Selling the BHP Billiton Mining Copper Co., Ltd. In Chile, the private sector investor

With $ 230 million in cash and about $ 40 million in revenue from the sale of copper in the Cerro Colorado copper mine, a $ 50 million probable future payment has been made.

An agreement with EMR Capital is the end of a long-term search for a buyer for the mine.

Mining operations in Mining BHP Billiton Ltd. In chile

The group also has mines such as Spence and also 57.5% of the Escondida mine in the Atacama Desert.

In the fiscal year 2017, the Cerro Colorado mine produced 64,700 tons of copper cathode, compared to 232,000 tons of cathode production and 539,600 tons of copper available in the Escondido mine and 600,000 and 189,000 tons of cathode produced in The Spence mine is negligible.

In August last year, the board of directors BHP Billiton Ltd. Has approved a $ 2.46 billion investment to develop the Spence mine to increase its mines production.

The useful life of this mine is estimated to be over 50 years.

BHP considers copper a valuable asset, but the group has focused on large and long-term mining operations.

The Cerro Colorado Mine will endorse the government until 2030.