Mining companies in Chile are important contributors to the economy and the export of copper and various other metals in their raw and processed form.
Mining Companies of Chile are thus looking to bringing down the cost and increasing profits in a phase where the prices of processed copper have almost doubled. The Chilean Mining Companies are using the latest state of the art technology and cost cutting managerial practices and to this end are employing people with newly gathered skill sets and training. This in turn gives a tremendous boost to the economy by generating employment opportunities. So in seeking more profits mining companies at Chile are actually working towards the betterment of the economy.
The most important mineral ore in Chile is the copper, with the largest deposits in the world being in Chile, the other important minerals are iron ore, nitrates, molybdenum, coal, silver, manganese, gold, petroleum and natural gas.
The large mining corporations of Chile are:
- Codelco
- Sociedad Punta de Lobos
- Antofagasta plc
- Escondida, BHP Billiton
- Sociedad Quimica y Minera de Chile
Codelco is the largest of the copper mining companies and produces about 21% of the world's production. BHP Billiton is the next with a 12% such companies are responsible for the high reputation Chile enjoys in the mineral export industry of the world.
