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Chile Moves Toward State Ownership in Chilean Economy
Santiago reports Chile under President Allende is nationalizing copper mines with expected compensation in hard currency or copper. Kennecott Anaconda and Cerro hold major stakes and face settlement estimates around 186 million to 80 million and 15 million respectively. Government aims to take banks and seven basic sectors, pressuring farmers and factories while labor remains favored.
MENTIONED IN THIS ARTICLE
Santiago
Chile
Latin America
United States
U.S
Salvador Allende
U. S
Kennecott
Anaconda
Cerro
el Teniente
Chuquicamita
Bethlehem Steel
Peru
Bolivia
Allende
Darling
Cuba
Russia