Codelco and BHP Agree to Invest up to US$40 Million in Anillo Exploration

On 26 October, Codelco confirmed an exploration agreement with BHP for the Anillo project in Chile’s Antofagasta Region, allowing investment of up to US$40 million in geological studies, geophysical surveys and drilling. The property covers approximately 24,000 hectares and remains at an early exploration stage, so the amount is an exploration ceiling rather than a mine-development budget; mining operators and suppliers can explore geological-data processing, predictive maintenance and supply-chain analytics, while HPC can support complex modelling with a tailored quotation.

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