Bolivia eases rules on gold holdings as liquidity crunch bites
By law, the institution must keep at least 22 tons of the metal.
BHP (ASX: BHP) has partnered with Anglo American, Antofagasta Minerals, Codelco and Collahuasi to launch the Mining Cybersecurity Corporation in Chile to battle cyberthreat risks to the mining industry.
More than 4 billion cyberattacks took place in Chile during the first half of 2023, positioning it as the fifth country in Latin America with the most incidents, BHP said.
The unprecedented technological progress in recent years brings important benefits, but also involves several cybersecurity risks, it added.
Studies indicate that, by 2025, cyberattacks will cost companies approximately $10.5 billion, the miner noted.
Anglo American was the victim of a cyber-attack in December.
This initiative, led by Corporación Alta Ley and supported by the Chilean Ministry of Mining, aims to generate and share cyber-intelligence information for early warning and response, and to promote a culture of cybersecurity in mining operations.
“As BHP we are enthusiastic about this initiative and, therefore, we want to contribute with our experience in the protection of assets and systems,” Ezequiel Fagetti, BHP cybersecurity manager, Minerals Americas, said in a statement.
“Cybersecurity is vital for the proper functioning of the different production systems and, ultimately, for us to continue contributing to the country,” he said. “If we strengthen this aspect, we strengthen the mining industry as a whole, its value chain, and safeguard the benefits for everyone.”
