The Clap Multinational mining, metals & petroleum company BHP (NYSE: BHP) said it wants to expand investments in Chile, but only if the country can provide “fiscal stability & legal certainty.”
Backstory Chile is the world’s biggest copper producer, supplying almost 25% of the world’s copper. The South-American country just elected a new government that could potentially increase mining-associated fees to fund other social programs.
Now BHP, along with several copper miners, has paused investment decisions in the country.
More on BHP BHP is one of the world’s top producers of commodities, including iron ore, copper, nickel & steelmaking coal.