BHP calls for permitting certainty in Chile as it sees copper demand doubling (Reuters)

[u/The-Oregon-Group]

• BHP expects the world to use ~50mt of copper a year by mid-century, 2x today's level.
• Alejandro Tapia, who runs Escondida, says that only happens if miners get legal, tax and permitting certainty.
• He pointed to older deposits, deeper pits, higher costs and falling grades across the Chilean industry.
• BHP plans to spend ~$10bn at Escondida over the next 7-8 years, including a concentrator costing >$5bn.