Chilean Mining Industry – The Year in Review
Security Theme
Strategic Competition
Keywords
Critical Minerals, Mining Technology Finance Chile Supply Chain
Description
Ax Legal reflects on the significant developments in the Chilean mining industry in 2022, emphasizing the challenges and opportunities. Highlights include discussions on a new constitution, proposed mining royalty reforms, sustainability achievements, water scarcity impacts, and growth in lithium production. The forecast for 2023 suggests a 7% sectoral growth, but political and legal risks, especially regarding mining royalties and code reforms, remain significant uncertainties. Despite challenges, Chile positions itself as a leader in addressing ESG concerns and renewable energy adoption in mining practices.
Chilean Mining Industry – The Year in Review
Ax Legal reflects on the significant developments in the Chilean mining industry in 2022, emphasizing the challenges and opportunities. Highlights include discussions on a new constitution, proposed mining royalty reforms, sustainability achievements, water scarcity impacts, and growth in lithium production. The forecast for 2023 suggests a 7% sectoral growth, but political and legal risks, especially regarding mining royalties and code reforms, remain significant uncertainties. Despite challenges, Chile positions itself as a leader in addressing ESG concerns and renewable energy adoption in mining practices.