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Market Research Report
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1089628

Chile Copper Mining Market by Reserves and Production, Assets and Projects, Fiscal Regime including Taxes and Royalties, Key Players and Forecast, 2022-2026

Published: | GlobalData | 42 Pages | Delivery time: 1-2 business days

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Chile Copper Mining Market by Reserves and Production, Assets and Projects, Fiscal Regime including Taxes and Royalties, Key Players and Forecast, 2022-2026
Published: May 13, 2022
GlobalData
Content info: 42 Pages
Delivery time: 1-2 business days
  • Description
  • Table of Contents
  • List of Tables

GlobalData's "Chile Copper Mining Market by Reserves and Production, Assets and Projects, Fiscal Regime including Taxes and Royalties, Key Players and Forecast, 2022-2026" provides a comprehensive coverage on the Chilean copper mining industry. It provides historical and forecast data on copper production, reserves by country, and world copper prices. The report also includes a demand drivers section providing information on factors that are affecting the country's copper industry such as demand from end use sectors. It further profiles major copper producers, information on the major active, planned and exploration projects.

Chilean copper mine production declined for the third consecutive year, to reach 5,624.9 thousand tonnes (kt) in 2021 -down by a marginal 1.9% over the previous year. This was mostly due to lower production from the country's largest copper producing mines, including Escondida, Spence, El Teniente and Los Pelambres.

Over the forecast period (2022-2026), Chilean copper production is expected to grow at a compound annual growth rate (CAGR) of 2.2%, to reach 6,432.1kt by 2026, supported by the commencement of new projects such as Quebrada Blanca Phase 2, Esperanza Sur Pit, Andes Norte, Los Pelambres Expansion and Santo Domingo projects. Potentially impacting growth, the Chilean government introduced a new royalty bill effective 2022. As per the new bill, projects producing less than 200kt copper annually will have to pay a 1% tax on gross sales, else a tax rate of 1-3% will be applicable. As a result, the country's copper miners' cash costs will rise, while expansion and development plans will be reassessed along with some impact on investments in the short-term.

Scope

  • The report contains an overview of the Chile copper mining industry including key demand driving factors affecting the Chile copper mining industry. It provides detailed information on reserves, reserves by country, production, competitive landscape, major operating mines, major exploration, and development projects.

Reasons to Buy

  • Comprehensive evaluation of the impact of COVID-19 on Chilean copper industry
  • To gain an understanding of the Chilean copper mining industry, relevant driving factors
  • To understand historical and forecast trend on Chiliean copper production
  • To identify key players in the Chilean copper mining industry
  • To identify major active, exploration and development projects in Chile
Product Code: GDMMBMC042MR

Table of Contents

Table of Contents

1. Executive Summary

2. Reserves, Production and Prices

  • 2.1 Copper Reserves by Country
  • 2.2 Copper Production
  • 2.3 Production by Company
  • 2.4 Copper Prices

3. Copper Assets

  • 3.1 Active Mines
  • 3.2 Development Projects
  • 3.3 Exploration Projects

4. Key Demand Drivers

  • 4.1 Consumption and Exports
  • 4.2 Demand from the Construction Industry
  • 4.3 Demand from the Electric Vehicle Market

5. Major Copper Producers

  • 5.1 Mines and Projects by Company
  • 5.2 BHP
  • 5.3 Codelco
  • 5.4 Antofagasta Plc
  • 5.5 Anglo American Plc

6. Fiscal Regime

  • 6.1 Governing Bodies
  • Ministry of Mining
  • National Service of Geology and Mining
  • Ministry of Mines
  • Ministry of Environment
  • Chilean Copper Commission
  • 6.2 Mining Laws
  • Mining Code
  • Constitutional Organic Law on Mining Commission
  • Mining Safety Regulation
  • Mining Sites and Facilities Closure Law
  • Exploration License
  • Energy Efficiency Law
  • 6.3 Rights and Obligations
  • Mining Rights and Obligations
  • 6.4 Taxes and Royalties
  • Corporate Taxes
  • First Category Tax
  • Fully Integrated Tax Regime
  • Partially Integrated Tax Regime
  • Second Category Income Tax
  • Withholding Tax
  • New Mining Royalty Bill
  • Real Estate Tax
  • Stamp Tax
  • Tax on Mining Activities
  • Value Added Tax
  • Custom Duties

7. Appendix

  • 7.1 Abbreviations
  • 7.2 Methodology
  • 7.3 Coverage
  • 7.4 Secondary Research
  • 7.5 Development Likelihood
  • Contact Us

List of Tables

List of Tables

  • Table 1: Copper reserves by country (million tonnes), January 2022
  • Table 2: Historical and forecast Chile copper production (thousand tonnes), 2006-2026
  • Table 3: Copper prices quarterly ($/tonnes), 2015-2022
  • Table 4: Active mines, 2022
  • Table 5: Development projects, 2022
  • Table 6: Exploration projects, 2022
  • Table 7: Copper in the energy transition, 2022
  • Table 8: Chile copper consumption vs. exports (thousand tonnes), 2006-2026
  • Table 9: Copper mines and projects by company, by stage, 2022
  • Table 10: BHP, major projects, 2022
  • Table 11: Codelco, major projects, 2022
  • Table 12: Antofagasta plc, major projects, 2022
  • Table 13: Anglo American Plc, major projects, 2022
  • Table 14: First category tax, 2022
  • Table 15: Withholding Tax, 2022
  • Table 16: Mining tax, 2022

List of Figures

List of Figures

  • Figure 1: Copper reserves by country (%), January 2022
  • Figure 2: Historical and forecast copper production (thousand tonnes) vs. number of operating mines, 2006-2026
  • Figure 3: Production by major company (thousand tonnes), 2020-2021
  • Figure 4: Copper prices, quarterly ($/tonne), 2015-2022
  • Figure 5: Global copper demand by end use (%), 2021
  • Figure 6: Chilean copper exports by country (%), 2021
  • Figure 7: Chile copper consumption vs. exports (thousand tonnes), 2006-2026
  • Figure 8: Construction output value ($ billion), 2010-2026
  • Figure 9: EVs production (thousand units), 2016-2036
  • Figure 10: Copper mines and projects by company, by stage, 2022