Landslide Vote Opens Door to Billions in Chile Copper Investment

Sunday’s resounding rejection of a new constitution in Chile may have the secondary effect of moderating tax hikes, removing a major barrier to billions of dollars of copper investments.

With a bigger-than-expected 62% of voters opting to stick with the current investor-friendly magna carta, the government of leftist President Gabriel Boric is on shakier ground to push through reforms.

“Congress will be the key in this new stage as its negotiating power with respect to the government increases considerably,” said Juan Carlos Guajardo, who heads consulting firm Plusmining. “The entire legislative agenda of the government will have a much ...