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Background | Mining | Reports

Chile is located along the southwest coast of South America, stretching approximately 4,300 km (2,666 miles) from the Atacama Desert in the North to the polar icecaps in the South. It’s hard to imagine a country with more to offer. Modern and efficient, Chile boasts dramatic mountain peaks, sparkling lakes, and abundant wildlife. It has great skiing in the winter and lush alpine valleys in the summer. Chains of islands and charming fishing villages lend character to the south, while wide expanses of desert dominate the north. Its clean cities offer a First-World infrastructure, and the government is one of the best organized and most stable in the region. 
 

Chile has the lowest level of corruption in Latin America, as well as the strongest economy, highest standard of living, and lowest level of poverty. It has a modern telephone and cell service, high speed Internet, and cable television. The primary and secondary roads are well maintained from one end of the country to the other.

Investment Opportunities in Chile

The World Economic Forum's 2010 National Attractiveness for Private Investment Latin America report ranked Chile the highest in the region. The country is also praised for its strong legal framework, with special emphasis on its regulatory efficiency - including public ethics - and for its low political risks

Transparency International is a global coalition against corruption. The 2012 ‘Corruption Perceptions Index’ measured the perceived levels of Public Sector Corruption in 176 countries around the world. Ranked from least corrupt to most, Chile ranked 20th in the world, even ahead of France (22), and the least corrupt country in South America and Africa. They were much less corrupt than the so called BRIC countries, with Brazil at 69, China at 80, India at 94 and Russia in the bottom quartile of the list at 132. This is attributed towards the policies adopted and enforced by the Chilean government over the past few decades.

Another organization called The Heritage Foundationhas created the Economic Freedom Index. It measures a series of 10 Economic measurements. The highest form of economic freedom provides an absolute right of property ownership, fully realized freedoms of movement for labor, capital, and goods, and an absolute absence of coercion or constraint of economic liberty beyond the extent necessary for citizens to protect and maintain liberty itself. Out of 179 countries, Chile ranked 10th in the Economic Freedom Index.

Transparency of the Regulatory System

Chilean regulatory systems tend to be transparent, and government regulators generally have little discretion. The U.S. – Chile FTA and all trade agreements create some additional obligations for transparency in regulatory processes.

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Asia's fierce competition for commodities

Anthony Halley | April 4, 2013

Competition for natural resources among Asian nations continues to intensify, bringing the world's most resource-poor continent to a dangerous crossroads of dependence, geopolitical tension and environmental degradation, writes Professor Brahma Chellaney of the New Delhi-based Center for Policy Research in an article for Project Syndicate.

 


Kerry Hall | April 3, 2013

China's largest steelmaker, Hebei Iron and Steel Group, purchased a quarter ownership stake in an iron ore project in Canada's Labrador Trough, reports Platts this week.


US must reform mine permit process to grow domestic rare earth industry: study

Anthony Halley | April 3, 2013

A recent study by the US National Center for Policy Analysis (NCPA) calls on US legislators to streamline mine permit processes and safety regulations in order to bolster domestic rare earth production, which could add $40 billion to US GDP, 3,600 shovel-ready jobs, and could reduce US dependence on Chinese rare earth export