Chile: the balanced view : a recopilation of articles about the Allende years and after

The preceding investments do not ínclude private miniog developments, which'also addsignifícant tonnage to the projected total. Thus, we .can establish the following increase in productíon, according to the best projections by ENAMI: ., Year Production (in metric tons) Projected 1974 ENAMI 60.000 Other small-and medium- scale miníng 20,000 Mantos Blancos 30;000 Disputada 25,000 Michilla 6,500 Sagasca 12,000 163,500 150,000 Year 1975 Juan Godoy 10,000 Ojancos 3,OÓO, 176,500 160,000 Vear 1976 Others 6,000 182,500 172,000 Year 1977 Lo Aguirre 36,000 Others 4,000 222,500 200,000 Year 1978 Andacollo 70,000 Others 6,000 298,500 260,000 Year 1979 Sierra Gorda 30,000 Others 2,000 330,500 300,000 If the price for the production indicated far 11378 is estimated at 69.5c perpound for the large-scale mining sector, we would have a gross IOcome of $ 400 million, Compared to the income for 1973, which was $ 201.5 miliion, thls represents and additional income 01 almos! $ 200 million. . By 1980, this income will have been increased by $ 108 mili ion. Increased income Irom sales 01 molybdenum, gold, silver, and olher highly valuable metals thal might be exploited mus! be added lo the preceding figures on increased income from loreign sales of refined copper, Income from these other valuable minerals , might easily be in the range 01 $ 25 mili ion or more, depending on the degree 01 refining desired. . 3) /rOl! or(! minin.g Essentially,. belween 1974 and 1978, Chile íntends to open a new iron ore mine' (Boquerón-Chañar) thal will produce 3 mili ion additi'onal tons, part 01 which will be sold as pellets. Furthermore, Ihe Algarrobo Mine will be expanded ·10 prOduce as much as·4.2 million tons 01 pellets. Both mines wJlI· produce first-class ore, with high irOn arid low phosphorous conten!, which leads us to expect a good price, 232