The next ten years, Chile mining substantial increase in investment information
Santiago, August 7th - the world's largest copper producer, the Chilean government, said Monday that the mineral company is planning to invest about $65 billion in Chile over the next ten years, an increase of about 1/3 over the previous estimate.
Chile's mining minister, Aurora Williams, says more than 90% of them are copper projects.
Large scale projects including El Abra and Sierra Gorda 2030 ktpd Mill mine mine complex, the former is a joint venture of Chilean state Copper Co Codelco and free port Mike Melun copper & gold mine, the latter by the Poland miners KGHM holdings.
The government also estimates that there will be a number of investments in lithium production.
Copper is the main driver of Chile's economy, with copper prices rising in the past few months, as demand for the main export market China has been strong, and workers' strikes have caused tight supplies.