BHP’s fossil fuel-free push gets Chile reception, says AntonyMCurrie:
as he tries to focus the miner on cleaner “future-facing commodities” like potash and metals for electric vehicles. Shareholders, though, have nixed some 15% of the company’s market value since the news. Now Chile is dinging BHP for poor water use at a copper mine.
A court has ordered the Melbourne-based company to cease pumping groundwater for its Cerro Colorado operations in the country’s northern desert after years of complaints from indigenous communities. Water issues in the increasingly arid state make mining the red metal costly: BHP has already spent
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