Chilean Mining Investments in 2023-2032: A $65.71 Billion Opportunity
Unearthing the Riches: ATEX Resources and the Valeriano Copper Gold Project

Mining investments in Chile, the world's largest copper producer, have always been a topic of interest for investors and industry enthusiasts alike. In this article, we will delve into the exciting developments in the Chilean mining sector for the 2023-2032 period. We'll also shine a spotlight on ATEX Resources and their Valeriano Copper Gold Project, which plays a pivotal role in the emerging copper gold porphyry mineral belt connecting significant mining projects.
The Outlook for Chilean Mining Investments
The Chilean mining industry is a global powerhouse, especially in the production of copper, a metal that is essential for various industrial applications. According to Cochilco, the Chilean copper commission, mining investments in Chile for the 2023-2032 period are projected to reach a substantial $65.71 billion. While this figure is undeniably impressive, it is worth noting that it falls slightly short of the previous 10-year forecast, which estimated investments at $73.65 billion.
What's Behind the Numbers?
To understand this discrepancy, we must consider the specifics. The new forecast takes into account 49 mining projects, whereas the previous estimate was based on 53 projects. This adjustment reflects the dynamic nature of the mining industry, with projects evolving and changing over time.
Copper: The Jewel in Chile's Mining Crown
Copper projects are poised to receive the lion's share of investments during this period, amounting to an impressive $57.35 billion. This reaffirms Chile's dominance in the global copper market and underscores the continued demand for this vital metal.
Beyond Copper: Diversifying the Portfolio
While copper is undoubtedly the star of Chile's mining sector, it's not the only metal that garners attention. Investments in gold, iron ore, lithium, and other industrial minerals are estimated to reach $8.36 billion. This diversification reflects a strategic move to capitalize on the growing demand for various minerals in a changing global landscape.
ATEX Resources and the Link Belt
In this evolving mining landscape, ATEX Resources ( TSXV: ATX ) stands out as a key player. ATEX, listed on the TSX Venture Exchange under the symbol ATX, is currently engaged in exploring the Valeriano Copper Gold Project. This project is strategically located within what's informally referred to as the Link Belt, a promising copper gold porphyry mineral belt connecting significant mining deposits in the region.
Valeriano: A Promising Prospect
Valeriano hosts a substantial copper gold porphyry resource, with 1.41 billion tonnes at 0.67% CuEq. This includes a higher-grade core of 200 million tonnes at 0.84% CuEq, making it an enticing proposition for investors and industry observers alike.
ATEX's Ambitious Drilling Campaign
ATEX Resources is making significant strides in advancing the Valeriano project. After completing the company's initial limited drill test of the copper-gold porphyry system in 2022, they are now embarking on an ambitious directional drilling campaign. The aim is to extend the high-grade trend, explore new targets, and expand the mineralized envelope, cementing Valeriano's position as a potential mining hotspot.
Conclusion
As we look ahead to the 2023-2032 period, Chile's mining industry remains a global powerhouse, attracting substantial investments, especially in the copper sector. ATEX Resources, with its Valeriano Copper Gold Project, is a prime example of the exciting developments in this industry. The Link Belt connecting various mining projects further solidifies Chile's position as a hub for mineral exploration and extraction.
