Chile Mining Report Q1 2013

  • ID: 2356152
  • December 2012
  • Region: Chile
  • 76 pages
  • Business Monitor International
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  • Anglo American
  • Antofagasta
  • Codelco
  • Company Profiles
  • Financial Data
  • Financial Data
  • MORE

Risks Continue To Rise In The Face Promising Sector Potential

We maintain our expectation that Chile's mining sector will grow in 2013 albeit at a more moderate pace.

Major mining companies continue to develop several large projects in the face of potential delays due to rising costs and economic uncertainty. In recent quarters, we have revised our industry growth forecasts due to rising risks which we believe will delay mine projects. We forecast Chile's mining sector to grow at 2.1% year-on-year (y-o-y) in 2013. With several projects scheduled to come online in 2014 and 2015,
we expect these years to account for the largest proportion of growth. Over our 2013-2017 forecast period, we forecast sector growth to average 2.8% per annum.

The Chilean mining sector will continue to rely on copper production for the foreseeable future. The large pipeline of copper projects and the country's global dominance in copper production make this the most likely scenario despite falling ore grades and more modest production growth. The importance of copper mining to Chile's economy cannot be overstated and we believe increasing global supply over the coming years will weigh READ MORE >

Note: Product cover images may vary from those shown
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  • Anglo American
  • Antofagasta
  • Codelco
  • Company Profiles
  • Financial Data
  • Financial Data
  • MORE

BMI Industry View 5

SWOT Analysis 7

Chile Mining Sector SWOT 7

Chile Business Environment SWOT 8

Global Mining Outlook 9
Table: Recent Tax Increases 9

Americas Mining Sector Outlook 16
Table: Key Central America And Caribbean Mining Projects 18

Market Overview 21
Table: Regional Country Risk Ratings 25
Table: Chile Mining Industry Value & Production Forecasts 26

Industry Forecasts 27

Copper: Modest Growth As Costs Rise 27
Table: Chile – Major Copper Investment Projects 29
Table: Chile – Copper Production 30

Gold: Costs Present Risks To Large Investment 30
Table: Gold Mine Expansion Plans 32
Table: Chile – Gold Production 33

Silver: After Declines, Moderate Growth Ahead 33
Table: Chile – Key Silver Mine Projects 34
Table: Chile – Silver Production 35

Regulatory Development 36

Americas Business Environment Ratings 38
Table: Americas Mining Risk/Reward Ratings 39

Competitive Landscape 42
Table: Financial Data For Key Mining Firms Listed In Chile 43

Company Profiles 44

Anglo American 44

Financial Data 47
Table: Anglo American – Key Financial Data 47

Antofagasta 48

Financial Data 51
Table: Antofagasta – Financial Data 51

Codelco 52

Financial Data 55
Table: Codelco – Financial Data 55

Xstrata 56
Table: Xstrata – Financial Data 59

Commodity Strategy 60

Monthly Metals Update 60

Iron Ore: Temporary Resilience 62

Steel: No Sustained Recovery 64

Aluminium: Resistance To Be Tested 66

Copper: Chinese Stockpiles Present Downside Risk 67

Lead: Range-Trade Ahead 68

Nickel: No Return To 2012 Highs 69

Tin: Continued Outperformance 70

Zinc: Little Room For Optimism 71
Table: Select Commodities: Performance & BMI Forecasts 72

Business Environment Ratings Methodology 73
Table: Mining Business Environment Indicators 74
Table: Weighting Of Components 75

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Company Profiles
Anglo American
Financial Data
Financial Data
Financial Data

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Note: Product cover images may vary from those shown


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