Codelco, BHP agree on terms to explore Anillo property
Credit: Codelco via Flickr under license CC BY-NC-ND 2.0
Chilean state-run copper miner Codelco said on Monday that it had reached an agreement with BHP for the multinational firm to explore the Anillo mining property.
BHP will spend up to $40 million to explore the area, Codelco said in a statement. BHP could form a tie-up with Codelco to mine there if there is evidence of a favorable business case, Codelco added.
(By Fabian Cambero; Editing by Brendan O’Boyle)
Read More: Codelco, Rio Tinto ramp up efforts for Chile copper mining district
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