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Latin America could receive $239B in mining investments through 2033

The El Teniente mine in Rancagua, south of Santiago, Chile, is the largest underground mine in the world. File Photo by Mario Ruiz/EPA

SANTIAGO, Chile, Nov. 4 (UPI) — Latin America is projected to receive $239 billion in mining investments through 2033, a study by consulting firm PwC indicates. Chile, Brazil, Argentina and Peru are expected to be the main beneficiaries, although most of the projects are not new initiatives.

“It’s a large and strategic figure in absolute terms and competitive compared with other resource-rich regions. Latin America maintains a leading position in transition minerals such as copper and lithium, as well as base minerals like iron,” Carlos Rivas, senior manager for PwC Chile’s mining sector consulting division, told UPI.

The analysis included projects from major mining companies such as BHP, China Shenhua Energy, Rio Tinto Group, Freeport-McMoRan, Zijin Mining Group and Glencore.

Rivas said much of the projected investment is needed for companies to maintain production levels amid declining ore grades and increasing environmental, social and governance requirements.

“New capital investment is required to address issues such as environmental permits, water, energy and logistics needs, and to diversify supply in the face of global concentration risks,” Rivas said.

Chile, which accounts for 22% of global copper production and 17% of lithium output, will receive the largest share of investments — about $83.2 billion — of which only 20% is earmarked for new projects.

“The predominance of brownfield projects [those developed on existing sites or infrastructure] at 80% reflects the maturity of Chile’s mining assets and a rational strategy,” Germán Millán, a partner in PwC Chile’s mining sector consulting division, told UPI.

“These projects generally carry lower financial risk and involve faster permitting processes. Exploration continues, but it competes for capital with emerging hubs such as Argentina and faces longer development cycles,” he said.

Millán said expansion projects include a significant component of technology investment that is highly relevant to the industry.

Brazil is projected to attract about $68.5 billion in mining investments, while Peru is expected to receive roughly $54.6 billion over the next eight years, with 60% of those projects focused on new developments.

Millán cited Argentina, where investments of about $33 billion are projected, with 70% of the total earmarked for new projects.

Among greenfield projects — those launched from scratch — new initiatives stand out in mining districts such as Vicuña, with ventures like Filo del Sol for copper, gold and silver exploration and Josemaría, which is related to copper.

Under development scenarios, Argentina could reach 1.2 million metric tons of copper production within a decade.

“For that to materialize, infrastructure must be secured in areas such as water, energy, roads and ports, along with predictable permitting processes, strong community engagement and access to capital,” Rivas said.

He added that with Chile’s support and expertise, “Argentina’s learning curve could be accelerated. There is strong growth potential if institutional frameworks, infrastructure and financing align, with partnerships that share risk and accelerate the development of studies and the execution of projects.”

PwC’s Mine 2025 study noted that the global mining supply is becoming increasingly concentrated, and that “in several cases, there is a growing mismatch between where mineral reserves are located and where they are produced. This situation creates both opportunities and supply risks.”

For copper, Chile and Peru remain among the world’s leading centers of production and reserves, reinforcing their role in new value chains despite rising output in other jurisdictions, such as the Democratic Republic of Congo.

For lithium, Australia, Chile and China lead production, while the largest reserves are situated in the Lithium Triangle — Chile, Argentina and Bolivia — “opening room for further development and potential cross-border synergies in South America. This concentration calls for responsible diversification and solid investment frameworks,” the report said.

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Israel expects to receive all living captives from Gaza on Monday | Israel-Palestine conflict News

Israel says it expects to receive all its remaining living captives from Gaza early on Monday, a key step in the ceasefire between Israel and Hamas now in effect.

Speaking on Sunday, government spokeswoman Shosh Bedrosian said that Israel anticipates all 20 living captives will be returned together early on Monday.

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As in previous exchanges during Israel’s two-year war on Gaza, the captives will first be handed over to the Red Cross, which will transport them to an Israeli military base inside Gaza for initial medical checks before they proceed to Israel to reunite with their families.

A Hamas source told Al Jazeera Arabic that the captives have been moved to three locations in the enclave ahead of their transfer to Red Cross officials.

