The global mining market is set to reach $2276.8 billion in 2024, with a CAGR of 6.5%, driven by technological advancements and increased investments.
Latin America's mining industry offers growth opportunities, particularly in copper, gold, silver, lithium, and tin, fostering economic development and technological innovation.
Chile leads in global lithium production and boasts a pipeline of copper projects totalling over USD$50 billion, attracting significant investments.
Chilean mining sees a projected USD$10.7 billion investment in 2024, emphasizing sustainability through certifications like the copper mark.
Chilean mining operations aim to source close to 50% of power from renewables by 2030, aligning with environmental and financial goals.
Modifications to Chile's mining code, effective from January 2024, aim to enhance regulatory frameworks and operational efficiency through increased fees and geological information requirements, supporting sustainable growth in the sector.
