18% of mining projects has been paralyzed from the date
Much has been debated about the dependence of Chile to copper demand from markets such as China, however both the current Central Bank President Rodrigo Vergara, as the former head of the central bank José de Gregorio, have argued that our country depends on red metal wire.
Something to share the studies and projects manager of Portal Minero, Barinia Vidal who says that in most investments there is a secured stock for several years and this allows that despite the low grade ore, the sector can give “afford to spend more on an investment project “and remain robust” earnings abysmal “
However, there is a stumbling block in several mining projects and is based on external factors that are taken for the current Chilean policies. Environmental permits, energy projects and economic decisions are some of the obstacles facing one of the major market sectors.
Projects had pursued in and paralyzed
While according Barinia Vidal, there are currently U.S. $ 176,491 million in energy mining investment, energy remains one of the main obstacles to sector initiatives.
In this sense the Portal Minero research manager, explains that “today little more than 2.5% of the total portfolio of projects is the site – more than 500 – are in had pursued in quality. However, what we do has increased the number of projects stalled as having to do with problems with communities, environmental, economic uncertainty and that’s about 18% “
For now Vidal do not see a solution on energy and this along with other factors, generates an average delay of one year in projects, although as noted the expert, this depends on each initiative, and how large level of investment you have.
Central Bank Report
According to the first Business Perceptions Report, in which the Central Bank consulted with business executives from various sectors and regions of the country, they point out that the suspension and / or postponement of mining and energy projects are having an impact on the outcome of companies in other sectors, and in some cases the lower performance is attributed to occasional or seasonal factors.
This has led by example in the Macrozona Norte that in recent months the perceptions of respondents regarding the performance of your business have dispersed. So while some of them still have a very optimistic view, most mentioned that in the first months of the year sales and / or production were lower than anticipated, which is especially true for respondents who have within their major customers to mining companies.
While the majority of respondents anticipated that this is a temporary situation in the regions of Atacama and Coquimbo vision of a permanently lower growth is from suspensions and delays of various mining and energy projects.
Source: Terra.cl
