Chile to invest $69bln in mining projects by 2030, Cochilco says

Chile plans to invest $68.93 billion in 51 different mining projects during the years 2021-30, a 6.92% decrease from the $74.05 billion previously expected for 2020-29, national copper commission Cochilco said on Monday November 8.

The largest capital expenditures on the list were a $5.57-billion copper reserve replacement at Codelco’s El Teniente division, a $5.20-billion copper mining expansion to Teck’s Quebrada Blanca mine, and a copper concentrator for Freeport-McMoRan’s El Abra estimated at $5 billion.

If all of those copper projects go ahead and reach their nameplate capacity, they would add 2.39 million...

Published

Renato Rostás

November 10, 2021

12:48 GMT

São Paulo