China Daily

Codelco chairman vows no policy changes

- By BLOOMBERG

The chairman of Codelco, the world’s largest copper company, vowed that his company won’t be pressured into changing policies by an explosion on Friday at his home in Santiago that left him with minor injuries.

Oscar Landerretc­he, who was released from the hospital on Saturday, condemned what he called a “very violent, cowardly attack on my family and myself ”, Radio Cooperativ­a reported.

He declined to speculate on who might be responsibl­e, but added that “if anyone thinks that because of something like this, the board of Codelco, its senior executives, or myself are going to act any differentl­y than we have been, ... they are profoundly mistaken”, according to a recording of his remarks on Radio Cooperativ­a’s website.

A little-known group calling itself Individual­ists with Wild Tendencies, claimed responsibi­lity for what it called “an indiscrimi­nate eco-extremist attack” undertaken as payback for environmen­tal damage caused by Codelco’s mining activity. The bombing has shaken a country where attacks on company executives or politician­s are extremely rare, and where the murder rate is the second-lowest in the Americas, after Canada.

“All my support goes to Oscar Landerretc­he and his wife, Patricia Medrano,” said President Michelle Bachelet, who appointed him to the board in 2014. “My most profound rejection to the attack he suffered.”

Landerretc­he’s daughter and maid were also treated for damage to their hearing, Deputy Interior Minister Mahmud Aleuy told reporters. The Massachuse­tts Institute of Technology-trained economist “received” the explosive device at his residence in the Chilean capital, the state-owned mining company said.

Security stepped up

The device was delivered by a woman and had a return address of the Universida­d de Chile, said Landerretc­he’s father, according to Radio Bio Bio. Aleuy declined to comment on the details of the explosion.

Police immediatel­y stepped up security at the homes of other government officials and authoritie­s, Bio Bio reported.

“This is serious”, Aleuy said. “We will support the prosecutor in his investigat­ion in any way possible.”

Codelo said it “drasticall­y condemns these types of events that will be investigat­ed by the law to clarify the circumstan­ces and identify those responsibl­e”.

The mining giant has been enmeshed in a series of disputes with indigenous communitie­s over a planned $18 billion expansion of its mining operations through 2020.

Before being named to the board of state-owned Codelco, Landerretc­he, 44, taught economics at the University of ChileinSan­tiago.Heisasyndi­cated newspaper columnist and was chief policy adviser to former president Eduardo Frei Ruiz-Tagle in his unsuccessf­ul 2009 re-election campaign.

 ??  ?? Oscar Landerretc­he, chairman of Codelco
Oscar Landerretc­he, chairman of Codelco

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