BHP bets billions on Chile mines to face global copper crunch
BHP detailed to investors this week plans to spend $10.7 billion to $14.7 billion within about 10 years.
Chilean miner Collahuasi this year expects to match its 2018 production of copper, an all-time high for the company, its top executive said on Tuesday.
Collahuasi, majority owned by Anglo American and Glencore, is a copper mine located in northern Chile and among the world´s largest. Last year the mine produced 560,000 tonnes of copper, placing it among Chile´s top three producing mines.
“This year’s should be similar to that of last year, which was a 20-year record for the company,” said Collahuasi Chief Executive Officer Jorge Gomez during a talk at the CRU/CESCO World Copper Conference in Santiago.
The Collahuasi mine opened about 20 years ago.
(By Fabian Cambero and Dave Sherwood; Editing by Tom Brown)
