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Financial News: CHILE: Cochilco Expects US$ 65 Billion In Mining

CHILE: Cochilco Expects US$ 65 Billion In Mining Investments Until 2026

08/08/2017 - 19:38:00 (RTTNews)

(RTTNews) - Chile's Copper Commission (Cochilco) expects total investments in mining projects in the country to total US$ 64.856 billion from 2017 to 2026, according to a report released Tuesday.

According to the Chilean mining minister Aurora Williams, the sector is resuming its momentum and Cochilco's report data "ratifies this sign."

"The mining projects' portfolio would rise from almost US$ 50 billion to around US$ 65 billion by 2026. We are talking about 32% more than Cochilco's previous projection," she said.

The minister added that Cochilco expects the 2017 copper price to average US$ 2.64 per pound and increase to US$ 2.68 per pound in 2018, amid a steady economic growth in China.

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