BHP, the world's biggest miner, said on Monday it had signed four renewable...
LONDON - BHP, the world’s biggest miner, said on Monday it had signed four renewable energy contracts to supply all of its Chilean copper operations beginning in 2021, cutting energy costs by 20%.
Daniel Malchuk, president of BHP Minerals Americas, said BHP had signed contracts to cover the energy needs of Escondida, the world’s biggest copper mine, and Spence, another copper mine in Chile, the world’s leading copper-producing country. BHP did not give a cost for the new contracts, but said they were the most extensive signed by a corporate customer in Chile. They will result in a provision of about $780 million related to the cancellation of the existing coal contracts, which will be recognized in BHP’s December 2019 half-year results.
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