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US$110B in capex required in Americas

The Americas needs more than US$110 billion in development capex through 2025 with 65% of that — or about $72 billion — for copper, Carlos Urquiaga, managing director, head of the Americas structured debt metals and mining at BNP Paribus, has told delegates at the SME's 7th Current Trends in Mining Finance conference in New York.

US$110B in capex required in Americas US$110B in capex required in Americas US$110B in capex required in Americas US$110B in capex required in Americas US$110B in capex required in Americas

Speaking in the 'capital markets and key trends in mining' panel, Urquiaga said after copper, potash accounted for 15% and gold 11% of capex requirements.