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Chile’s mining industry is at a crossroads. Mining has led the country towards greater levels of wealth and prosperity and is a large part of the reason why Chile is well on its way to being considered as an advanced economy.
Chile is, by far, the world’s dominant producer of copper ore but this position should not be taken for granted. Rising costs, declining productivity and rising social and regulatory pressure in the areas of community engagement and environmental sustainability are hampering the sector’s profitability and ability to remain globally competitive. The industry can choose to continue on its current path and address these challenges through short-term solutions that provide incremental improvements. Alternatively, it can identify the opportunities for step change innovation within the changing global landscape in order to forge a new upward trajectory for economic growth for both the industry and the nation. |