Chile: Mining friendly
Low Sovereign Risk
Chile has a population of >19 million people in South America’s most stable and prosperous nations. Chile’s mining production ranks amongst the highest in the world, it’s the leading copper producer and second largest producer of lithium.
Extremely Low Corruption
Chile ranks in the top quartile of countries in Transparency International’s 2022 Corruption Index, with similar rankings to the United States of America.
Supportive Government Policy Towards Mining
Mining is a major driver of the Chilean economy, contributing to more than 50% of Chile’s exports and 15% of its GDP. The Chilean government has established a plan to boost investment and is offering new incentives to encourage investment and growth in the mining sector.
Significant Mineral Endowment
Chile is a world leader in mining as the top producer of both copper & iodine in the world, Chile is also home to several other highly valuable natural resources including molybdenum, selenium, rhenium, nitrates, iron ore, lithium, and precious metals such as gold. Most of the world’s largest mining companies operate in Chile.
Source: 1-World Bank, 2- https://www.fraserinstitute.org/sites/default/files/annual-survey-of-mining-companies-2020.pdf