Chile’s mining industry needs more electricity. A lot more. According to the Chilean Copper Commission, by 2025, the mining industry will require 80% more electricity than in 2014.
Increased consumption and higher power prices also mean that electricity represents an increasing proportion of mining companies’ operating costs. Chile’s Mining Council estimates that on average electricity accounts for 20% of the cost of mining in Chile. And Chilean mines pay approximately double the amount paid by mines in other mining countries in the region, such as Peru and Bolivia, reducing their competitiveness.