Chile Remains Premier Destination for Foreign Investment

TORONTO/SANTIAGO, April 4, 2017 /CNW/ - During the recent PDAC Convention in Toronto, Canada, the mining and investment community showed support for Chile as a premier destination for foreign investment. Chile is a strong, stable economy that is attracting investment and interest from across the world. 

Chile's innovative culture and well educated workforce supports a strong and progressive quality of life and positions the country as a highly attractive destination for mineral exploration and mining investment. The quality and scale of the country's deposits attracts the world's premier mining companies including Glencore, Anglo American, BHP Billiton, Barrick Gold, Teck, Antofagasta Minerals and Rio Tinto all with investments in Chile.  

At the convention, Chilean Minister of Mines, Ms. Aurora Williams met with several of her counterparts from around the world as well as media and private companies to discuss key issues facing the mining industry including innovation, the environment and global trade. The Minister spent considerable time with stakeholders promoting the region and the strong mineral potential within Chile. With eleven key project offerings through The Chilean National Mining Corporation, ENAMI (more information can be found here), Chile remains a premier destination for exploration and mining investment.

Key Meetings at PDAC 2017 included:

• The Honourable Jim Carr, Canadian Minister of Natural Resources
• The Honourable François Philippe Champagne, Canadian Minister of International Trade
• The Honourable Bill Bennett, Minister of Energy & Mines (British Columbia)
• Ms. Kim Rudd, Parliamentary Secretary for Natural Resources Canada

Minister Williams also met with other counterparts at

• II Ministers of Mining Summit
• Ministers of Mining of the Americas Summit
• Ministers of the Pacific Alliance

Chile is consistently highlighted as one of the best destinations for foreign investment globally.  In its World Investment Report 2016, the United Nations Conference on Trade and Development ranked Chile as the world's 19th largest destination for foreign direct investment (FDI). In 2015, Chile ranked 7th among developing and transition economies with a total of more than US $20 billion dollars in Foreign Investment. Chile also leads all Latin American countries on several key indices including the Global Competitiveness Report 2016-2017, The Global Innovation Index 2016, 2015 Female Entrepreneurship Index, and Business Environment Rankings 2014 – 2018 as well as many others. Each of these points to a progressive economic and social climate that reinforces the country's stable and progressive environment.

SOURCE Government of Chile

Steve Virtue, President, HOWE&WYE, [email protected], 647.822.8202