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World’s largest copper mine drives Chile investment
BHP’s Escondida copper mine in Chile. Image: BHPAn expansion at Escondida has emerged as a cornerstone of Chile’s upgraded mining investment outlook, as the country positions itself to capitalise on rising global demand for copper. Chile’s state agency Cochilco now expects mining investment of about $US104 billion through to 2034, a 26 per cent increase on last year’s forecast, as reported by Reuters. The revised outlook represents the strongest…
The portfolio of mining projects will grow 26% over the previous report and reach the highest level projected since 2016, driven by copper and lithium as strategic minerals for the energy transition. Chile projects mining investments for $104,549 million between 2024 and 2034, according to the latest report of the Chilean Copper Commission (Cochilco), presented at the beginning of December 2025. The amount represents an increase of 26% over the …
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