Chile to See 20% of Mines Closed by 2025

Mining.com reported that roughly a fifth of the largest copper mines in Chile could soon be closed. However, some of the mines could also be saved through a reconversion process.

As quoted in the publication:

But there is a way out for the world’s largest copper producer, which also holds the largest reserves of the red metal. The key seems to be investing in reconversion projects focused on mining sites redevelopment to create new commercial possibilities.

The problem, notes the article, is that most miners believe now is not the best time to start such projects. What is worse: carrying on current activities may make them even more difficult to execute in just a couple of years.

Click here to read the full Mining.com article.