BHP to pay $840 million for early end to thermoelectric contract in Chile

Chilean copper mines Escondida and Spence, controlled by BHP, will jointly pay $840 million for an early end to a contract signed in 2008 with a coal-fired thermoelectric plant in the north of the country. BHP has been migrating its energy contracts to renewable sources to reduce its carbon footprint. In a letter to the local securities regulator, power company AES Gener said that the end of the agreement signed with its Angamos plant was modified to August 2021. The coal-burning contracts had been scheduled to end in 2026 at Spence and 2029 at Escondida.

Source: Hellenic Shipping News