en.Wedoany.com Reported - Sierra Gorda SCM and Spence signed a Memorandum of Understanding within the framework of the 2026 Exponor Fair, aimed at identifying and evaluating technical and commercial cooperation opportunities to enhance the efficiency and competitiveness of their respective operations.

The agreement lays the foundation for innovative collaboration between two companies operating adjacent to each other in the same mining district (the town of Sierra Gorda, Antofagasta Region). This area is one of Chile's most important copper mining hubs. Both companies stated that they will maintain a dialogue mechanism to analyze cooperation options in areas such as supply and other operational processes, jointly addressing challenges and seeking shared solutions.

Dee Lingenfelder, President of BHP's Pampa Norte, stated that the agreement is a significant step in strengthening the relationship between Sierra Gorda SCM and Spence, helping to identify opportunities that can contribute to creating long-term sustainable outcomes for the companies, while also consolidating ties with the region through collaborative work within the area. Marcelo Bustos, CEO of Sierra Gorda SCM, noted that the agreement allows both parties to advance the evaluation of initiatives that could generate efficiencies in specific areas, while maintaining each company's focus on safe and sustainable operations. He added that low-grade mining is viable and profitable, and deepening this model requires more dialogue and cooperation.

Following the signing, the two companies will continue to exchange information and analyze identified opportunities, while complying with applicable regulations.

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