Chile's Mining and Chemicals Industries
Global Outlook Chile’s Mining and Chemicals Industries Luis A. Cisternas With abundant mineral resources, Chile’s Univ. of Antofagasta Edelmira D. Gálvez chemicals industries are dominated by mining, Catholic Univ. of the North with many of its operations among the world’s most productive and important. hile’s chemicals industries consist of 300 companies producer. Chilean mining continues to reach unprecedented and some 400 products, with sales representing 4% levels — not only the mining of copper, but particularly Cof the nation’s gross domestic product (GDP) and of nonmetallic ores. Recent growth has been supported by about 25% of all industrial contributions to the GDP (1). favorable economic policies and incentives for foreign inves- Chile’s major chemical exports include methanol, inorganic tors that were intended to overcome the lack of domestic compounds (nitrates, iodine, lithium products, sodium investment after Chile’s return to democracy in the 1990s. chloride), combustibles (gasoline, diesel, fuel oil), algae Chile’s main metallic and nonmetallic ore deposits are derivatives, and plastic resins (polypropylene, low-density located in the country’s northern regions, which are rich in polyethylene). However, the mining industry — consisting copper, gold, silver, and iron deposits, as well as salt lake of 100 large and medium-sized companies and more than mineral byproducts such as nitrates, boron, iodine, lithium, 1,600 mining operations (2) — dominates Chile’s chemical- and potassium. Chile’s abundance of mineral resources is industry landscape. These companies’ primary products remarkable: Its reserves constitute 6.7% of the world’s gold, include molybdenum, rhenium, iron, lithium, silver, gold, 12.1% of the molybdenum, 13.3% of the silver, 27.7% of the and — most important — copper.
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