1、CHILE MINING 2024Pre-Release Edition3 32PRE-RELEASE|CHILE MINING 2024Global Business Reports|CHILE MINING 2024 PRE-RELEASE EDITIONGlobal Business Reports|CHILE MINING 2024 PRE-RELEASE EDITIONCHILE MINING 2024|PRE-RELEASEThe Chilean Mining RenaissanceReforms and collaborations set the course for the

2、industrys futureThe Chilean mining industry stands at the threshold of an evolutionary era.In 2023,the industry navigated through a period of considerable legal turbulence and transformative change;the long-debated royalty reform was approved,and the constitutional developments set a new precedent,r

3、eshaping the legislative landscape that underpins the sector.2024 was marked by a transformative beginning,as on January 1st,the amendments to Law No.21,420,refined by Law No.21,649,came into effect.These revisions represented the first major update to Chiles mining regulatory framework since 1983,u

4、shering in a new era of industry regulation.From 2023 to 2032,the Chilean mining investment portfolio comprises 49 projects,totaling an investment of US$65.71 billion,according to Cochilco.Six of these projects successfully concluded in 2023,with a cumulative investment of US$7.77 billion.A highligh

5、t among those is Vancouver-based producer Teck Resources completed ramp up of its Quebrada Blanca(QB)mine expansion.In Q1 2024,production jumped 74%,amounting to 99,000 t with QB responsible for 43,300 t of that total.The firms full-year copper production for 2024 is predicted between 465,000 t and

6、540,000 t,well above the 296,500 t produced in 2023.Six new projects,amounting to US$6.31 billion,were included in the total,showing the growth of the industry.State-owned Codelco increased its budget by US$4.38 billion for the implementation of both operational and structural projects.In the privat