off-the-wire

Codelco, BHP agree on terms to explore Anillo property

Kitco Media
By Reuters
Published:
Updated:
Reuters
Codelco, BHP agree on terms to explore Anillo property teaser image

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

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.