Latin American mineral discoveries in a global context

During the past decade, Latin America has commanded an ever growing percentage of the world’s mineral exploration expenditures. Today, it controls approximately 30%. This has led to an increased number of large and small mineral discoveries over prior years for a variety of metals and the construction of many new mines. Its dominance is also seen in the larger than expected share of international mining capital investment. This has given its workers a competitive edge in global terms and an expertise that will ensure a long-term longevity to its mining industry. The best incentive for making vestment decisions is success. In this regard, Latin America’s success has compounded the incentives for further investment. Despite the large amount of foreign investment in Latin America, the wealth of these nations is not merely in its geological potential. The reason that several Latin American countries rank as global leaders in metal production is strongly influenced by their development of a strong mining culture, a culture which has been cultivated over many centuries. Good business practices provide another strong attraction to these regions. Additionally, Latin Americans have strong scientific and technical expertises. This is seen both in the investments’ size and the preference for high domestic employment. Relative to the number of domestic miners, the number of expatriates operating in Latin America is only a token few. In essence, the world markets are investing into the local geology and people.