Chile lowered its forecast for mining investment over the next decade to $68.9 billion

Chile's national copper commission, Cochilco, said Monday that the country will receive $68.
9 billion in mining investment by the end of 2030, down 6.
9 percent from previous forecasts, as two projects will be removed
from the plan.

Cochilco said five new mining projects were added involving copper, gold, iron and industrial minerals
.

About 27.
8 percent of pipeline projects will be concentrated in state-owned miners Codelco and Enami, with the vast majority of money going to copper mining
.
Chile is the world's largest producer of
red metals.

But, on the other hand, Codelco has delayed the operation of its $3.
2 billion Expansion Andina copper project until 2035
.
It also cut investment costs
worth $1.
95 billion.

Neighboring Peru is the world's second-largest copper producer, and the government estimates its mining project pipeline to be worth about $50 billion
.