Unveiling of the desert
On October 13, 2010, the last of 33 miners trapped by an accident at the San Jose mine copper-gold near Copiapo, Chile has been winched to safety. It was at a depth of 2,300 feet below ground level. He had spent 69 days trapped underground with his companions after a shaft collapsed at the mine known to be dangerous when the death of eight miners were reported during the past 12 years. This highly publicized incident was a catalyst for the agency of the Chilean mining law to the hammer, the closure of 18 mines in the days and times to close 300 more. It is easy to condemn as dangerous Chilean mining and exploitation, but what are the real advantages and disadvantages of the industry? Other 1) Mining is a major source of income for Chilean workers Chile copper mine workers are among the best paid miners in South America. However, the inflated salaries are used to attract workers in mines with poor safety records, as in the case of San Jose, mine workers were paid about 20% more for their problems. 2) Generally Chilean mines have a good safety record San Jose is an example of a small mine in which the standards are known to slip. However, mining more generally held by multinational mining company or the state of copper, Codelco, run a tighter ship. 3) Mining brings the benefits of a strong economy for Chileans Currently enjoying a strong economic status, the people of Chile have good reason to be grateful for the mining industry. More than a third of government revenue because exports are copper alone. A significant advantage of the economic surplus of copper mining is the use of public funds to finance reconstruction after the earthquake in Chile, 2010. Cons 1) Inadequate government resources are available to monitor industry Between 2004 and 2010, the San Esteban Mining Company (owner of the mine at San Jose) has received 42 fines for violating safety rules. Why was the San Jose incident happen? Due to budgetary constraints, there were only three inspectors in the region of Atacama 884 mines. Despite a very immediate public reaction to correct the problems that led to the disaster at San Jose, the government still has much to do to bring the sector under control. 2) It is not all wine and roses economic Copper is a highly volatile international markets, are experiencing increases and decreases in value up to 50% during the 1980s. The Chilean government has set up a Stabilization Fund to set aside surpluses in good years to cover the deficit of others, but the unpredictability of such a basic element of the economy as a whole is a great source risk. 3) Environmental concerns The extraction of copper produced 99 tonnes of waste for every ton of usable material. When you look at Chile's copper production used is a lot of waste. It's not often that countries in Latin America get to reap the fruits of their natural resources, and Chile is a good example of a country that is running rich mineral deposits in the profits of which go population. However, in the race to make the most of what he got, Chile has lost control of the smaller players in the mining industry, and it's all guess they will be able to control things to the point where accidents like San Jose are a distant memory.
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