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
Chilean President Gabriel Boric on Wednesday named former energy minister Maximo Pacheco as the new board chairman for state-owned miner Codelco, the world’s largest copper producing company.
Pacheco held the role of energy minister from 2014 to 2016 during socialist ex-President Michelle Bachelet’s administration, according to a government statement. He was also the executive vice president of operations at Codelco and was until 2019 a member of the board at public television station TVN.
Former Codelco chairman Juan Benavides resigned earlier in March, two months before completing his four-year term.
(By Alexander Villegas, Natalia Ramos and Anthony Esposito; Editing by Aurora Ellis)
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