Chile to cushion the blow of glacier ban on giant copper mines
Chile’s government is looking at a gradual implementation for a proposed ban on mining near glaciers in order to limit the impact on some of the world’s biggest copper mines.
BHP finds new Guinea exit strategy
BHP Billiton plans to sell its one-third stake of the alumina bauxite project in Guinea to Dubai Aluminum and Abu Dhabi state-owned Mubadala, reported Barry Fitzgerald Thursday for the Australian.
The original plan was for BHP to sell its stake to Canada’s Global Alumina Corporation.
BHP’s exit from the project – once estimated at $5.2 billion – fits neatly into CEO Andrew Mackenzie’s plan to reduce operations in ‘riskier’ locations:
“Our decision to focus on the OECD was deliberate and, I would argue, increasingly looks like the right call.”
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Chinese, Australian investors battle for largest lithium deposit
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