Anglo American urges faster permits in Chile to close copper supply gap
The company operates Los Bronces and owns 44% of Collahuasi, two major copper mines.
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Last year, Anglo American agreed to sell some of its Australian steelmaking coal mines to Peabody for $3.78 billion in cash.
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US president also instructed the Interior Department to locate coal deposits on federal lands, remove barriers to mining, and fast-track leasing processes.
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Leveraging a $10 billion investment to build the mine in Saskatchewan, BHP is targeting 4.3 million tonnes of production by next year.
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The company – which operates mines in Turkey, Greece and Canada – forecasts production to hit between 660,000 and 720,000 oz. gold by 2027.
BHP gives Chile a $13 billion reason to cut red tape for mines
BHP has said previously that the projects would take production to an average annual rate of about 1.4 million metric tons next decade in Chile.
