---
title: "Anglo American urges faster permits in Chile to close copper supply gap"
description: "Anglo American's Chile CEO, Patricio Hidalgo, emphasized the need for faster permitting processes in Chile to address an anticipated copper supply gap. President Gabriel Boric has promised to reduce p"
type: "news"
locale: "en"
url: "https://longbridge.com/en/news/235096229.md"
published_at: "2025-04-08T22:55:10.000Z"
---

# Anglo American urges faster permits in Chile to close copper supply gap

> Anglo American's Chile CEO, Patricio Hidalgo, emphasized the need for faster permitting processes in Chile to address an anticipated copper supply gap. President Gabriel Boric has promised to reduce permitting timelines, but reforms are still under discussion. Hidalgo highlighted the expected demand for copper by 2040, equating it to the output of 80 Los Bronces mines. He also mentioned potential partnerships, like the recent agreement with Codelco to share infrastructure, which could boost production by 120,000 metric tons annually.

By Fabian Cambero and Daina Beth Solomon

SANTIAGO, April 8 (Reuters) - Chile needs to speed up its permitting processes to help copper mining expand ahead of a large supply gap expected in the coming years, Anglo American (AAL.L) Chile CEO Patricio Hidalgo said on Tuesday.

Chilean President Gabriel Boric has pledged to cut the permitting timeline by a third, yet a reform that would streamline the process is still under debate in Congress.

Numerous mining companies in Chile, which supplies about a quarter of the world’s copper, have urged a swift passage of the initiative.

Anglo American, one of the world’s biggest miners that was a takeover target of bigger rival BHP (BHP.AX) last year, in Chile operates Los Bronces and owns 44% of Collahuasi, two major copper mines.

Hidalgo said demand for copper in 2040 was expected to be as large as 80 Los Bronces mines due to the needs of the energy transition, emerging economies and digitalization. Los Bronces produced 172,000 metric tons of copper in 2024.

“When one sees this demand or this structural gap that will occur in the copper market, we need much more agility to bring copper to the market,” he said.

He also noted the potential for partnerships to help maximize production, such as Anglo American’s recent agreement to share infrastructure at Los Bronces with the neighboring Andina mine owned by state-run copper miner Codelco.

The deal, which aims to increase production by 120,000 metric tons a year, was referenced by Freeport-McMoRan (FCX.N) CEO Kathleen Quirk at the CRU copper conference in Santiago on Tuesday.

“We need to do more of those types of deals where we’re sharing essentially,” she told the conference.

Hidalgo said he saw potential for further infrastructure sharing deals in Chile.

“When you look at the Andean corridor … you see all the potential synergies. This is a call to challenge certain paradigms in the sector.”

### Related Stocks

- [AAL.UK - Anglo American plc](https://longbridge.com/en/quote/AAL.UK.md)

## Related News & Research

| Title | Description | URL |
|-------|-------------|-----|
| 钻石崩盘，戴比尔斯要被 “卖到非洲” 了 | 受市场寒冬与人造钻石冲击，全球钻石巨头戴比尔斯戴比尔斯面临被出售。其大股东英美资源集团正加速剥离该资产，博茨瓦纳、安哥拉等非洲国家政府意欲增持或收购股份，最终买家极大概率是由非洲政府与私人资本组成的财团。 | [Link](https://longbridge.com/en/news/275380431.md) |
| 随着与 Teck 的合并逐步接近，英美资源集团实现年度盈利 | 英美资源集团（Anglo American PLC）报告 2025 年税前利润为 8.83 亿美元，较 2024 年的 13.6 亿美元亏损有所恢复，随着其与 Teck Resources 的合并进展。该公司将最终股息削减 27% 至 0. | [Link](https://longbridge.com/en/news/276423487.md) |
| “有组织控制了全球三分之一的超级油轮” | 韩国 Sinokor 集团已控制约 120 艘超大型油轮，占可用船队近三分之一，规模前所未见。背后浮现地中海航运创始人 Gianluigi Aponte 身影。这场收购引发市场恐慌，运费创 30 多年来最强开局。油轮订单随之增至十年新高。 | [Link](https://longbridge.com/en/news/276059635.md) |
| 康斯托克资源｜10-K：2025 财年营收 22.2 亿美元超过预期 |  | [Link](https://longbridge.com/en/news/276369088.md) |
| 缺电、缺水、缺人还抢地！美国数据中心建设狂潮面临阻力 | 科技巨头掀起的数据中心基建狂潮正遭遇严峻 “现实墙”：从电网容量、水资源瓶颈到技术工人短缺，执行风险急剧上升。亚马逊等巨头以惊人高价抢地，直接挤压住宅开发，甚至斥资 7 亿美元购入原定建房的地块。这场资源竞赛不仅推高了运营成本，更可能拖累  | [Link](https://longbridge.com/en/news/276290793.md) |

---

> **Disclaimer**: This article is for reference only and does not constitute any investment advice.