Operating in Chile

Operating in Chile

Chile is a premier global mining investment destination and is renowned as a leading mining jurisdiction in Latin America. The country is the world’s largest copper producer and the second-largest producer of lithium, and it is also the world’s leading producer of iodine.

Montero Mining & Exploration Ltd. benefits from extensive exploration experience and a broad network within Chile.

The mining sector is a cornerstone of Chile’s economy, with copper remaining Chile’s largest export and a major contributor to fiscal revenue.

Major commodities in Chile’s mining industry include copper, gold, and lithium. In addition to major Chilean companies such as Codelco, SQM, and Antofagasta Minerals, numerous international mining companies are active in Chile, including Barrick Gold, Newmont, BHP, Anglo American, Freeport-McMoRan, and Rio Tinto. The country also hosts a range of mid-tier and junior mining companies, both listed and private.

Chile’s long history of mining is supported by a stable democratic government that is open to mining investment. The country boasts robust infrastructure, including road, rail, and power systems, a skilled workforce, and an attractive fiscal regime for mining investments.

 In late 2025, Chile underwent a change in government that has been viewed positively by the mining and investment community. The new administration has publicly emphasized regulatory stability, streamlined permitting processes, and renewed engagement with the private sector, including the mining industry. 

Early policy statements and market commentary have highlighted a more pragmatic approach to mining investment, with a focus on encouraging exploration, development, and foreign investment while maintaining environmental and social standards. This shift has contributed to improved investor sentiment toward Chile as a leading mining jurisdiction and is expected to support renewed exploration activity and capital deployment in the sector.