New Study: Chile Mining Report Q2 2016

From: Fast Market Research, Inc.
Published: Tue Mar 01 2016

Chile's mining sector will experienc e limited growth, as copper and gold prices remain weak over our forecast period to 2020 . The country will remain the top global copper producer, although rising production costs and falling ore grades will curb output growth.

Latest Updates & Structural Trends

Chile, the largest copper producer, will experience relatively flat growth over 2016 to 2020, as weak copper prices and rising operational costs limit investment. We forecast Chile's annual copper production growth to average 1.6% over this period, increasing in volume from 6.0 million tonnes (mnt) in 2016 to 6.4mnt by 2020.

Chile's gold sector will experience limited growth over our forecast period to 2020 due to persistently low gold prices. We expect production to increase at an average y-o-y rate of 1.5% between 2016 and 2020, with output growing from 1.8moz to 1.9moz.

Elevated operating costs, notably water and power costs, will weigh on Chile's extractive sector, deterring investment particularly in light of lower costs in neighbouring Peru. While lower oil prices and a weaker Chilean peso on the back of US dollar strength will cap growth in input costs, providing a boon to miners facing subdued metal prices, the benefit will be outweighed by rising operating costs.

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State-owned Codelco will remain Chile's largest copper miner as measured in output, and indeed the largest copper miner globally, through 2020. Nonetheless, the company recently pushed back its forecast for 2.0mnt of copper output annually to 2025, from its earlier target of 2020. The firm's USD22bn multi-year investment plan will continue to face project delays due to weak copper prices.

The Chile Mining Report has been researched at source and features BMI Research's mining and commodity forecasts for metals, minerals and gems, covering all major indicators including reserves, production, exports and values. The report also analyses trends and prospects, national and multinational companies and changes in the regulatory environment.

BMI's Chile Mining Report provides industry strategists, service companies, company analysts and consultants, government departments, trade associations and regulatory bodies with BMI's independent forecasts and competitive intelligence on the mining industry in Chile.

Key Benefits
Use BMI's independent industry forecasts on Chile to test other views - a key input for successful budgeting and planning in this mining market.
Target business opportunities and risks in Chile's mining sector through our reviews of latest mining industry trends, regulatory changes and major deals, projects and investments in Chile.
Assess the activities, strategy and market position of your competitors, partners and clients via our Company Profiles (inc. KPIs and latest activity), Key Projects Tables and Competitive Landscape Tables.


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You may also be interested in these related reports:

- United States Mining Report Q2 2016
- Zambia Mining Report Q2 2016
- China Mining Report Q2 2016
- Canada Mining Report Q2 2016
- Botswana Mining Report Q2 2016

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