Nearly US$ 70 million in investments announced after Mining Suppliers Forum
Published: december 11
The 3rd International Mining Industry Suppliers Forum, held in Chile from October 19 to 22, brought together investors from countries such as Germany, Australia, Denmark, South Africa and Canada.
Over the course of four days, 250 Chilean and foreign investors gathered at the 3rd International Mining Industry Suppliers Forum, organized by CORFO. This activity has become a key event for those looking for business opportunities within the sector.
Seventy-four corporate representatives from 15 countries -including Germany, Canada, the United States, Russia, South Africa, Brazil and Spain- met with their Chilean counterparts in Santiago and other regions outside the capital. They held approximately 300 bilateral business meetings and toured the countrys most important mining regions, visiting 55 different companies in the Arica-Parinacota, Tarapacá, Antofagasta, Atacama, Coquimbo, Valparaíso and OHiggins regions.
As a result, US$ 69.8 million in investments were announced for nine projects, which will be implemented during the remainder of 2009 and into 2010. To this end, the investors have already expressed their interest in returning to the country in the coming months.
CORFOs Chief Operations Officer, Andrés González, inaugurated the event and commented: "Chiles competitive advantages and proximity to other mining countries make it an exceptional export platform. This is why mining suppliers have announced a portfolio of 86 different investment projects worth US$ 475 million in the last three years. Thirteen of these projects have been completed for a total investment of US$ 66 million, while nine more involve additional investments totaling US$ 12.5 million and are currently under construction".
It should be mentioned that the two previous forums attracted more than 300 domestic companies and foreign investors, who met in over 450 bilateral business meetings.