Projected investment in 5-year mining rises 11%, from $19.5bn to $21.7bn

Estimated five-year mining investment increased by 11%, according to a census prepared by the Capital Goods Corporation (CBC) at the end of the third quarter of 2020. The increase is mainly due to the entry of new projects and increased investment. According to the CBC, the estimated investment for the period 2020-2024 increased from $19,509 billion to $21,660 billion.

Withdrawal of 10% helped increase household income by 35.4% in Chile

The gross disposable income of households increased by 35.4% compared to the third quarter of 2019, explained mainly by social benefits net of contributions in relation to the extraordinary partial withdrawal of pension funds - which had an impact of 39.2%, according to a Chile's Central Bank report. The report states that without the withdrawal of 10% of pensions, household incomes would have fallen by 2.6% compared to the third quarter of 2019.