BHP to Initiate $2 Billion Concentrator Optimization at Escondida Mine

BHP plans to invest $2 billion to optimize the concentrator at Escondida, the largest copper mine, as part of a $10.8 billion investment in Chile. This project aims to maintain production and enhance economic benefits for the Antofagasta region. Environmental permitting is expected to follow soon.

BHP has announced its decision to proceed with a $2 billion concentrator optimization project at the Escondida mine, recognized as the largest copper mine globally. This initiative is part of a broader $10.8 billion investment strategy in Chile, which the company unveiled in November.

The concentrator optimization marks the inaugural step in this extensive investment plan, and BHP intends to submit an application for environmental permitting in the near future.

Alejandro Tapia, President of Escondida, stated that the plan is designed not only to sustain production but also to contribute to significant economic benefits for Chile and the Antofagasta region.

This announcement coincided with a visit to the mine by Chile’s Finance Minister, Mario Marcel, who highlighted that the bulk of foreign investments in Chile comes from established companies that are not only undertaking new projects but also reinvesting their earnings into existing operations.

In summary, BHP’s $2 billion concentrator optimization plan signifies a substantial commitment to enhancing operations at the Escondida mine while fostering regional economic growth through its larger $10.8 billion investment strategy in Chile. The forthcoming environmental permitting process and the ongoing visits from government officials indicate a collaborative approach to advancing mining efforts in the region.

Original Source: www.mining.com