Quick Facts

Chile is long and thin, stretching for roughly 4,300km north-south, and is bounded to the west by the Pacific Ocean and to the east by the high parts of the Andean Mountain Belt – including some of the highest mountains in the Americas. Chile's maximum width (E-W) is about 360 Km, but the country averages widths of less than 200 Km. The Capital of Chile is Santiago, located in the central part of the country. Some key statistics (CIA – Chile Fact Sheet):

  • Population:                     17,925,262 (July 2018 est.)
  • GDP (nominal):                 US$277 billion (2017 est.)
  • GDP (PPP):                     US$452.1 billion (2017 est.)
  • GDP / Capita (nominal):        US$15,000 (2017 est.)
  • GDP / Capita (PPP):               US$24,600 (2017 est.)
  • Real Growth Rate:                             1.5% (2017 est.)
  • Exports:                          US$69.23 billion (2017 est.)
  • Trade Surplus:                  US$3.14 billion (2017 est.)
Exploration in Chile

Chile was named as one of the top jurisdictions for investment by mining companies (Fraser Institute – 2017), ranked 8th out of the 91 jurisdictions surveyed. Chile ranked 7th in the Best Practices Mineral Potential Index, which incorporates best jurisdictional practices as well as geological potential to determine the attractiveness of exploration investment. It is the highest ranked country in Latin America.

Mining companies spent US$603M on exploration in Chile in 2017 (S&P Global / SNL Metals & Mining), of which more than 80% was spent by major mining companies. This places Chile ahead of Peru and Mexico, with the three countries accounting for 68% of exploration investment in Latin America. Grassroots exploration accounted for 26%, while spending on brownfield activities represented more than 40%. The remaining 33% was spent on advanced exploration. Copper exploration received the highest share of investment (>50%) followed by gold.