Codelco and BHP launch joint exploration of Proyecto Anillo in northern Chile

Chilean state miner Codelco and BHP have agreed to begin exploration of Proyecto Anillo, a new mining initiative in northern Chile, following an agreement signed during London Metal Exchange Week. The move deepens geological knowledge of the area and signals potential future copper supply, though no resource estimates or production timelines are disclosed. This is a notable collaboration between the world's largest copper producer and a major global miner, with implications for copper supply and mining investment in Chile.

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