Chile mining sector to see $60 billion in investment over next...

Chile mining sector to see $60 billion in investment over next decade

https://www.miningglobal.com/invest...or-see-60-billion-investment-over-next-decade

"Hernandez specifically pointed to six new mining projects, two lithium, three copper and one gold, which will be added to the Cadastre, totalling US $ 5,902 billion.
The new initiatives that are added are Production of Sales Maricunga of SIMCO; SQM Salar 180 ktpa Lithium Carbonate Expansion;..."

Some background information relating to SIMCO
"The initiative, located in the district of Copiapó, contemplates an estimated investment of USD350 million.
According to the company, once the approval of its EIA has been achieved, the construction of a lithium carbonate and by-products plant is planned.
Currently, the study is in the process of being admitted to the environmental agency and according to the information provided by the company, its construction would take around three years.
"Only after the fourth year, the project will reach its maximum production capacity," SIMCO said in its EIA presentation.
It should be remembered that the project was born with the objective of exploiting the brines of the northeast sector of the Salar de Maricunga, for which the The company will develop a production process through solar evaporation and subsequent precipitation, in a lithium plant that will allow the production of 5,700 tons of ore per year and of 9,100 tons of lithium hydroxide per year. "

I haven't done research on SIMCO at all. This is quite a surprise to me as LPI will benefit from this.

Anyone can provide further inside into this?