During the 1990s the government enacted new laws to open up the industry to private companies, but the majority of copper mines in Chile are still controlled by the state (Codelco).
Who owns mines in Chile?
In 2020, Escondida, owned by BHP Billton, Rio Tinto and JECO, was the largest copper mine in Chile, with a copper production of nearly 1.2 million metric tons.
Leading copper mines in Chile in 2020, by production volume (in 1,000 metric tons)
|Mine (Company)||Production in thousand metric tons|
Why is there so much copper in Chile?
New milling technology, economic reforms, and increasing investment attractiveness were catalysts that turned Chile into a copper powerhouse.
What are the major resources in Chile?
Chile’s greatest natural resource is its abundance of copper. Chile also has the world’s largest deposits of nitrate, which was the country’s major source of export income before copper. Timber, from the thick forests in the south, is another important resource.
Is Chile rich in natural resources?
Chile is abundant in natural resources. One of the most distinctive characteristics of our economy is its large mining sector, particularly of copper, which places it as the world’s main copper producer. As a country we were blessed by nature with this enormous treasure.
What is Chile famous for?
Even though Chile is internationally known for its succulent red wines and its devilish pisco, Chile also has a strong and diverse beer culture!
How much of the world’s copper comes from Chile?
In 2020, Chile’s copper mine production was estimated at 5.7 million metric tons of metal content, representing 28.5 percent of the global copper production that year.