Chile and China agreed the creation of Joint Corporation to exploit Chilean copper and so ensuring a steady supply to China for the next fifteen years with an initial financial support of 550 million US dollars which could reach 2 billion US dollars.
The strong international price of copper for the second year running has bolstered Chile's coffers and a percentage of that additional income is earmarked for military equipment purchases including several Royal Navy frigates, German Leopard tanks and refurbished F-16 fighters.