Chile mining portfolio $104.5B

Chile’s mining investment pipeline has climbed to $104.549 billion for 2025 through 2034, according to the state copper commission Cochilco. (cochilco.cl) Cochilco said that is the highest level in more than a decade. Reuters reported the new forecast is 26% above the previous year’s estimate. (cochilco.cl) (mining.com) The biggest projects in the pipeline include a new concentrator at Rosario, the fourth line at Collahuasi, and a new Los Colorados concentrator at Escondida. Both are still in prefeasibility and do not yet have environmental approval. (cochilco.cl) The portfolio also adds Salares Altoandinos, a $3.2 billion lithium project being developed by state miner ENAMI with Rio Tinto. Cochilco called it a milestone under Chile’s public-private lithium strategy. (cochilco.cl) Chile is the world’s largest copper producer and the second-largest lithium producer, so its project list is a guide to future supply in both markets. Reuters said the latest increase was driven by new copper and lithium projects. (mining.com) The comparison with last year is stark. Cochilco’s 2024-2033 portfolio listed 51 projects worth $83.181 billion, up from $65.712 billion in the prior 2023-2032 window. (cochilco.cl) Argentina is pressing for the same pool of mining capital with its Large Investment Incentive Scheme, known as RIGI. Grant Thornton Argentina said the regime took effect on October 22, 2024 and offers qualified projects legal certainty and special protection for 30 years. (grantthornton.com.ar) One of the clearest examples is Los Azules in San Juan. McEwen Copper said Argentina approved the project for RIGI in September 2025, covering a $2.672 billion investment plan. (mcewenmining.com) For Chile, the headline number shows a bigger pipeline than a year ago, but much of it still depends on permits, execution and timing. For miners choosing where to spend next, the Andes now offer two rival policy stories. (cochilco.cl) (grantthornton.com.ar)