We could do this in a lot of words, but let’s not. Let’s do it in two simple lines:
- The last time we heard from Teck (TCK) officially, it earmarked capex at its Relincho copper project in Chile at U$3.9Bn (no updates since February, you’ll notice).
- According to the survey just completed by the Chilean Mining Commission, Relicho’s capex has moved up from U$3.9Bn to U$4.5Bn.
So now you know. Before Teck tells you. Expensive place, Chile.