Chile, the mining superpower
Chile, being the most competitive, peaceful and stable Latin American economy, is hungry for investment. And it has a lot to offer; for example its mining industry is quickly expanding, as its rich natural resources still have significant reserves.
As one of the leading mining nations, Chile is responsible for a third of the global copper output. Other important minerals to be found in Chile also include gold, silver, molybdenum, zinc, and iron ore, altogether significantly contributing towards the nation’s GDP. Within the six following years, over US$ 200 000 million are expected to be invested in the Latin America’s mining industry, out of which one quarter will come to Chile. This in turn will be followed by an increase in demand for mining supplies, that should reach over US$ 42 000 million.
Chile considers itself ready to attract international investment, as it offers a transparent and low-risk business environment supported by the government, top class telecommunications infrastructure and IT capabilities, and extensive network of Free Trade Agreements with the US, Europe, Asia and the rest of Latin America. According to the Economist Intelligence Unit, Chile is 4th best place to do business among emerging countries, and 1st in Latin America.
Are you considering an investment? Read more about the Investment Opportunities for Mining Suppliers Forum.
Source: Chilean Economic Development Agency. 2011. Mining Cluster in Chile.
Download the brochure Mining Cluster in Chile here.
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