Mining adds an investment of U.S. $ 112 billion by 2021
Revista Nueva Minería & Energía
With the addition of 9 projects and another 20 which upgraded their investment amounts, Mining Minister Hernan de Solminihac, along with Cochilco Executive Vice President, Andrew Mac – Lean, unveiled a new register of mining projects for 2013 -2021, which includes an investment of U.S. $ 112 billion
Unlike the $ 104 billion estimated in November, the new figure has 47 mining projects nationwide, representing an increase of 8% compared to last year’s projection. Of the total amount, U.S. $ 86.7 billion will materialize in copper mining (77%), U.S. $ 21.7 billion in gold and silver (19%), and $ 4 billion in the iron ore and industrial minerals (4%).
To Solminihac, “these projects will generate a significant economic impact on the country, because its materialization will require a number of services and goods, from studies, equipment purchase, construction and assembly, among others.” Also, the Secretary of State stressed that the new land is led by the Antofagasta region with an investment of U.S. $ 43 billion (39%), followed by Atacama with U.S. $ 34 billion (30%).
As regards to the origin of the investment, the mining minister said that 46% are Chilean investors, among them includes Codelco and Antofagasta Minerals. Secondly, is Canada with 27% of the total investment, mainly gold projects.
With the current investment portfolio, it is estimated that production capacity in 2021 reaches 8.1 million tons of fine copper. “This news, let us note that investors remain confident in our country, which is reflected in the good position that Chile has in the industry,” said the secretary of state.
