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Chile ups 10-year mining investment forecast to US$65B

Chile is expected to receive investments of about US$65 billion, or a third more than previously expected, in its mining sector in the next 10 years, Reuters reported Aug. 7, citing Chile's Mining Minister Aurora Williams.

More than 90% of the investments will be made in copper projects, with the lithium sector also expected to get a boost.

The big projects include KGHM Polska Miedz SA's Sierra Gorda and a joint venture between state miner Codelco and Freeport-McMoRan Inc., the El Abra mill.