trending Market Intelligence /marketintelligence/en/news-insights/trending/yd_B86LdnLggRWU-qL2DHQ2 content
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

In This List

BHP flags US$780M hit to switch Chilean copper mines to renewables from coal

Greenhouse gas and gold mines Nearly 1 ton of CO2 emitted per ounce of gold produced in 2019

Essential Metals & Mining Insights - September 2020

Q2: U.S. Solar and Wind Power by the Numbers

Essential Energy Insights - September 17, 2020

BHP flags US$780M hit to switch Chilean copper mines to renewables from coal

BHP Group signed new power supply contracts for its Spence and Escondida copper mines in Chile, which the company expects will cut energy costs by up to 20% and displace up to 3 million tonnes of carbon dioxide emissions, it said Oct. 21.

In its results for the six months ending in December, the company will make a provision of about US$780 million due to canceling existing coal contracts for the mines, Reuters reported.

The company awarded a tender to ENEL Generación Chile to supply 3 terawatt-hours per year for 15 years starting in August 2021 and for Colbún to supply 3 terawatt-hours per year for 10 years beginning in January 2022. The two mines will fully source their power from renewable energy sources in the mid-2020s.

"These new renewable energy contracts will increase flexibility for our power portfolio and will ensure security of supply for our operations, while also reducing costs and displacing [carbon dioxide] emissions," BHP Minerals Americas President Daniel Malchuk said.

In July, BHP pledged a US$400 million investment over five years to develop technologies to cut greenhouse gas emissions from its operations and those generated from the use of its resources.

Meanwhile, a 1,000-liter-per-second water desalination plant at the Spence mine is targeted to go online in 2020, which will reduce its reliance on aquifer-drawn water for operations.