Republic of Chile

Chile is a Tier 1 global mining investment destination and is recognized as the mining capital of Latin America. Chile produces 33% of the global copper production (1^st position), 7% of the global gold production (13^th position), 33% of global lithium production (2^nd position), is the world’s second largest producer of molybdenum, and is the world’s largest producer of elemental iodine (1^st position).

Montero has exploration experience and a large network in Chile.

The mining sector in Chile is one of the pillars of Chilean economy and copper exports alone stands for more than one third of government income. Major mining commodities include copper, gold, and lithium. Apart from Codelco, SQM and listed Chilean mining company Antofagasta Minerals, all the major international mining houses are active in Chile (Barrick Gold, Newmont, BHP Billiton, Anglo American, Freeport, Rio Tinto) as well as numerous listed and private mid-tier and junior companies (Yamana, Fresnillo). The country has a long history of mining and is a free and open democracy with a stable Government open to mining investment. Chile has good road, rail and power infrastructure, the necessary skills base and attractive fiscal regime for mining investment.