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San Juan is rich in copper reserves, but exploitation is limited.
Iran has the world's 9th largest copper reserves and the 11th in iron ore.
The El Teniente mine in the Andes southeast of Santiago also has important copper reserves.
Teck's copper reserves and resources will increase by 15 billion pounds, to more than double current levels, it said.
The continent's copper reserves represent more than one-quarter of the world's known reserves, nearly all of which are found in Chile and Peru.
A $50 million, seven-year government survey of the Tibetan plateau released in 2007 found as much as 40 million tons of copper reserves, 40 million tons of zinc and lead reserves, and more than 1 billion tons of iron reserves.
Over the next 25 years, it plans to extract about 11 million tons of copper — an amount equal to one-third of all the known copper reserves in China.
His Pip is an unlikely hero, an isolated white man on Bougainville, a small Pacific island cursed by enormous copper reserves.
The report said the Afghan state was being starved of much needed revenues from the country's immense mineral resources, which include emeralds, rubies and vast copper reserves.
New research on copper reserves shows that 100 years of supply are now available, up from the 30 previously believed to exist.
It would also bump up the Anglo-Australian company's copper reserves up by 30%.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com