OPERATIONAL EXCELLENCE
“ WE HAVE A ROBUST
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LEGISLATIVE FRAME- WORK , INCLUDING THE CONSTITUTION , THE MINING CODE , AND OTHER LEGISLATION THAT PROTECTS THE MINING SECTOR ”
— Baldo Prokurica , Minister of Mining , Chile
Canada ’ s Fraser Institute now rates Chile as the sixth most attractive country in the world in which to invest in mining ( up from 38th four years ago ). And there ’ s plenty for investors to consider . Prokurica makes the case for 32 medium-scale mining projects in Chile : “ Seven are classified as exploitation projects and 25 as exploration projects . The exploitation projects represent an estimated investment of $ 650mn and the creation of 1,500 jobs when fully operational .” These projects include the Atacamo Cobalto , the most advanced cobalt exploration project in Chile ( on track for compliant reserves estimation and feasibility evaluation ) and Antofagasta ’ s Incahuasi lithium project .
Prokurica believes Chile can offer investors assurances in three key ways : “ Number one , we ’ re a stable democracy – for the last 30 years whether the government has been centred , left or right , we don ’ t see many abrupt changes from one administration to the next . Second , we have a robust legislative framework , including the constitution , the mining code , and other legislation that protects the mining sector . Third , we have great respect for human
JULY 2019