Minerals and economic development in Chile

Question

09 Feb 2021

Answer :

Word Count : 470

Chile is the number one producer of copper in the world. In 2018, the sector produced 5.8 million tons of copper. Its current world production market share is 30%. The mining sector’s contribution to the country’s GDP is approximately 10% (GDP 2018: ~USD $300 billion). The industry represents about 50% of the country’s total exports.

Chile's mining project pipeline remains large but less certain than in previous years. Projects are under development at a more moderate pace relative to previous years, by both state owned and private sector companies. The underlying reasons for the change of pace is the socio-environmental opposition to large infrastructure projects and the prevalent uncertainty brought by the tax, labor _______ ____ ________ ________ _________ ________.
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