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InvestChile will participate in the PDAC 2024 mining convention in Toronto

6 March, 2024
  • The Chilean delegation will be led by Minister of Mining, Aurora Williams, and aims to promote Chile as a destination for mining investment, both exploration and operation, as well as the development of new technologies and services for the industry.

Chile’s Foreign Investment Promotion Agency, InvestChile, will form part of the Chilean delegation led by Minister of Mining, Aurora Williams, to promote Chile as a destination for mining investment at the annual convention of the Prospectors & Developers Association of Canada (PDAC) 2024, the world’s largest mineral exploration and mining event.

The PDAC Convention will bring together around 30,000 attendees from over 130 countries, who will have access to educational presentations, networking events, and business opportunities. InvestChile’s Investment Promotion Executive, Christoff Janse, who specializes in mining, will attend the event, together with the agency’s Investment Commissioner in Ottawa, Francisco Appelgren, to participate in seminars, bilateral meetings, and other activities to promote our portfolio of mining exploration projects in Chile, which was prepared by the Ministry of Mining together with InvestChile.

This new edition of the portfolio contains 36 initial exploration, advanced exploration, and mining pre-production projects for minerals including copper, gold, and iron, from Chile’s Arica y Parinacota Region to the Los Lagos Region. As such, 36 investment opportunities will be presented to the mining companies that attend the PDAC Convention.

“Chile has been, is, and will be a mining country. Most mining companies know about us, and they also know that the mining industry faces the permanent task of renewing itself in the face of global challenges, where Chile has a unique opportunity,” said InvestChile, Director, Karla Flores, who explained the importance of minerals such as copper, for example, in the energy transition that is underway both in Chile and globally.

“Conventional cars contain from 18 to 49 pounds of copper, but battery-powered electric vehicles contein 183 pounds (and a fully electric bus contains 814 pounds), which gives us an idea of the future demand for minerals where we provide added value and offer competitive advantages in their production,” she added.

Since its creation, InvestChile has supported 197 mining companies from all over the world. As of the end of 2023, the agency’s investment project portfolio included 28 mining projects in various phases of development worth US$8.2 billion with 4,812 associated jobs, in which Canada was the main source of investment with projects worth over US$5 billion.