Chile Copper Mining to 2024 – Updated with Impact of COVID-19

Chile is the world’s largest s copper producing nation with 5,746.1kt (thousand tonnes) output in 2020, down by 0.7%, due to reduction in the operational workforce under a plan implemented against COVID-19. With an expectation of commencement of 20 upcoming projects within the forecast period, the country’s copper production is expected to grow at a CAGR of 4.3% over 2020-2024. Corporacion Nacional del Cobre de Chile (Codelco), BHP, Antofagasta Plc and Anglo American Plc are the top players in country’s copper mining. The country is predominantly export-oriented, with China being its largest export partner. However, the COVID-19 outbreak led the temporary closure of Shanghai International Port, which handles approximately 70% of the copper imports into China, has impacted copper trade between the countries, particularly during the first half of 2020.

Scope

The report contains an overview of the Chile’s copper mining industry including key demand driving factors such as demand from the construction and electric vehicles markets. It provides detailed information on reserves, reserves by country, production, production by company, major operating mines, competitive landscape, major exploration and development projects, copper exports and about the regulatory framework that regulates the Chile mining industry.

Reasons to buy

Comprehensive evaluation of the impact of COVID-19 on Chile’s copper mining industry

To gain an understanding of Chilean copper mining and relevant driving factors

To understand historical and forecast trend on the country’s copper production

To gain an overview of the major copper producers in Chiles copper mining industry.

To understand how demand from the construction and electric vehicles markets are affecting the Chile’s copper.

To identify about the key importing countries for Chile copper

To identify major active, exploration and development projects

To understand about the regulatory framework of the country’s mining industry such as regulatory bodies, mining codes, mining laws, licenses, obligation and taxes.

Companies mentioned

BHP, Corporacion Nacional del Cobre de Chile (Codelco), Antofagasta Plc and Anglo American Plc

Table of Contents

1. Executive Summary

2. Reserves, Production and Prices

2.1 Copper Reserves by Country

2.2 Chile Copper Production

2.3 Production by Company

3. Chile Copper Assets

3.1 Active Mines

3.2 Exploration Projects

3.3 Development Projects

3.4 Copper Prices

4. Consumption and Exports

5. Key Demand Drivers

5.1 Demand from the Construction Industry

5.2 Demand from the Electric Vehicle Market

6. Major Copper Producers

6.1 Mines and Projects by Company

6.2 BHP

6.3 Corporacion Nacional del Cobre de Chile (Codelco)

6.4 Antofagasta Plc

6.5 Anglo American Plc

7. Chile Fiscal Regime

7.1 Governing Bodies

Ministry of Mining

National Service of Geology and Mining

Ministry of Mines

Ministry of Environment

Chilean Copper Commission

7.2 Mining Laws

Mining Code

Constitutional Organic Law on Mining Commission

Mining Safety Regulation

Mining Sites and Facilities Closure Law

Exploration License

7.3 Rights and Obligations

Mining Rights and Obligations

7.4 Taxes and Royalties

Corporate Taxes

Second Category Income Tax

Withholding Tax

Real Estate Tax

Stamp Tax

Tax on Mining Activities

Value Added Tax

Custom Duties

8. Appendix

8.1 Abbreviations

8.2 Methodology

8.3 Coverage

8.4 Secondary Research

List of Tables

Table 1: Chile Copper Mining – Historical and Forecast Chile Copper Production (Thousand Tonnes), 2004–2024

Table 2: Chile Copper Mining – Active Mines, 2020

Table 3: Chile Copper Mining – Exploration Projects, 2020

Table 4: Chile Copper Mining – Development Projects, 2020

Table 5: Chile Copper Mining – Copper Prices Quarterly (US$/Tonnes), Q1 2014–Q4 2021

Table 6: Chile Copper Mining – Historical and Forecast Chile Copper Consumption vs. Exports (Thousand Tonnes), 2004–2024

Table 7: Chile Copper Mining – Number of Operating, Development and Exploration Projects by Company, by Stage, 2020

Table 8: Chile Copper Mining – BHP, Major Projects, 2020

Table 9: Chile Copper Mining – Corporacion Nacional del Cobre de Chile (Codelco) Major Projects, 2020

Table 10: Chile Copper Mining – Antofagasta plc, Major Projects, 2020

Table 11: Chile Copper Mining – Anglo American Plc, Major Projects, 2020

Table 12: Chile’s Mining Fiscal Regime – Firs Category Tax, 2020

Table 13: Chile’s Mining Fiscal Regime – Withholding Tax, 2020

Table 14: Chile’s Mining Fiscal Regime – Mining Tax, 2020

List of Figures

Figure 1: Chile Copper Mining – Share of Copper Reserves by Country (%), as of January 2020

Figure 2: Chile Copper Mining – Historical and Forecast Chile Copper Production (Thousand Tonnes) vs. Number of Operating Mines, 2004–2024

Figure 3: Chile Copper Mining – Production by Major Company (Thousand Tonnes), Q1-Q3, 2019 and 2020

Figure 4: Chile Copper Mining – Copper Prices, Quarter (US$/Tonnes), Q1 2014- Q4 2021

Figure 5: Chile Copper Mining – Historical and Forecast Chile Copper Consumption (Thousand Tonnes) vs. Exports (Thousand Tonnes), 2018–2024

Figure 6: Chile Copper Mining – Chile Copper Exports by Country (%), 2019

Figure 7: Chile Copper Mining – Construction Output Value (US$ Billion), 2019–2024

Figure 8: Chile Copper Mining – EVs Production (Thousand Units), 2014–2034

Figure 9: Chile Copper Mining – Number of Operating, Development and Exploration Projects by Company, by Stage, 2020

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