Wen Hua Cai Jing·2025-05-13 13:38Group 1 - Codelco and BHP announced an exploration agreement for Codelco's assets in the Antofagasta region during the Bank of America Global Metals, Mining and Steel Conference [1] - The agreement complies with Law No. 19,137, which governs Codelco's collaboration with third parties for developing mining projects that are not suitable for independent development [1] - In 2022, Codelco offered a portfolio of 34 exploration assets to interested companies to assess the potential for collaborative development of these projects [1] Group 2 - The portfolio includes the "Anillo" mining area, covering 24,000 hectares, which is currently in the early exploration stage [1] - Codelco's chairman emphasized the need to prioritize exploration and investment within the company's 2.3 million hectares of mineral resources [1] - BHP has a unique advantage in exploring the project and can invest up to $40 million in exploring and studying the mining potential of the asset [2] Group 3 - BHP's CEO highlighted the importance of copper in driving economic development, decarbonization, and digitalization [2] - The contract will include a commitment to collaborate with Codelco on project development if a sustainable business case is established [2] - If the application is unsuccessful, the research and information obtained will become the property of Codelco [2]