RE:Happy New Year, Mr. Henry BHP's Need for Copper Prompts Speculation
At Escondida, the world’s largest copper mine, BHP has some problems: ore grades are declining, the rock is getting harder and a $5bn concentrator needs to be replaced. The company will also have to spend as much as $10bn to upgrade the facilities over the next seven years.
In November 2024, Mike Henry hinted at a need for new acquisitions.