Chile aims to double copper production by 2050
The demand for copper and also for lithium, the battery metal, is increasing worldwide. Chile wants to be at the forefront of mine production. The Minister of Energy and Mines, Juan Carlos Jobet, has announced a new national mining plan. Its aim is to optimise the traceability of copper produced in Chile, to strengthen the diversity of mining companies and to reduce water consumption.
Chile is highly regarded by investors. The country wants to produce a record seven million tonnes of copper by 2030, and that requires investment. Chile used to be a dictatorship, but today things are different. And mining is an important pillar of the economy in Chile, copper exports are an important part of government revenue. Chile has copper, gold, silver and also lithium. So, mining projects are to be promoted.
In Chile, for example, Torq Resources is present. The Canadian exploration company has a portfolio of first-class holdings in Chile. Among them is the Margarita iron-oxide-copper-gold project in the coastal Cordillera belt in Chile. Also, the 1,200-hectare Andrea copper porphyry project in Chile is located on the edge of the El Indio belt, which already hosts world-class gold and silver properties.
Chile also wants to attract new mining companies to the country whose attention is focused on lithium. After all, Chile is the second largest producer of lithium batteries. Lithium is also available in Argentina and Australia, but also in Mongolia. Here, ION Energy - https://www.youtube.com/watch?v=FpvLzzNsJ1A - owns the Baavhai Uul and Urgakh Naran projects, making it one of the country's largest exploration licenses in a year-round low-cost environment.
Current corporate information and press releases from Torq Resources (www.resource-capital.ch/en/companies/torq-resources-inc/).
In accordance with §34 WpHG I would like to point out that partners, authors and employees may hold shares in the respective companies addressed and thus a possible conflict of interest exists. No guarantee for the translation into English. Only the German version of this news is valid.
Disclaimer: The information provided does not represent any form of recommendation or advice. Express reference is made to the risks in securities trading. No liability can be accepted for any damage arising from the use of this blog. I would like to point out that shares and especially warrant investments are always associated with risk. The total loss of the invested capital cannot be excluded. All information and sources are carefully researched. However, no guarantee is given for the correctness of all contents. Despite the greatest care, I expressly reserve the right to make errors, especially with regard to figures and prices. The information contained herein is taken from sources believed to be reliable, but in no way claims to be accurate or complete. Due to court decisions, the contents of linked external sites are also co-responsible (e.g. Landgericht Hamburg, in the decision of 12.05.1998 - 312 O 85/98), as long as there is no explicit dissociation from them. Despite careful control of the content, I do not assume liability for the content of linked external pages. The respective operators are exclusively responsible for their content. The disclaimer of Swiss Resource Capital AG also