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The region shares 26 percent of the total capital raised in the first two quarters of 2015. Latin America also had one of the largest shares of total global exploration budgets in 2014, accounting for over 26 percent of the total budget, with its portion amounting to $2.86 billion.
The following infographic showcases Latin America’s mining activity in 2015.
Copper claimed the top spot in terms of projected or planned capital investments reported in 2014, followed by iron ore. Most of these capital investments are for assets in Chile, where copper production helped push the commodity to the top spot in terms of having the largest commodity revenue in 2014 for Latin America.
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Going by the most recent reserves and resources in situ values, iron ore is the commodity that has the largest resource value, followed by copper. Chile and Brazil are the largest contributors when considering resource values by country.
Reported drilling activity in the region increased in the second quarter of 2015 compared with the previous quarter, although significant drill results were down slightly. Gold continues to be the leading commodity in Latin America when it comes to number of holes drilled with significant drill intervals.