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BHP's Chile Copper Mine Expansion Gets Green Light
7 Jul
Summary
- BHP Group Ltd. received its first major environmental approval.
- The Escondida copper mine expansion work is valued up to $14.7 billion.
- Chile's environmental commission approved early stage expansion works.
BHP Group Ltd. has obtained its first significant environmental approval for the expansion of its Escondida copper mine located in Chile. This milestone permits the commencement of early-stage works, estimated to be worth as much as $14.7 billion.
The Antofagasta Environmental Assessment Commission in Chile has granted its consent for these initial phases of the project. The approval signifies progress for one of the world's largest copper operations.
The expansion aims to support continued operations and production at the Escondida mine. Further environmental assessments and regulatory steps will likely follow for subsequent stages of the project.
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