Republic of Chile
Chile is a premier global mining investment destination and is renowned as the mining capital of Latin America. The country is a leading producer of several key minerals: it produces 33% of global copper (1st position), 7% of global gold (13th position), 33% of global lithium (2nd position), is the world’s second-largest producer of molybdenum, and holds the top position as the largest producer of elemental 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 exports contributing more than one-third of government 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 giants are active in Chile, including Barrick Gold, Newmont, BHP Billiton, Anglo American, Freeport-McMoRan, and Rio Tinto. The country also hosts a range of mid-tier and junior mining companies, both listed and private, such as Yamana Gold and Fresnillo.
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.