BHP, one of the world’s largest mining companies, has announced a significant investment plan of $US13 billion in expanding its copper operations in Chile over the next decade. This move underscores the company’s commitment to capitalizing on the growing global demand for copper.
With three operational copper mines in Chile – Spence, Cerro Colorado, and the renowned Escondida, which is the largest copper producer worldwide – BHP plays a pivotal role in the country’s copper production landscape. In 2024 alone, BHP’s copper operations contributed a substantial $US9.4 billion to Chile’s GDP through taxes and royalties.
At the 2025 CRU World Copper Conference, BHP Escondida president Alejandro Tapia emphasized the urgency for Chile to expedite copper projects to meet the escalating demand. BHP foresees a 70% surge in copper demand by 2050, emphasizing the need for proactive measures to sustain the industry’s growth.
Tapia highlighted the competitive global landscape in the copper market, urging Chile to maintain its leadership position through timely investments and adherence to stringent environmental standards. He stressed the importance of swift project execution for companies meeting regulatory requirements.
Key projects in BHP’s expansion strategy include a substantial investment in Escondida, amounting to $US10.8 billion, with an initial focus on optimizing the Laguna Seca concentrator plant. Additionally, investments in Spence and Cerro Colorado aim to extend the mines’ operational lifespans, ensuring sustainable copper production for years to come.
BHP’s ambitious growth plan aligns with its commitment to operational excellence and environmental stewardship. Tapia emphasized the positive impact these investments would have on the local communities, the nation, and the regions where BHP operates, highlighting the value creation beyond the company’s bottom line.
The company’s readiness to execute these plans underscores its confidence in the future of copper mining and its role in driving economic prosperity. By combining operational efficiency with environmental responsibility, BHP aims to set new benchmarks in the industry while contributing significantly to Chile’s economy.
As the global demand for copper continues to rise, BHP’s strategic investments in Chile position the company at the forefront of the evolving mining landscape. With a long-term vision focused on sustainable growth, BHP’s commitment to the copper industry underscores its role as a key player in shaping the future of mining.
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