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14/02/2012 - 07:46

BHP and Rio spend $US4b on Escondida

14/02/2012 - 07:46

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BHP Billiton and Rio Tinto together will spend $US4 billion ($A3.75 billion) to increase production at the Escondida copper mine in Chile.BHP holds a 57.5-per-cent interest in Escondida and operates the mine, while Rio holds a 30-per-cent stake.

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