Freeport McMoRan to invest $7.5 billion in Chile mine

The El Abra mine in northern Chile. (Credit: Consejo Minero)

U.S. miner Freeport McMoRan said on Tuesday that it expects to invest $7.5 billion in expanding its El Abra mine in Chile, according to Chilean outlet Diario Financiero.

The miner also said it expects to submit an environmental permit application to expand the mine by the end of 2025.

(By Fabian Cambero)

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