Chile: Electricity rationing in the copper zone

This would seem to add a bit to the development risk on new mining projects.

The lack of fossil fuels and the grave drough that the Andean country is suffering are responsible for why the Chilean government would have decided to decree electricity rationing for the residents of the Arica-Parinacota and Antofagasta regions, which belong to the Great North Interconnected System (SING).

The weird thing is that this “drought” comes after a very wet winter. But hey what do I know. What I know is that while this may increase public approval slightly for the HidroAysen Patagonian dam project, it is almost certain to increase public abhorrence of new copper and gold mines.