Mining

When it comes to metals, Chile has got it: 21% of the world’s copper reserves, 12% of the molybdenum reserves, 5% of the silver reserves, 8% of gold and 48% of the world’s lithium reserves.

Chile is a mature, transparent and stable mining jurisdiction. We have a highly technological mining sector that fosters specialized human capital, facilitating the development of a cluster of suppliers that meets world-class standards.

We export mining services to 39 markets, exceeding US$100 million annually. The main destinations are Peru, the U.S., and Mexico.

We are promoting forward looking, integrated and sustainable mining. Committed to increasing productivity & sustainability, we strive to foster innovation and collaboration between mining companies, the surrounding communities & the suppliers to the industry.

Our competitive advantages and strong economy make us one of the top countries globally in terms of company exploration budgets, and leaders in the region, with more than US$832.7 million. (Cochilco 2023).

Chile has a portfolio of mining investment projects under evaluation for the period 2023-2032, amounting to US$65.7 billion. (Cochilco 2023).

Mining companies spend more than US$15 billion annually on machinery, auxiliary services, and technology to keep their operations running.