The recent agreement between British mining company Anglo American Plc $AAL.L and Chilean state-owned company Codelco marks a significant step forward in copper extraction at the Los Bronces and Andina sites. This partnership not only aims to boost copper production but is also expected to generate a notable increase in net present value of at least $5 billion, which will be evenly distributed between the two companies.

Brazilian mining giant Vale $VALE, one of the world’s largest iron ore producers, is set to announce a significant investment of 70 billion reais ($12.2 billion) this Friday. The investment will focus on expanding the production capacity of iron ore and copper at the Carajás mining complex in northern Brazil. According to a statement from the presidential palace, these investments are scheduled to unfold through 2030.