Fast Market Research recommends "Base Metals Mining in Chile to 2020 - a Focus on the Copper Industry" from Timetric, now available

Boston, MA -- (SBWire) -- 11/24/2014 --Chile's copper mine production in 2013 was 5.8 million tonnes (Mt), with the majority originating from the Antofagasta region. Copper mine production is projected to increase over the forecast period, with commencements of new projects and expansions at existing mines. The country's copper mining industry is mostly export-oriented and domestic consumption is very low.

Report Highlights

- The mining industry is the mainstay of the Chilean economy, with copper being the most important commodity. Significant investments worth US$112.5 billion, of which copper mining accounts for 30 projects valued at US$86.7 billion, are expected to drive the copper mining industry over the forecast period (2013-2021).

- However, falling ore grades, increasing depth of mines, scarcity of skilled mining labor and severe power shortages are major challenges faced by the copper mining industry in Chile.

- New copper projects and capacity additions at operating mines will help Chilean copper mine production to grow over the forecast period. Codelco and other operators aim to commence a number of copper projects. The Sierra Gorda project of KGHM Polska Miedz SA, Sumitomo Metal Mining Co. Ltd and Sumitomo Corporation, with production capacity of 220,000t, and Pan Pacific Copper Co. Ltd's Caserones project began operations in 2014.

- The mining industry is Chile's largest consumer of electricity, and consumption increased during the last decade; and with upcoming projects, the government predicts severe power shortages by 2017. Energy costs in Chile are high and around 33.3% of demand comes from mining.

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Report Scope

The report contains an overview of Chile's copper mining industry together with the key growth factors and restraints affecting the industry. It also provides information about reserves, production, consumption, prices, trade, the competitive landscape and major active, exploration and development projects.

Reasons to Get this Report

Companies Mentioned in this Report: Corporacion Nacional del Cobre de Chile, Minera Escondida Limitada

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