SANTIAGO, Aug 13 (Reuters) - The head of BHP-controlled
Escondida, the world's largest copper mine, on Thursday urged
Chilean authorities to provide legal, regulatory and tax
certainty to help copper mining projects move forward,
underscoring global demand for the red metal.
Alejandro Tapia, head of Escondida, which is located in
northern Chile, spoke at an industry event.
* BHP expects global copper demand to nearly double
by 2050 to around 50 million metric tons a year, requiring major
investment to expand and maintain supply, he said.
* "To attract this investment, we need certainty: legal,
regulatory, tax certainty, and permitting processes that are
predictable," Tapia said.
* Tapia said Chile's mining industry faces steep challenges,
including aging deposits, deeper mines, rising costs and more
complex ore, all of which are eroding productivity at existing
operations.
* He welcomed recent government moves to speed up project
approvals and improve certainty for investors, including new
legislation on sectoral permits.
* BHP was not calling for weaker environmental rules, Tapia
said.
* "We are not seeking a more lax environmental system,"
Tapia said. "What we want is predictability so we can keep
moving forward."
* BHP has an investment pipeline of about $10 billion at
Escondida over the next seven to eight years, including a new
concentrator expected to cost more than $5 billion.