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US Firm Revives Chilean Copper Mine

Global Critical Resources is working to boost production at the Tres Valles mining complex in Chile. The US firm aims to capitalize on rising copper demand by combining its own output with ore from local miners.

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Power shovels are seen parked at an auction of second hand mining machinery near Santiago, Chile.

A United States company founded by an Austria investor is reviving the Tres Valles mining complex in Chile to capture surging demand. Global Copper prices have climbed as electric vehicles and renewable energy grids strain supply lines worldwide. The project targets $157 million in peak annual core earnings, tapping into a global market facing a $210 billion investment gap by 2035.
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