Wednesday 18 October 2017

Mining investment in Chile is forecast to increase

September 2017: According to an annual report issued by the Chilean Copper Commission (Cochilco), mining investment in Chile will increase by 32% over the next decade.
These forecasts indicate US$64,856M for the period 2017-2026, which represents an increase of US$15,648M, due to reactivation within the industry as a consequence of copper price rises and despite caution from some stakeholders. Mr. Sergio Hernández, the Vice President of Cochilco, mentioned during the presentation that such a scenario would give companies “better access to finance from banks and increased shareholder willingness to contribute capital.”
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