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Chile aims to double copper production by 2050

Chile needs around 150 billion US dollars to achieve this goal.

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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 - - 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 (


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