Once Israel has confirmed all its captives are inside Israeli territory, it will begin releasing Palestinian prisoners, Bedrosian said.

Under the terms of the ceasefire, Israel is to release about 2,000 Palestinians it holds in detention, many without charge. The prisoners include 250 Palestinians serving life sentences. Imprisoned Palestinian leader Marwan Barghouti, whose release Palestinians have long sought, will not be among them, Israel has said.

Some detainees will be released in the occupied West Bank, where relatives have been instructed by Israel not to hold celebrations or speak to the media.

Israel is also preparing to receive the bodies of 28 captives confirmed to have died in captivity, according to Bedrosian.

Speaking in a televised address on Sunday evening, Israeli Prime Minister Benjamin Netanyahu said he hoped the captives’ release would be a moment of unity for the country, despite controversy over his handling of the war.

“This is an emotional evening … because tomorrow, our children will return to our borders,” said Netanyahu, quoting a biblical verse. “Tomorrow is the beginning of a new path – a path of rebuilding, a path of healing and, I hope, a path of united hearts.”

Some of the families of captives have criticised Netanyahu for allegedly prioritising military victory over their release. On Saturday, when the US envoy to the Middle East, Steve Witkoff, praised Netanyahu’s leadership at a rally in Tel Aviv, many in the crowd booed.

A billboard shows an image of U.S. President Donald Trump, amid a ceasefire between Israel and Hamas in Gaza, in Tel Aviv, Israel, October 12, 2025. REUTERS/Hannah McKay
A billboard in Tel Aviv shows an image of US President Donald Trump during a ceasefire between Israel and Hamas [Hannah McKay/Reuters]

‘Trump’s show’

The planned exchange comes three days after Israel’s government approved the first phase of a deal aimed at ending the war in Gaza, and just as United States President Donald Trump, who spearheaded the agreement, visits Israel before a summit in Egypt.

Trump left for Israel from the Joint Base Andrews near Washington on Sunday afternoon, with Secretary of State Marco Rubio, Secretary of Defense Pete Hegseth and CIA chief John Ratcliffe accompanying him on Air Force One.

“This is going to be a very special time,” said Trump on Sunday afternoon before boarding the flight. “Everybody’s cheering.”

On board Air Force One, the US president told reporters that the captives may be released “a little early”, that his relationship with Netanyahu was good, and that Qatar deserved credit for the role it had played in mediating the ceasefire.

“The war is over. You understand that,” Trump added.

Al Jazeera’s correspondent Nour Odeh, reporting from Amman, Jordan, because the network is banned in Israel, said: “It is Trump’s show.”

“He will be arriving in Israel, meeting with the families of captives, addressing the Knesset, and then going to Egypt’s Sharm el-Sheikh, where he has summoned the leaders of more than 20 countries.”

As part of the Trump-led ceasefire agreement, Israeli forces have withdrawn from parts of Gaza, including Gaza City and other northern areas, although they still control more than half of its territory.

Palestinians returning to the combat zones they were displaced from have found widespread devastation, or “wastelands” where their neighbourhoods once stood, Al Jazeera’s Ibrahim al-Khalili reported from Gaza City.

Humanitarian aid has begun to trickle into the enclave as part of the ceasefire, with dozens of trucks arriving on Sunday. But distribution remains slow for a population that has endured months of extreme deprivation, said Al Jazeera’s Hind Khoudary.

“People are not waiting only for food, but also for tents, mobile shelters, solar panels and desperately-needed medical equipment and medicines – items largely unavailable for the past two years,” Khoudary said from Deir el-Balah in central Gaza. “Most people have lost their savings, have no access to bank accounts, and are completely dependent on humanitarian aid to survive.”

Leaders to convene in Egypt

The Gaza summit, scheduled for Monday in Sharm el-Sheikh, will be co-chaired by Trump and Egyptian President Abdel Fattah el-Sisi.

More than a dozen world leaders are expected to attend, including United Nations Secretary-General Antonio Guterres, Jordan’s King Abdullah II and Turkish President Recep Tayyip Erdogan.

Iranian Minister of Foreign Affairs Abbas Araghchi said that neither he nor Iran’s president would accept an invitation to the summit because they could not “engage with counterparts who have attacked the Iranian People”, in reference to the US and its strikes on Iran’s nuclear facilities earlier this year.

