Chile plans to invest about $83.18 billion from this year through 2033, state-run agency Cochilco said in a study cited in a newspaper report on Tuesday, an increase of 27% from last year’s estimate.
The paper said the spending hike was driven by 11 new projects amounting to about $15.66 billion, including the expansion of Freeport-McMoRan projects, works in Los Bronces by Anglo American, and planned improvements at state-owned miner Codelco at Chuqui Subterranea, as well as a Codelco lithium project at the Maricunga salt flat.
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