Chile raises mining investment forecast through 2034 to $105 billion
SANTIAGO, Dec 11 (Reuters) - Chile's mining investment is expected to reach $104.549 billion from this year through 2034, state-run agency Cochilco said on Thursday, up 26% from last year's forecast.
Chile is the world's largest producer of copper and second-largest of lithium, a key ingredient of rechargeable batteries.
The increase represents the highest investment forecast since the 2016-2025 period.
New investment includes an expansion at BHP's Escondida, the world's biggest copper mine, and new concentrators at Collahuasi, a copper mine jointly owned by Anglo American and Glencore.
The 2024–2033 investment portfolio was estimated at $83.181 billion.
"In this portfolio, we are seeing how new copper and lithium projects are consolidating as drivers of future development," Mining Minister Aurora Williams said in a presentation of the Cochilco report.
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