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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

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    Report

  • 42 Pages
  • May 2022
  • Region: Chile
  • GlobalData
  • ID: 5610588
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The publisher'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

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
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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 ($/tonnes), 2015-2022
Table 4: Active mines, 2022
Table 5: Development projects, 2022
Table 6: Exploration projects, 2022
Table 7: Copper in the energy transition, 2022
Table 8: Chile copper consumption vs. exports (thousand tonnes), 2006-2026
Table 9: Copper mines and projects by company, by stage, 2022
Table 10: BHP, major projects, 2022
Table 11: Codelco, major projects, 2022
Table 12: Antofagasta plc, major projects, 2022
Table 13: Anglo American Plc, major projects, 2022
Table 14: First category tax, 2022
Table 15: Withholding Tax, 2022
Table 16: Mining tax, 2022
List of Figures
Figure 1: Copper reserves by country (%), January 2022
Figure 2: Historical and forecast copper production (thousand tonnes) vs. number of operating mines, 2006-2026
Figure 3: Production by major company (thousand tonnes), 2020-2021
Figure 4: Copper prices, quarterly ($/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

Companies Mentioned

A selection of companies mentioned in this report includes:

  • Corporacion Nacional del Cobre de Chile (Codelco)
  • BHP
  • Antofagasta Plc
  • Anglo American Plc.