CAP Group to increase Capex to $459 mn in 2021

Chilean mining and steelmaking holding company, CAP Group, plans to increase its investments in 2021. According to a media report by Diario Financiero, CAP Group should increase Capex spending from $288 million in 2020 to $459 million this year, a 59.3% year-over-year increase. Out of the $459 million, 77% or $353.4 million should go to the mining segment alone, which includes its iron ore business.

Source: SteelOrbis