Chile's mining investment to reach 112 bln USD by 2021

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Chile expects mining investment to reach 112 billion U.S. dollars by 2021, Mining Minister Hernan de Solminihac said Monday.

The new investment figure, 8 percent more than the government forecast in November, is due to the incorporation of nine projects valued at 3.6 billion dollars and another 20 initiatives that updated their investment amounts, the minister said.

These mining projects will have an important economic impact on the country, because their undertaking will require a series of services and goods, he added.

Out of the 112 billion dollars, 86.7 billion dollars will be spent on copper mining, 21.7 billion on gold and silver mining, and 3.6 billion on iron and industrial minerals mining.

The northern region of Antofagasta will get the most investment, with 43 billion dollars, followed by the northern region of Atacama, with 34 billion.

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