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Communist Candidate Promises Copper Nationalization in Chile
In Chile, a communist candidate Salvador Allende, leading in polls, pledges to nationalize copper mines if elected. Miners around Sewell and Teniente Mine criticize U.S. firms like Kennecott and Anaconda, calling them oppressive while praising current wages and benefits. The sector fuels about 70 percent of Chile’s foreign exchange, with strikes causing heavy losses since 1958. Government stance seeks to balance worker demands with protecting copper revenue.
MENTIONED IN THIS ARTICLE
Jose M. Orlando
Santiago
Chile
AP Copper
U.S
Salvador Allende
Anaconda and
Kennecott Copper
Kennecott
el Teniente
Braden Copper Co
Anaconda
Chuquicamata
Copp R