04.09.2014 - BHP, Rio reveal $US800 million ‘secret’ copper stash
BHP Billiton and Rio Tinto could earn as much $US800 million between them for at least three years when they unlock a "secret" 200,000 tonnes of copper at their Escondida copper mine in Chile, Deutsche Bank says. Deutsche mining analyst Paul Young says Rio and BHP are likely to tell the market in the next six months they have scrapped their plan to tear down one of the two operating plants at Escondida, called Los Colorados. The mining giants had planned to dismantle the plant when a third big plant, the $US3.8 billion concentrator OGP1, was brought online at the mine in the March quarter next year...............................................Full Article: Source
Print