Chile investment in mining expected to reach 112 billion in eight years

Wednesday, August 7th 2013 - 03:04 UTC

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Chile expects mining investment to reach 112 billion US dollars by 2021, Mining Minister Hernan de Solminihac announced this week. This includes the 27bn planned by Chile’s National Copper Corporation, Codelco. Overall the sum is 8% higher than the November forecast. Read full article

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Condorito
With the recent drop in copper prices one might have expected this forecast to be revised down not up. This is quite remarkable.

Chile is the 64th largest country by population, but the 11th largest recipient of foreign investment. Long may it continue.
Aug 07th, 2013 - 10:11 am - Link - Report abuse 0
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ChrisR
@1

It is ALWAYS a good move to reinforce your position when all the rest are retrenching.

When the expansion comes, and it always does, what can your competitors do when Chile will be on a roll before they know what is happening.

As long as this money has been budgeted for and the resulting cash flows correctly timed this action is the hallmark of a very well managed country at the economic level.

How I wish Uruguay had people like this.
Aug 07th, 2013 - 01:15 pm - Link - Report abuse 0
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