Although both Israel and Hamas said they would not participate, Cairo has hailed the summit as a “historic” event that will seek “to end the war in the Gaza Strip, enhance efforts to achieve peace and stability in the Middle East”.

Egypt said that a “document ending the war in the Gaza Strip” is also expected to be signed at the summit.

‘Hard work’ to come

Despite the ceasefire progress, many details on phase two of the deal, which is still to be negotiated, need to be ironed out, including the exact makeup of a post-war administration for Gaza and the fate of Hamas.

The second phase is expected to involve a phased Israeli withdrawal, Hamas’s disarmament, the establishment of new security and governance arrangements, and reconstruction.

“After the big day tomorrow for Trump, after the release of the hostages… then comes the hard work,” Adnan Hayajneh, professor of international relations at the University of Qatar, told Al Jazeera. “If you look at the situation in Gaza, it’s like an earthquake happened… There’s no government. There’s no schools. There’s nothing there.”

US Vice President JD Vance appeared to acknowledge on Sunday that the road to stability would be difficult. “It is going to take consistent leverage and consistent pressure from the president of the United States on down,” he told US broadcaster CBS.

In a separate interview with ABC, Vance said that the 200 US troops reportedly being sent to Israel to monitor the ceasefire are not intended to have a combat role and will not deploy to Palestinian territory.

“The idea that we’re going to have troops on the ground in Gaza, in Israel, that that is not our intention, that is not our plan,” said Vance.

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Aid flows into Gaza as Israel prepares to receive hostages

Destroyed houses await many of the returning residents of Gaza City as the withdrawal of Israeli forces and the delivery of humanitarian aid to Gaza were underway on Saturday. Photo by Mohammed Saber/EPA

Oct. 11 (UPI) — A cease-fire remains in effect in Gaza, where aid is flowing while Israel prepares to receive 48 released hostages, only 20 of whom are thought to be alive.

U.N. officials said medical supplies, fuel and other needed materials are flowing into Gaza once again as the fighting has stopped ahead of a proposed permanent peace, NBC News reported.

The Israeli military also has withdrawn to a predetermined line, which has started the 72-hour countdown for Hamas to release the remaining 48 hostages, including the remains of an estimated 28 hostages who are believed to be dead, U.S. envoy Steve Witkoff announced.

No hostilities are underway in Gaza, which has enabled its remaining residents to begin returning to their former homes, many of which have been decimated during two years of war that started when Hamas launched an unprovoked attack on Israeli civilians on Oct. 7, 2023.

Hamas and Palestinian Islamic Jihad militants killed some 1,200 Israeli civilians and others and kidnapped another 250, but released more than 100 during a prior cease-fire.

Tens of thousands of Palestinians are returning to cities and villages that largely have been destroyed, according to Al Jazeera.

Israel has agreed to release nearly 250 Palestinian prisoners and has begun notifying the families of those who were killed by the prisoners that Israel will release.

Israel’s partial withdrawal from Gaza and the exchange of remaining hostages held in Gaza and prisoners held in Israel are part of the first phase of the peace agreement between Israel and Hamas.

Israeli officials expect to begin receiving the living hostages and the remains of those who are deceased on Monday.

While the first phase of the peace agreement is underway, leaders of Hamas, Islamic Jihad and the Popular Front for the Liberation of Palestine have rejected any potential foreign nations acting as peacekeepers in Gaza, though.

The United States is among the nations that are tasked with helping to maintain the peace in Gaza.

Gazan officials also are demanding an independent investigation of alleged Israeli war crimes and genocide against Gazans.

The demand comes after the Hamas-run Gaza Health Ministry reported about 67,000 Gazans died and 170,000 were injured during the two-year conflict.

The Health Ministry’s numbers do not differentiate between Hamas and Islamic Jihad fighters and civilians, and the number of reported casualties has been disputed.

