BHP Billiton to Build Replacement Concentrator at World’s Largest Copper Mine, an Industrial Info News Alert
CORDOBA, ARGENTINA–(Marketwire – August 25, 2008) – Researched by Industrial Info Resources (Sugar Land, Texas) — BHP Billiton (NYSE:BHP) (Melbourne, Australia) is planning to build a new concentrator at the Escondida mine, the world’s largest copper mine. BHP is the main owner and operator of the mine, holding a 57.5% stake. Rio Tinto PLC (NYSE:RTP) (London) holds 30% while 10% is held by a Japanese consortium led by Mitsubishi Corporation (PINKSHEETS:MSBHY) (Chiyoda, Tokyo). The remaining 2.5% is held by the International Finance Corporation (Washington, D.C.).
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