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BHP Vicuna capex seen rising above $7B-$8B estimate

Market talk says the Vicuna copper project budget BHP is developing with Lundin Mining is likely to rise above the current phase-one estimate of $7 billion-$8 billion, Barclays reports after an analyst roundtable with BHP’s CEO and CFO.

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The budget for the Vicuna copper project BHP is developing with Lundin Mining is likely to rise above the current phase-one estimate of $7 billion-$8 billion, Barclays said after an analyst roundtable with BHP's CEO and CFO. Barclays said the discussion made clear that a higher figure is likely.