Sunday, April 12, 2009

Chile To Invest $30 Billion in Copper, Gold Projects - MercoPress

Investment in Chilean copper and gold projects is expected to total over $30 billion.

Chile is the world’s No. 1 producer and exporter of copper and each 1-cent increase in the annual median price of copper represents an additional $40 million for the treasury of the Andean nation. The median price per pound so far this year is $1.59, compared with $3.15 a pound in 2008.

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