PUBLICATION

Global Business Reports

AUTHORS

Mungo Smith, Mariolga Guyon, Maya Ordoñez

Chile Mining 2024 Pre-Release

May 22, 2024

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.

Reforms and innovations are set to revitalize the sector, positioning Chile as a leader in the global energy transition. This pre-release edition of Chile Mining 2024 offers in-depth analysis and insights based on nearly 100 interviews with executives from major producers, associations, juniors, consultants, investors, and service providers, providing a comprehensive overview of the transformative changes and future opportunities in the Chilean mining industry.

RELATED INTERVIEWS MORE INTERVIEWS

Tembo Power is developing hydropower projects across Africa with a focus on DRC.
Chesser Resources is upbeat about its Diamba Sud gold resource in Eastern Senegal.
Robocon speaks with GBR about the outlook for its services in Peru.
"Our product innovation process involves gathering client feedback and submitting it to the factory, which determines which ideas to pursue based on economic considerations."

RECENT PUBLICATIONS

Peru Mining 2024

After five months in Lima and more than 130 interviews, the conversations with C-executives along the Peruvian mining value chain touched on various topics. These included production targets, drilling results, the benefits of new technologies like the so-called “digital twins” to replicate reality in a virtual environment, and even the use of cartridge valves. However, a recurring theme in almost every interview, and perhaps the most significant one in relevance, is Peru's loss of its position as the second-largest copper producer to the Democratic Republic of Congo.

MORE PREVIOUSLY PUBLISHED

MACIG

"Africa used to represent a small portion of our revenue, but over the past three years, we have nearly tripled our business here."

SUBSCRIBE TO OUR NEWSLETTER