International Council on Mining and Metals (2007) ‘Chile: Country Case Study: The Challenge of Mineral Wealth: Using Resource Endowments to Foster Sustainable Development'

Recognizing that resource projects can have both negative and positive local economic, environmental and social effects, Precept 5 outlines the internationally accepted frameworks governing resource extraction. The case study by the International Council on Mining and Metals provides an in depth analysis on how Chile was able to deal with the challenges of mineral export dependence.

The report examines how Chile achieved successful economic growth in Region II, where per capita is twice that of other regions. The report finds that this is largely attributable to the linkages between mining industry and other sectors of the economy. These linkages went beyond finding local suppliers. A mining cluster was established in the region by government and mining companies, which expanded its focus to supporting efforts of companies to get ISO 9000 and 14000 certification, thereby also raising competitiveness in international markets.

Two further sources of potential success in Chile are that, firstly, the country has established a routine in policy consultations whereby the public and private sector collaborate with each other, and secondly, the largest reduction in poverty has come from additional employment opportunities in non-traditional sectors. 

Access the report here.