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Copper|Mining
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copper|mining

Chile raises mining investment forecast through 2034 to $105bn

BHP's Escondida operation in Chile

BHP's Escondida operation in Chile

11th December 2025

By: Reuters

  

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SANTIAGO - Chile's mining investment is expected to reach $104.549-billion from this year through 2034, State-run agency Cochilco said on Thursday, up from last year's estimate of about $83-billion through 2033.

The increase brings the spending forecast to its highest level since 2016, Cochilco said. It includes plans for a major expansion at BHP's Escondida, the world's biggest copper mine.

Chile is the world's largest producer of copper and second-largest of lithium, a key ingredient of rechargeable batteries.

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Edited by Reuters

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