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Majors back Escondida revamp

BHP Billiton and Rio Tinto are backing copper in a move to refurbish a smelter at their jointly-owned Escondida operation in the Atacama Desert of Chile.

Majors back Escondida revamp Majors back Escondida revamp Majors back Escondida revamp Majors back Escondida revamp Majors back Escondida revamp

Escondida could produce 1.2Mtpa of copper once the smelter revamp is complete

The diversified miners are pulling out of investments and shelving projects in various metals and minerals, but both have pledged to boost their red metal spend on expectations of the market moving

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