OppORtunItIeS And Demand for copper remains strong and Chilean miners use CHAllengeS technology and innovation to increase productivity, reduce costs, and remain globally competitive. Mining Economic Access to profits continue to growth in the Chilean economy and Energy and Water foreign investment fuels a new wave of mineral exploration. Exploration Diversification Productivity Sustainability Human Capital Benefit for Communities key SuppORtIng megAtRendS The Asian Century Innovation Imperative key CHARACteRIStICS Mining remains a major industry in Chile, continuing to drive both GDP growth and exports. Strong global economic growth continues to fuel demand for copper and copper prices remain level or slowly increase. Decreases in Chinese growth rates are offset by rapid growth in India and other developing countries. Multi-factor productivity (MFP) in Chile’s mining sector rises and becomes comparable to MFP in other developed mining countries such as the United States and Australia. This is driven by research, innovation, and use of advanced technologies in automation, remote operations, advanced processing, and smart information platforms. Increased production of unconventional oil and gas resources drive down global energy prices, reducing one of the key input costs for the Chilean mining industry. A new wave of mineral exploration is driven by the development of a national pre-competitive geosciences database and the reformation of exploration rights. Research in deep exploration technologies and in-situ mining allows deeper and more difficult resources to be mined profitably. Mining companies partner with government and universities to make investments in human capital development. Copper remains competitive against potential substitute materials.
Demand for copper remains strong and Chilean miners use technology and innovation to increase productivity, reduce costs, and remain globally competitive. Mining OppORtunItIeS And CHAllengeS Economic Access to profits continue to growth in the Chilean economy and foreign investment fuels a new wave of mineral exploration. Diversification Exploration Energy and Water Productivity Human Capital Sustainability Benefit for Communities key SuppORtIng megAtRendS The Asian Century Innovation Imperative key CHARACteRIStICS Mining remains a major industry in Chile, continuing to drive both GDP growth and exports. Strong global economic growth continues to fuel demand for copper and copper prices remain level or slowly increase. Decreases in Chinese growth rates are offset by rapid growth in India and other developing countries. Multi-factor productivity (MFP) in Chile’s mining sector rises and becomes comparable to MFP in other developed mining countries such as the United States and Australia. This is driven by research, innovation, and use of advanced technologies in automation, remote operations, advanced processing, and smart information platforms. Increased production of unconventional oil and gas resources drive down global energy prices, reducing one of the key input costs for the Chilean mining industry. A new wave of mineral exploration is driven by the development of a national pre-competitive geosciences database and the reformation of exploration rights. Research in deep exploration technologies and in-situ mining allows deeper and more difficult resources to be mined profitably. Mining companies partner with government and universities to make investments in human capital development. Copper remains competitive against potential substitute materials.
EN-The-Future-of-Mining-in-Chile-WEB-DOCX.docx