Financiación y competitividad en la minería del cobre.

The analysis of an investment project in mining requires not only the physical or geological knowledge of the project (the first phase of the project) but also the economic conditions where it operates. The price volatility of metals prices makes the rigour of the analysis fundamental, and both physical and geological conditions should be included in the analysis that will characterize the possibilities of technological application, as well as a very careful study of the economic-financial variables that characterize the competitive position of the project and the mining company. As an example, we present an investment case in one of the main world copper producers, Antofagasta PLC, and describe the bases of the analysis carried out in order to achieve efficient results.