recentyears and we [Antofagasta] have been particularly affected by this at Los Pelambres where this activism has been reflected bynumerous law suits against the company over recent years...
This increased trend towards litigation is becoming increasingly widespread in Chile, which is putting companies’ licence to operate under question even though all the required approvalsand permits have been properly obtained".
Analyst Coverage: Raymond Goldie