Authorities may consider potential revisions to the mining laws in order to make companies that already own concessions to work on them or else give them up.
One of the main problems, says the head of Chile’s Mining Society, Diego Hernández, is miners have no incentives to do anything with the assets they already own and is very cheap to keep them.
Solar made up 57% of last year's total for all renewables (excluding large hydro) of $279.8 billion. It also towered above new investment in coal and gas generation capacity, estimated at $103 billion.
The miner is withdrawing from the World Coal Association over a clash of views on how to fight climate change, with BHP saying it’ll reap little benefit from staying on as a member.
Mining companies saw its shares plummet along with metal prices on Wednesday as China announced additional tariffs on US products, a move experts say is likely to heighten global concerns of a tit-for-tat trade war between the world's biggest economies.