Stock Market News

Miner BHP wants to expand presence in Peru, says executive

2022.09.27 13:37



© Reuters. A small toy figure and mineral imitation are seen in front of the BHP logo in this illustration taken November 19, 2021. REUTERS/Dado Ruvic/Illustration

LIMA (Reuters) – Global miner BHP wants to expand its presence in Peru through exploration of new projects, Rag Udd, who heads the company in the Americas, said on Tuesday at the Perumin mining conference.

Peru is the world’s No. 2 producer and BHP is a part-owner of one of its largest copper mines, Antamina.

Udd added that BHP will invest $12 million on exploration in the next 10 months and that it is evaluating six potential projects.

Despite falling prices in recent months, Udd said he remains optimistic about future demand for copper amid an energy transition away from fossil fuels.

“Peru has all the potential to grasp that opportunity and unleash a new positive cycle,” Udd said, adding the country has maintained “stable” macroeconomic fundamentals in recent years.

BHP is also the operator of the world’s largest copper mine, known as Escondida and located in Chile.



Source link

Related Articles

Leave a Reply

Back to top button
bitcoin
Bitcoin (BTC) $ 75,921.34 0.76%
vested-xor
Vested XOR (VXOR) $ 3,405.08 99,999.99%
ethereum
Ethereum (ETH) $ 2,906.89 1.60%
tether
Tether (USDT) $ 1.00 0.06%
solana
Solana (SOL) $ 197.22 3.51%
bnb
BNB (BNB) $ 595.90 2.21%
usd-coin
USDC (USDC) $ 1.00 0.02%
xrp
XRP (XRP) $ 0.55025 3.21%
staked-ether
Lido Staked Ether (STETH) $ 2,905.88 1.09%
dogecoin
Dogecoin (DOGE) $ 0.192937 1.81%
cardano
Cardano (ADA) $ 0.418941 11.41%
tron
TRON (TRX) $ 0.16042 1.56%
wrapped-steth
Wrapped stETH (WSTETH) $ 3,444.09 1.97%
the-open-network
Toncoin (TON) $ 4.88 1.48%
shiba-inu
Shiba Inu (SHIB) $ 0.000019 1.81%
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 75,808.31 0.38%
avalanche-2
Avalanche (AVAX) $ 27.31 2.17%
weth
WETH (WETH) $ 2,906.57 1.81%
chainlink
Chainlink (LINK) $ 12.58 0.16%
bitcoin-cash
Bitcoin Cash (BCH) $ 376.83 1.78%
sui
Sui (SUI) $ 2.29 1.05%
polkadot
Polkadot (DOT) $ 4.15 0.73%
leo-token
LEO Token (LEO) $ 6.40 3.43%
usds
USDS (USDS) $ 1.00 0.01%
litecoin
Litecoin (LTC) $ 71.15 0.70%
wrapped-eeth
Wrapped eETH (WEETH) $ 3,056.57 1.63%
uniswap
Uniswap (UNI) $ 8.88 5.15%
near
NEAR Protocol (NEAR) $ 4.19 2.86%
aptos
Aptos (APT) $ 9.54 2.11%
pepe
Pepe (PEPE) $ 0.000011 1.29%
bittensor
Bittensor (TAO) $ 502.18 7.85%
internet-computer
Internet Computer (ICP) $ 7.69 3.84%
fetch-ai
Artificial Superintelligence Alliance (FET) $ 1.39 3.55%
dai
Dai (DAI) $ 1.00 0.06%
stellar
Stellar (XLM) $ 0.101519 1.85%
monero
Monero (XMR) $ 164.08 0.98%
ethereum-classic
Ethereum Classic (ETC) $ 20.04 2.10%
ethena-usde
Ethena USDe (USDE) $ 1.00 0.04%
kaspa
Kaspa (KAS) $ 0.113566 7.18%
whitebit
WhiteBIT Coin (WBT) $ 19.68 2.04%
aave
Aave (AAVE) $ 179.84 3.46%
polygon-ecosystem-token
POL (ex-MATIC) (POL) $ 0.341079 1.77%
blockstack
Stacks (STX) $ 1.66 3.36%
crypto-com-chain
Cronos (CRO) $ 0.090092 4.74%
okb
OKB (OKB) $ 40.07 0.02%
first-digital-usd
First Digital USD (FDUSD) $ 1.00 0.01%
dogwifcoin
dogwifhat (WIF) $ 2.34 3.77%
arbitrum
Arbitrum (ARB) $ 0.574957 1.61%
filecoin
Filecoin (FIL) $ 3.71 2.58%
mantle
Mantle (MNT) $ 0.650674 5.05%