State Asset Ministry wants to launch $1 bn mining investments in Sierra Gorda

The Polish Deputy Prime Minister and Minister of State Assets, Jacek Sasin, announced that planned investments in the Sierra Gorda mine in Chile are estimated to be over $1 billion. Sasin, who is currently on a visit to Chile, stated that the investment plans are ambitious and aim to create favorable conditions for the mine to continue to develop. Sierra Gorda SCM is the only mine in Chile that has exceeded its project parameters, and it has been designed to process 110,000 tons of copper ore per day. In 2021, the average daily processing was 130,000 tons, or 18% more than the installation project predicted. The mine has also been recognized as a pioneer in low-grade copper ore mining.

Source: ISBnews