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Gold/Mining/Energy : Mining News of Note -- Ignore unavailable to you. Want to Upgrade?

To: LoneClone who wrote (27068)	10/8/2008 7:21:47 PM
From: LoneClone	Read Replies (1) \| Respond to of 193970

New concentrator planned for BHP's Escondida project theaustralian.news.com.au BHP Billiton has submitted an environmental impact study for a planned expansion of its Escondida copper joint venture in Chile. The $US3.25 billion expansion ($4.5 billion) includes the construction of an extra concentrator plant at the mine to increase mineral sulphide processing capacity by about 175,000 tonnes a year, with the aim of maintaining metal output as the ore grade at the mine decreases. Once necessary approvals have been received BHP hopes to approve the expansion by the end of 2009 and start operations in the second half of 2012. BHP has a 57.5 per cent stake in Escondida, which is the world’s biggest copper mine, alongside partners Rio Tinto with 30 per cent, Mitsubishi Corp with 10 per cent and the International Finance Corp, a unit of the World Bank, with 2.5 per cent.