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Simultaneous megaproject filings signal Chile mining shift
Mining companies BHP and U.S.-based Freeport-McMoRan submitted two copper projects worth more than $12.5 billion combined to Chile's Environmental Impact Assessment System, marking one of the clearest signs of a revival in mining investment in the country. BHP, through Minera Escondida, the world's largest copper producer, submitted the "Nueva Concentradora Escondida" project valued at $5 billion, which would allow it to continue operations by replacing the Los Colorados plant. That plant is at the end of its useful life. The project includes an ore processing capacity of 460 thousands of tons per day in the ... (full story)