During the Exponor 2026 event in Antofagasta, Chilean copper mining companies Sierra Gorda SCM (KGHM 55%/South32 45%) and BHP’s Spence signed a Memorandum of Understanding (MoU) with the purpose of identifying and evaluating opportunities for technical and commercial collaboration aimed at improving the efficiency and competitiveness of their respective operations.
The agreement lays the groundwork for innovative cooperation between neighbouring companies in the same mining district, based on the proximity of both operations in the municipality of Sierra Gorda, Antofagasta Region, one of the most important copper-producing areas in the country.
The parties will maintain dialogue to analyse collaboration alternatives in areas such as procurement and other operational processes, addressing common challenges and shared solutions.
“We see this agreement as an important step in strengthening the relationship between Sierra Gorda SCM and Spence. This approach allows us to identify opportunities that will contribute to long-term sustainable results for our company, but also to consolidate our relationship with the region by working collaboratively in the area,” said Dee Lingenfelder, President of BHP’s Pampa Norte, which includes the Spence and Cerro Colorado operations.
For his part, Marcelo Bustos, CEO of Sierra Gorda SCM, stated: “This agreement allows us to move forward in evaluating initiatives that can generate efficiencies in specific areas, while maintaining a focus on the safe and sustainable operation of each company. We are convinced that low-grade mining is viable and profitable, and to further develop it, more dialogue and collaboration are required, just as we are doing.”
Following the signing, the companies say they will continue to exchange information and analysis of the identified opportunities, in accordance with applicable regulations.
The post Spence and Sierra Gorda copper mines sign collaboration MoU appeared first on International Mining.