Precious Metals Mining in Chile to 2020 - New Market Study Published

Chile had the world's fourth-largest gold and silver reserves, according to the United States Geological Survey (USGS), with 3,900 tonnes (t) of gold and 77,000t of silver at the start of 2014. Chile accounted for 2% of global gold mine production in 2013, producing 1.7 million ounces, and was the fourth-largest producer in Latin America. Its silver mine production at 42.9 million ounces accounted for 4.6% of global silver mine production in the same year, and the country ranked third-highest in Latin America. The El Penon mine was by far the largest gold and silver-producing mine with production volume of 338,200 ounces of gold and 6.5 million ounces of silver in 2013. Over the forecast period 2014-2020, gold mine production is forecast to increase to 5.2 million ounces, and silver mine production to 82 million ounces.

Full Report Details at
- http://www.fastmr.com/prod/945869_precious_metals_mining_in_chile_to_2020.aspx?afid=301

Report Highlights

* Investments in exploration in the Chilean mining landscape were approximately US$1 billion in 2012 in both greenfield and brownfield projects.
* According to the Chilean Copper Commission, the nation's mining industry has investments worth US$112.5 billion planned over 2013-2021, of which US$9.3 billion is earmarked for gold and silver mining over 2013-2016.
* Chile is the fourth-largest gold mine producer in Latin America after Peru, Mexico and Brazil, with production of 1.7 million ounces in 2013. The majority of the country's gold mine production originates from the El Penon mine in the Antofagasta region (338,200 ounces), the Esperanza Project in the Antofagasta region (237,100 ounces), and the La Coipa mine in the Atacama region (162,400 ounces).
* The Chilean mining industry overall faces two major impediments: high energy costs stemming from insufficient generation and transmission, and shortage of water leading to higher cost of desalinating seawater for use at mines.

Report Scope

The report contains an overview of the Chilean precious (gold and silver) metals mining industry together with the key growth factors and restraints affecting the industry. It also provides information about reserves, production, production by region, Chilean vs global mine production, demand by end use, prices, competitive landscape and major active, exploration and development projects.

Reasons to Get this Report

Gain an understanding of the Chilean precious metals mining industry, the relevant drivers and restraining factors, reserves, historic and forecast production, prices, the competitive landscape and the country's fiscal regime.

Companies Mentioned in this Report: Kinross Gold Corporation, Yamana Gold Inc., Cerro Grande Mining Corporation, Anglo American Plc

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