Thousands of displaced Palestinians walk along the Rashid coastal road toward Gaza City on October 10, 2025, after the implementation of a cease-fire agreement between Israel and Hamas. Photo by Hassan Al-Jadi/UPI | License Photo

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U.S. soybean farmers may receive bailout after China launches embargo

Soybean farmers, such as the owners of the soybean field pictured in rural Iowa in 2019, may be in line for federal subsidies as a result of President Donald Trump’s tariffs on China. File Photo by Mike Theiler/UPI. | License Photo

Oct. 5 (UPI) — Soybean farmers could be the recipients of between $10 billion and $14 billion in government aid after China’s unofficial embargo tanked sales.

China stopped buying soybeans after President Donald Trump levied tariffs on the country.

Soybean farmers are urging the president to reach a deal with China.

“China is the world’s largest soybean customer and typically our top export market,” said American Soybean Association president Caleb Ragland in a statement on Sept. 24 after China reportedly bought 20 shiploads of soybeans from Argentina when that country said it would waive all taxes on soybean exports.

“The U.S. has made zero sales to China in this new crop marketing year due to 20% retaliatory tariffs imposed by China in response to U.S. tariffs. This has allowed other exporters — Brazil and now Argentina — to capture our market at the direct expense of U.S. farmers. The frustration is overwhelming,” Ragland said.

China was responsible for about $12 billion in soybean sales in 2024, NBC reported.

“The soybean farmers of our country are being hurt because China is, for ‘negotiating’ reasons only, not buying. We’ve made so much money on tariffs that we are going to take a small portion of that money and help our farmers,” Trump said in a post on Truth Social.

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Ryanair passenger ‘stunned’ to receive ‘worst food ever’ on flight

Declan Minogue, a 63-year-old, felt a bit of hunger coming on while on a Ryanair flight, so he decided to order the £5.90 Hot Ham and Cheese Panini from a flight attendant

Declan
Declan Minogue was not happy with his sandwich(Image: Kennedy News and Media)

A hungry dad claims Ryanair served him the ‘worst airplane food ever’ after he received a miserable sandwich.

Declan Minogue and his wife Claire Minogue, 61, were travelling back from Faro to Dublin Airport on 21 July after seven relaxing nights in Portugal. The 63-year-old felt a bit of hunger coming on, so he decided to order the £5.90 Hot Ham and Cheese Panini from a flight attendant.

However, it was not the hunger-busting snack he had hoped for. Decland claims he was ‘stunned’ to open it up and discover just one piece of ham and the ‘tiniest bit of cheese’ with no butter. Despite polishing off the ‘bland’ sandwich that he compared to ‘something out of Oliver Twist,’ Declan claims he was forced to buy more food when he landed because he was still hungry.

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The menu item
He hoped the sandwich would look like this(Image: Kennedy News/Ryanair)

Taking to social media, the dad-of-two shared a photo of the sandwich captioned ‘shocking and insulting’.

Users took to the comments to express their shock at the ‘disgusting’ meal, empathising with the hungry holidaymakers. Others were less sympathetic, questioning why he had decided to buy food on a budget flight.

Declan who lives in Lusk, Dublin, Ireland, said: “It was the worst airplane food ever. It was a massive rip off. I was shocked when I saw it. I got it and I opened it and couldn’t believe it so I took a picture. It had two slices of ham and the tiniest bit of cheese and the cheese was like butter. There was no substance to it. I was stunned.

“It was like something out of Oliver Twist. You wouldn’t be asking for more than that. It didn’t taste good. It was very bland but I was starving so what could I do. You wouldn’t really think you can mess up a ham and cheese sandwich. I left the flight feeling quite hungry and had to get something from the airport.

The sandwich
This is the sandwich that was delivered (Image: Kennedy News and Media)

“I know it’s a budget airline but you’d expect better service. I wouldn’t buy anything on Ryanair’s flights again. The standards are a disaster. I didn’t complain about it, which I should have. My other half wouldn’t let me.”

One commenter wrote: “Never buy the food on board. Bring your own and cold drinks. Much nicer.” Another user said: “Take your own sandwiches. We never buy food on the plane.”

While Declan may have had a bad experience, Ryanair performed well in a recent ranking of airline food. Despite frequent jokes about Ryanair’s cost-cutting approach and their humorous social media responses to complaints, it ranked with the lowest percentage of negative food reviews, while a fellow Irish airline company Aer Lingus topped the charts for the worst feedback on food in the skies.

Ryanair has been approached for a comment.

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