Mining requires massive investment to meet demand - BHP

The head of diversified miner BHP, Mike Henry, has highlighted the massive investment required in the resources sector to meet global decarbonising efforts. Speaking at the Bank of America 2023 Global Metals, Mining & Steel Conference, in Barcelona, Henry said that based on the company’s estimates of a plausible upside case of a 1.5 degree scenario, the industry could require around a quarter of a trillion dollars in growth capital by the end of the decade, or $250-billion over the next six or seven years.