Mining investments in Chile to hit $66 billion by 2032 – Cochilco

Reuters | December 26, 2023 | 8:05 am Intelligence Latin America Copper 
Cochilco representatives presenting the 2022-2031 mining investment plan to officials from the International Monetary Fund.
Cochilco representatives presenting the 2022-2031 mining investment plan to officials from the International Monetary Fund. (Reference image by Cochilco, X.)

Mining investments in Chile, the world’s largest copper producer, are expected to hit $65.71 billion in the 2023-2032 period, the country’s copper commission Cochilco said in a statement on Tuesday.

That is less than the $73.65 billion estimated in its previous 10-year forecast released last year as the new forecast takes into account 49 projects, while the previous one was based on 53 projects, Cochilco said.

Copper projects are seen receiving the bulk of the projected investments for the period, with $57.35 billion, according to the commission. Investments in gold, iron ore, lithium and other industrial minerals were estimated at $8.36 billion.

(By Fabian Andres Cambero and Gabriel Araujo; Editing by Steven Grattan)

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