LatinNews Daily - 29 May 2026

*Chile’s economy and mining minister, Daniel Mas, has ruled out privatising state-run copper company Codelco, according to national media reports. Mas made his comments the day after Bernardo Fontaine, a renowned economist from the Pontificia Universidad Católica de Chile (PUC), took over as Codelco’s chairman, replacing Máximo Pacheco. Mas was cited as saying “we are not talking about privatising… we are talking about working with private companies just as the last administration of Máximo Pacheco did, with over 12 agreements with private entities”. Chile’s President José Antonio Kast, who took office in March, had previously promised to privatise Codelco, which was nationalised in 1971 by former president Salvador Allende (1970-1973), although he did not eventually include this in his campaign manifesto. Also yesterday, Codelco announced that it had ordered its audit committee to contract an external forensic auditor to review the calculation of 2024-25 production figures due to improper reporting of the figures, as well as the costs associated with renovating Codelco’s headquarters.

End of preview - This article contains approximately 163 words.

Subscribers: Log in now to read the full article

Not a Subscriber?

Choose from one of the following options

• Subscribe
• Sign up for a one-time, 14-day trial