Chile Aims for $100 Billion Investment in Mining Projects by 2033

Economy समाचार

Chile Aims for $100 Billion Investment in Mining Projects by 2033
CHILE,INVESTMENT,COPPER

Chile plans to invest approximately $83.18 billion from this year through 2033, according to a Cochilco report, marking a 27% increase from last year's estimate. The report lists 51 projects, including expansions and improvements in copper and lithium production, aiming for a total investment of nearly $100 billion.

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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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