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MINER'S RIGHT
BHP and Rio Tinto are planning an $8 billion copper upgrade
BHP’s changing focus from paying generous dividends for today’s shareholders to growth for tomorrow's is likely be dominated by an US$8 billion investment in the giant Escondida copper mine in Chile to achieve a modest increase in annual production.
While ranking as one of the biggest single projects ever undertaken by the Australian-based miner the forecast internal rate of return on the next phase of Escondida's life is an attractive 20%, effectively...
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