Chile is a leading player in the international mining industry. Mining companies plan to invest US$57,000 million in the country through to 2024 and they spend over US$15,000 million a year on support services. Chile has at least 4,600 mining suppliers, including world-class companies.
Chile is home to 28% of the world’s copper reserves (USGS 2012) and is its leading copper producer (32%). It is also the fourth largest silver producer and accounts for an important share of the international market for natural nitrates (100%), iodine (58%) and lithium (45%).
Chile must move from exporting minerals to being an exporter of mining services in order to boost the industry as a whole.
Christoff Janse | Investment Attraction Executive