Soaring demand for copper will help drive mergers, BHP CEO says
Demand for copper, a key element in the energy transition, is set to rise by 70% to 100% by 2050, Mike Henry said
Australian mining company BHP requested a permit to build a $250 million electric trolley system at its Escondida copper mine from Chile’s environmental regulator, the firm said on Wednesday.
The planned project includes the installation of a trolley system to assist the transit of mining trucks in areas with high fuel consumption, according to a company statement.
“This project will allow us to reduce fuel consumption from our extraction trucks, and as a result move towards our net zero greenhouse gas emissions goal in our operations by 2050,” said BHP Escondida’s chief Alejandro Tapia.
(By Fabian Cambero, Kylie Madry and Stéphanie Hamel; Editing by David Alire Garcia)
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