Chile, one of the four major world copper exporters, has said that it plans to propose price fixing when the Intergovernmental Committee of Copper Exporting countries meets in May.
Chile, one of the four major world copper exporters, has said that it plans to propose price fixing when the Intergovernmental Committee of Copper Exporting countries meets in May. The committee includes Chile, Peru, Zambia and Zaire, which jointly produce 70 percent of the world's copper exports.
Chile's copper mines, nationalised by Dr. Allende's government, are still under the control of the state and the military junta. Soon after the military coup which overthrew President Allendo, the junta announced that it had decided not to reverse the nationalisation. But it said they would be prepared to enter into new negotiations on the question of compensation.
Copper is Chile's economic lifeblood, accounting for eighty percent of its export trade. The junta has admitted that it wold like to earn even more from its mines if the other copper exporting countries agree, by following the example of the oil exporting countries which banded together to raise prices.
Strikes are banned under the military regime and copper production, as a result, has not suffered any serious set backs since the junta came to Power. Strikes by copper miners when President Allende was in power seriously undermined his economic plans.
The Chuquicamata open cast mine in the province of Antofagasta in Chile is the largest in the world. Foreign Journalists were invited to visit the mine on Saturday (6th April) and were allowed to interview union members who have kept the copper coming out under both a socialist and a military regime. They told Visnews cameraman, Ariel Onetto, that the workers feel their jobs are safer undor the new regime and that copper mining was going ahead.