PUBLICATION

Global Business Reports

AUTHORS

Imara Salas, Meredith Veit, Kevin Norchi

Chile Mining 2018 Expomin Official Investment Guide

March 21, 2018

As a country whose economy has historically depended on mining and whose national budget is pegged to the price of copper of which the country caters for 30% of global supply, Chile serves as a microcosmic representation of the mining industry at large and suffered correspondingly during the recent downturn. Now, as commodity prices continue to recover, so will Chile’s mining industry. The combination of expected infrastructure projects in the United States, China and India, and the world’s transition from fossil fuels to electric vehicles and lithium ion batteries indicates that Chile’s natural resources will play a more critical role than ever. Global Business Reports explores how Chile’s miners have learned from the past and are implementing new technologies and strategies to ensure a more sustainable future.

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RECENT PUBLICATIONS

Chile Mining 2024 Pre-Release

The Chilean mining renaissance has begun. In 2024, the country is set to experience its first increase in copper production since 2018, driven by Codelco’s production surge and Teck Resources’ Quebrada Blanca II coming online. This year also saw the first major regulatory update since 1983 with amendments to Law No. 21,420, which modernized the mining framework. The government has shown strong support for the industry by committing to reduce permit processing times by a third and proposing 20 actionable measures to streamline processes. Additionally, Chile classified its 69 saline environments, leaving 31 open for private development and initiating a request for information process in April to rapidly advance these areas.

MORE PREVIOUSLY PUBLISHED

MACIG

"We plan to double our copper production by the end of the decade. There remains significant upside potential in the gold industry, and the copper operations are strategic and additive to that."

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