POLITICAL REPRESENTATIVES PROVIDE RECOMMENDATIONS TO UPDATE THE MINING VALUE PROPOSITION

Conversation CESCO 35 YEARS:

POLITICAL REPRESENTATIVES PROVIDE RECOMMENDATIONS TO UPDATE THE MINING VALUE PROPOSITION

An interesting conversation around the question ¿What does Chile want from its mining? Was celebrated past August 21st at the Gabriela Mistral Museum, on occasion of the 35th anniversary of CESCO (Center for Copper and Mining Studies).

Óscar Landerretche, Doctor in Economics from the MIT and former president of CODELCO; the lawyer Hernán Larraín, Evópoli´s president and Claudia Sanhueza, Director of the Center of social politics and economics of Mayor University, debated about the present and future of the productive sector,  where different point of views about the strategy the country should adopt both in the public and private sector, to take the mining industry to another level. 

After the meeting, we talked to the three main speakers to have definitive conclusions on what it was discussed that day. Luego del encuentro, conversamos con los tres protagonistas para concluir en propuestas concretas las reflexiones que se discutieron ese día.

  • Recommendations to update the mining value proposition in Chile 

Hernán Larraín: The biggest challenge of the XXI century is to lead an agenda that includes sustainable mining, and that its valued more than for its impact in the GDP. Now it is fundamental to see the way mining is being done. The key is that the mining industry has great leadership to take care of the challenges. 

Óscar Landerretche: To reconsider the proposal “Cobre Verde” (Green Copper) made by CODELCO, which included the creation of ethical markets with a reward for copper produced in a sustainable, ethical and secure way. If this can be accomplished it would be a valuable proposal that will help the mining industry to make progress and recover the leadership of the type of society, country, democracy and culture we want to be.

Claudia Sanhueza: The mining industry must have a long-term Outlook. That is, to think about the cost and benefits that are generated, in both the private and public sector, in at least 50 years. Additionally, it needs to consider in what way generates more benefits trough the productive linkage moving forward and in what way this activity is including the challenges of climate change, whether it is by completely transforming its energy matrix or producing goods that allow the energy matrix to grow on a global scale, like enhancing resources for the use of electromobility.

  • ¿Do you think the political world must contribute to maintain competitiveness in Chile as a mining country? 

Hernán Larraín: The political view on mining has always been focused on the fact that it generates a considerable amount of revenue for the country, but for this industry to keep moving forward challenges like sustainability, automation and human capital need to be addressed. This has no happen yet, in the previous government Maximo Pacheco created an strategic agenda for Energy, it is necessary that the same its done but for the mining industry. 

Óscar Landerretche: By formulating a development strategy based on agreements the mining related companies would look for regulatory and tributary safety but at the same time, the companies, should compromise with the development of areas like technology, culture and business. 

Claudia Sanhueza: The political world should be the leader in creating a new strategy of development for Chile that of course goes beyond the mining sector, but this probably has a role to fulfill. Minerals are still Chile´s main source of wealth. However, things cannot continue the same way and the political sector should lead a new way of doing things by creating participation spaces for diverse social actors, in both public and private sector.