Chile to Restart Copper Mine Projects, and See Massive Investment in 2018

Published: Jun 29, 2017 11:33
Some mining companies in Chile are considering restarting some copper mines projects which have been postponed due to low copper prices, wenhua.com reported.

SHANGHAI, Jun. 29 (SMM) - Some mining companies in Chile are considering restarting some copper mines projects which have been postponed due to low copper prices, wenhua.com reported.

However, they will do so after political uncertainty disappears. Chilean presidential election result will come out in November.

Societe Generale Lowers Base Metals Forecast for 2017 and 2018

Antofagasta former Chief Executive Officer (CEO) Diego Hernandez said Chilean mining industry may see massive investment in copper mine projects in the second half of 2018.

China 10 Nonferrous Metals Output Rises 2.4% in May

The article is edited by SMM and is provided for information purpose only. SMM assumes no liability and does not warrant the accuracy, reliability or completeness of information contained or quoted in the article, either express or implied. SMM further disclaims any liability for losses in connection with the information contained or quoted in the article.

For news cooperation, please contact us by email: sallyzhang@smm.cn or service.en@smm.cn. 

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM's internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or for more information, please contact: lemonzhao@smm.cn
For more information on how to access our research reports, please contact:service.en@smm.cn
Related News
Dormant Used Electronics Highlight Untapped Urban-Mine Supply
1 hour ago
Dormant Used Electronics Highlight Untapped Urban-Mine Supply
Read More
Dormant Used Electronics Highlight Untapped Urban-Mine Supply
Dormant Used Electronics Highlight Untapped Urban-Mine Supply
Recently, one of the report stated that around 5 billion mobile devices may be sitting idle within enterprise organizations, while nearly 90% of Americans still keep old electronics at home. Data security concerns, weak collection channels and low recycling awareness continue to limit the release of copper- and precious-metal-bearing e-scrap into formal recycling systems.
1 hour ago
ERI and Cyclic Materials Partner to Recover Critical Metals from E-Scrap
1 hour ago
ERI and Cyclic Materials Partner to Recover Critical Metals from E-Scrap
Read More
ERI and Cyclic Materials Partner to Recover Critical Metals from E-Scrap
ERI and Cyclic Materials Partner to Recover Critical Metals from E-Scrap
ERI and Cyclic Materials have formed a strategic partnership to recover critical minerals from e-scrap. ERI will use its eight U.S. recycling facilities to sort and pre-process magnet-bearing electronics, while Cyclic will process the material at its Arizona facility, which can handle up to 25,000 tonnes of end-of-life components per year. Cyclic’s process also recovers metals such as copper and aluminium from the same feedstock.
1 hour ago
Grupo Mexico Q2 Profit Rises 79%, Tia Maria Copper Project Reaches 42% Completion
1 hour ago
Grupo Mexico Q2 Profit Rises 79%, Tia Maria Copper Project Reaches 42% Completion
Read More
Grupo Mexico Q2 Profit Rises 79%, Tia Maria Copper Project Reaches 42% Completion
Grupo Mexico Q2 Profit Rises 79%, Tia Maria Copper Project Reaches 42% Completion
Grupo Mexico reported a nearly 79% year-on-year increase in Q2 net profit to US$2.20 billion, supported by a 30.5% rise in copper prices. Q2 copper output fell 3.7% to 257,537 tonnes, while the company maintained its 2026 copper production guidance of 1.034 million tonnes. Grupo Mexico also raised US$1.25 billion through a 10-year bond issue to fund the Tia Maria copper project in Peru, which was 42% complete at the end of Q2.
1 hour ago
Chile to Restart Copper Mine Projects, and See Massive Investment in 2018 - Shanghai Metals Market (SMM)