Mining Industry in Chile

DOI: 10.30686/1609-9192-2018-2-138-60-67

V.B. Kondratyev

Mineral resources present a formidable source of wealth but a formidable challenge to regulate in order to maximize social welfare from their extraction. This paper identifies some of the good practice areas in mining regulation in Chile whose economy has shown strong growth over most of the last two decades. Some of the areas touched on in this paper are the taxation of the mineral sector, management of the tax revenue, and policies designed to foster spillovers into other sectors of the economy and make the most of Chile’s comparative advantage as a long-time global leader in the copper industry.

Key words: Chile, mining industry, mineral resources, industrial policy, state regulation

Mining Industry Journal №2 (138) 2018, p.60