BHP Billiton plans to put US$327 million based on findings near their Escondida copper mine in Chile. BHP noted that its total production of copper at Escondida is 1.4 million tonnes. Drilling at the prospect, which is called Pampa Escondida, showed that it “contains at least 1 billion tonnes of porphyry-style mineralisation”, BHP said, noting [...]
The world’s largest miner, BHP Billiton, had strong quarterly results for copper. The world’s biggest copper mine, Chile’s Escondida, however, sends warning of an impending decline. BHP has been running its mines and refineries around the world hard amid strong demand in China and across much of Asia for raw materials and analysts expect [...]
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