Chile Expects to Increase Copper Output to 8.50 Mln tonne

Published: Oct 10, 2016 13:20

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Chile plans to increase its copper output to 8.50 million tonnes in the near future, according to cnmn.com.

SHANGHAI, Oct. 10 (SMM) - Chile plans to increase its copper output to 8.50 million tonnes in the near future, according to cnmn.com.

Chile is expected to raise copper output to 8.50 million tonnes in the next five years, and about 33% of global large mining projects will be executed in Chile, Chile Foreign Investment Committee’s deputy director said at a seminar.

There will be 250 transnational suppliers in the mining field. Mining companies plan to invest $50 billion by the year 2023.

United States Geological Survey (USGS) data show Chile has over 200 million tonnes of proven copper reserves by 2015, accounting for 1/3 of global total.

Chile’s copper output was 5.81 million tonnes in 2015, which represents 25% of global total.

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