BHP earmarks $400 million to reduce emissions from its mines, products

The company expects to be able to process 85 million tonnes of mineral per year.

The miner submitted an environmental impact study for a $3 billion project seeking to maintain output from its flagship Los Bronces copper mine.

Proven and probable copper mineral reserves increased by 21% since the end of 2018 to 11.8 billion pounds, while gold mineral reserves gained 12% to reach 7.4 million ounces.

Bidders could value the company’s assets at $3-4 billion while the seller may be seeking $7-8 billion.

The country is looking to diversify its mining output without neglecting production of coal and gold.

The company acquired 56 new mineral claims in the Troilus area.

Lawmakers will vote in August whether to modify agreement, which may force the miner to make further concessions.

Three of four representative grab samples collected from the pit returned grades of 1.66%, 1.55% and 0.78% copper.

The government is seeking to free mining giant Codelco from a decades-old mandate to fund the country’s armed forces.