BHP won an environmental permit for early-stage works at its Escondida copper mine in Chile, the first step in a broader $10.7-$14.7B investment plan to double output.
BHP Group secured an initial environmental permit for the expansion of its Escondida copper mine in Chile. The approval allows early-stage projects worth $1.3 billion, spanning sulphide leaching operations and electricity infrastructure improvements.
BHP said the permit is a milestone in its broader investment plan for Chilean operations. That plan calls for spending between $10.7 billion and $14.7 billion over the coming years. The upgrades target declining ore grades and support BHP's goal to double global copper output to more than two million tonnes by the mid-2030s.
BHP holds a 57.5% stake in Escondida. Rio Tinto and a Japanese consortium own the rest. The expansion is part of a strategy to meet rising copper demand tied to decarbonization and data center buildout.
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The permit covers early works only. Full construction will require additional approvals. No timeline for those permits has been disclosed.
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