“WE ’ VE GOT AROUND $ 65BN IN INVESTMENT IN MINING PROJECTS PLANNED OVER THE NEXT SEVEN YEARS ”
— Baldo Prokurica , Minister of Mining , Chile
Thanks to the efforts of successive governments , Chile has seen a drop in the price of power generation but an increase in the percentage of energy coming from renewable sources such as wind , and solar . “ This is because Chile has some of the highest levels of solar radiation in the world and we ’ re doing all of this , price without any subsidies ,” adds Prokurica .
Chile is one of the most active countries in the world when it comes to mining exploration and Prokurica predicts a healthy future for the industry : “ We are working with companies from Canada , the UK , Japan and the US among others . Our forecast in terms of investments proposed by Codelco ( the state-owned mining company ) is that if the trade dispute between the US and China ends , we ’ re going to see a big increase in investment across the mining sector and right now it ’ s still good . We ’ ve got around $ 65bn in investment in mining projects planned over the next seven years .”
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