In this illustration, small toy figure and mineral imitation are seen in front of the BHP logo.
Rag Udd, who heads up the company in the Americas, said on Tuesday at the Perumin mining conference that BHP wants to expand its presence in Peru through exploration of new projects.
A copper producer and BHP is part-owner of one of its largest copper mines, Antamina.
Udd said that BHP will invest $12 million on exploration in the next 10 months and that it is evaluating six potential projects.
Udd said he is optimistic about the future demand for copper because of an energy transition away from fossil fuels despite falling prices in recent months.
Peru has the potential to unleash a new positive cycle, according to Udd, who said the country has maintained stable macroeconomic fundamentals in recent years.
BHP is also the operator of the world's largest copper mine, known as Escondida, located in Chile.