BHP, Rio approve $4.5bn Escondida investment

Mining peers BHP Billiton and RIo Tinto have both approved a major investment to ramp up production at the Escondida project in Chile worth over $4.5bn.

Mining peers BHP Billiton and RIo Tinto have both approved a major investment to ramp up production at the Escondida project in Chile worth over $4.5bn.

Escondida is 57.5% owned by BHP, 30% owned by Rio, while JECO Corporation has a 10% stake and JECO 2 owns 2.5%.

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