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South America Visual Field In Chile

South America Visual Field In Chile

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South America Visual Chile Mineral Resources Investment Prospect

International Mining News

Anglo American rejigs port-hit iron-ore deal

Diversified major Anglo American is now selling the entire Amapá iron-ore operation in northern Brazil to Zamin Ferrous.Anglo CEO Mark Cutifani, who took over the reins of the company from Cynthia Carroll six months ago, is in the process of cutting $3.5-billion in costs by 2016 to increase the return on capital employed to 15% from the current 8%. He intends cutting $1.3-billion from operations and another $1.3-billion in areas outside of the operating business. Major projects have been hogging 30% of the balance sheet without delivering commensurate returns.

Mineral Resources In Chile

Chile’s copper resources ranks first in the world. According to the United States Geological Survey “Mineral Commodity Summaries in 2007 reports”, the existing copper reserves is 150000000t,reserve base 360000000t, they accounted for 31% and 38% of the world’s total.Chile is the world’s lowest cost the state copper production. The vast majority of mine ore bodies buried shallow, can use the open pit mining, so as to reduce the production cost, open-pit production is about 4428000t, accounting for about 82.6% of the total production of the mine.Many mines ore quality is excellent, copper has laid the foundation for the use of advanced production technology from low cost.

Investment Prospect In Chile

China’s shortage of many mineral resources has become a bottleneck restricting. China’s sustained economic development, actively carry out international cooperation, make use of foreign mineral resources, develop long-term stable supply source, is the guarantee of the sustainable development of China’s economy is one of the effective methods. This paper on China’s future for a considerable period of time will still be a shortage of copper resources in the world, the copper kingdom — Chile, perhaps there is opportunity.Relying on a number of high-quality ore giant and large deposits of copper resource advantages,Chile’s copper production has from large scale and has absolute advantage in the international market competition of mineral products.

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