• Connect with us
    • Information
      • About Us
      • Contact Us
      • Careers
      • Partnerships
      • Advertise With Us
      • Authors
      • Browse Topics
      • Events
      • Disclaimer
      • Privacy Policy
    • Australia
      North America
      World
    Login
    Investing News NetworkYour trusted source for investing success
    • North America
      Australia
      World
    • My INN
    Videos
    Companies
    Press Releases
    Private Placements
    SUBSCRIBE
    • Reports & Guides
      • Market Outlook Reports
      • Investing Guides
    • Button
    Resource
    • Precious Metals
    • Battery Metals
    • Base Metals
    • Energy
    • Critical Metals
    Tech
    Life Science
    Base Metals Market
    Base Metals News
    Base Metals Stocks
    • Base Metals Market
    • Base Metals News
    • Base Metals Stocks
    copper investing

    Copper King Chile Expects $65 Billion in Mining Investments

    Priscila Barrera
    Aug. 08, 2017 04:20PM PST
    Base Metals Investing
    Copper Investing

    Chile expects miners in the country to sharply increase their investments over the next 10 years, with 90 percent of funds going toward copper projects.

    Top copper-producing country Chile is expecting mining companies to sharply increase their investments over the next 10 years, with 90 percent of funds going toward copper projects.
    An updated investment report released on Monday (August 7) by Cochilco shows forecast investments of $65 billion in the coming decade, up from the previous estimate of $49.2 billion for 2016 to 2025. The money will be spread cross 37 projects.
    “We have very good news today, because the investment portfolio has grown by 32 percent, which is really important. Our country has an important geological base, but what’s more important is that we have all the conditions necessary for investment,” Aurora Williams, the country’s mining minister, said.


    According to Cochilco, the report mentions 11 new investment projects that were not part of the portfolio in 2016. Those include two large copper projects that will be reactivated: the El Abra mill, a joint venture between Freeport-McMoRan (NYSE:FCX) and Chilean state copper company Codelco, and Sierra Gorda, which is controlled by Polish miner KGHM (WSE:KGH).

    Other new copper projects include the $181-million debottlenecking of Mantos Copper’s Mantos Blancos mine, and the $3.5-billion NuevaUnion project, a joint venture between Teck (NYSE:TECK) and Goldcorp (TSX:G,NYSE:GG).
    “The investment outlook is positive, these are projects that have a long-term view and involve a significant amount,” Chilean Economy Minister Luis Felipe Céspedes told reporters.
    In 2016, despite strikes and bad weather conditions, Chile total copper output reached 5.5 million tonnes, and Cochilco forecasts total output will increase to 5.6 million tonnes this year.
    A recent surge in copper prices has benefited investments in the sector, although some fear that costs will go up as in previous cycles.
    “The industry learned, but it’s inevitable to think that when there’s an increase in revenue, there’s more demand for services associated with the mining industry, And with higher demand, a stable offer, costs tend to increase,” Sergio Hernandez, Cochilco’s executive vice president, told BNamericas.
    On Tuesday (August 8), LME copper ended up 1 percent, at $6,480 per tonne, after touching a two-and-a-half-year high of $6,484. Prices were supported by upbeat Chinese import data.
    The surge in imports from the Asian country could mean more demand and good news for Chile — together with Peru, it accounted for 55 percent of China’s total copper concentrate imports in 2016.
    Don’t forget to follow @INN_Resource for real-time news updates! 
    Securities Disclosure: I, Priscila Barrera, hold no direct investment interest in any company mentioned in this article.

    chilejoint venturechinacopper companycopper concentratecopper producing countrycopper investing
    The Conversation (0)

    Go Deeper

    AI Powered
    Many copper bobbins and warehouse copper pipes.

    Top 10 Copper-producing Companies

    Copper pipes laid on top of each other in bundles.

    5 Best-performing Copper Stocks on the TSX in 2025

    Latest News

    Prismo Metals Announces Closing of Oversubscribed Private Placement

    OTCQB Venture Virtual Investor Conference: Presentations Now Available for Online Viewing

    Forte Minerals Engages Strategic Advisors, Expands Capital Markets Team, and Launches AI-Powered Investor Tool

    Questcorp Mining and Riverside Resources Announce Commencement of Maiden Drilling Program at the La Union Gold & Silver Project in Mexico

    Gold Project Acquisition, Placement and MD appointment

    More News

    Outlook Reports

    Resource
    • Precious Metals
      • Gold
      • Silver
    • Battery Metals
      • Lithium
      • Cobalt
      • Graphite
    • Energy
      • Uranium
      • Oil and Gas
    • Base Metals
      • Copper
      • Nickel
      • Zinc
    • Critical Metals
      • Rare Earths
    • Industrial Metals
    • Agriculture
    Tech
      • Artificial Intelligence
      • Cybersecurity
      • Gaming
      • Cleantech
      • Emerging Tech
    Life Science
      • Biotech
      • Cannabis
      • Psychedelics
      • Pharmaceuticals

    Featured Base Metals Investing Stocks

    Blackstone Minerals

    BSX:AU

    Osisko Metals: Pure Potential

    OM:CA

    Los Andes Copper

    LA:CA

    Questcorp Mining

    QQQ:CC

    Cygnus Metals

    CYG:CC

    Redstone Resources

    RDS:AU
    More featured stocks

    Browse Companies

    Resource
    • Precious Metals
    • Battery Metals
    • Energy
    • Base Metals
    • Critical Metals
    Tech
    Life Science
    MARKETS
    COMMODITIES
    CURRENCIES
    ×