BHP Gives Chile a $13 Billion Reason to Cut Red-Tape for Mines
The Escondida copper mine in Chile.
Source: Gallo Images/Orbital Horizon/Getty Images
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BHP Group is ready to start spending $13 billion to overhaul its aging copper mines in Chile, but is grappling with red tape, an executive said Tuesday.
“As a country, we must act with a sense of urgency if we want to execute growth projects,” Alejandro Tapia, head of BHP’s Escondida mine, told an industry conference in Santiago. “Competition will be fierce, and Chile cannot lose this opportunity or its leadership position.”
