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Chile is endowed with a variety of metals, but is known for being the world’s leading producer of copper from mining. The mining sector accounts for approximately 10% of Chile’s GDP, which in 2017 was approximately $270 billion.
As of July 2018, the Ministry of Mining's Sustainable Development Division lists 123 projects with approved Environmental Qualification Resolutions (EQR), valued at nearly $34 billion.
Mining in Chile benefits from:
Argentina shares a Cordillera mountain range that has helped create over 400 mining projects in Chile. In Northern Argentina, this same structure has created numerous gold and copper porphyry systems, but in general the country remains under-explored and under-developed relative to its western neighbour.
Known for its lithium resources as well as its copper and gold potential, the country also has resources of lead, molybdenum, silver, zinc and uranium.
In recent years the mining industry represented only 1 per cent of the national GDP, but reportedly, forecasts indicate that the mining sector’s overall contribution to the country’s GDP will increase by 3 or 4 per cent in 2025.