I think that will explain the rush...
BHP Billiton Announces Massive Copper Find In Chile
23/07/2008 1:30PM
SANTIAGO (AFP)--British-Australian mining giant BHP Billiton (BBL) announced Tuesday a new copper find near its Minera Escondida mine in northern Chile, a vein estimated to yield at least one billion tons of the valuable metal.
"In order to properly and rapidly evaluate identified exploration targets, decisions were recently made to aggressively expand the exploration and development drilling program" in the area, the company said in a report.
The new Pampa Escondida project, as it is called, was discovered during extensive exploration of the area begun in recent years, it said.
"Drilling to date suggests that Pampa Escondida contains at least one billion metric tons of porphyry style mineralization," the report added.
The BHP Billiton finding follows last Thursday's announcement by Chilean state-run mining group Codelco, the biggest copper producer in the world, of a copper find called "Casualidad" with an estimated yield of 300 million tons.
Minera Escondida is the world's biggest copper mine, which produced a record 6.5 billion dollars of copper last year.
Chile is the world's biggest producer of copper, which is used for electrical wiring and plumbing.
Click here to go to Dow Jones NewsPlus, a web front page of today's most important business and market news, analysis and commentary: http://www.djnewsplus.com/al?rnd=QA5Or9%2BdFTmIOp%2FOWRu4fw%3D%3D. You can use this link on the day this article is published and the following day.
(END) Dow Jones Newswires
July 22, 2008 23:30 ET (03:30 GMT)
Copyright (c) 2008 Dow Jones & Company, Inc.
- Forums
- ASX - By Stock
- BHP
- green finish
green finish, page-4
-
- There are more pages in this discussion • 3 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add BHP (ASX) to my watchlist
(20min delay)
|
|||||
Last
$44.86 |
Change
0.280(0.63%) |
Mkt cap ! $227.6B |
Open | High | Low | Value | Volume |
$44.84 | $44.97 | $44.64 | $269.9M | 6.022M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 2500 | $44.81 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$44.86 | 13130 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 2500 | 44.810 |
1 | 88 | 44.800 |
1 | 2500 | 44.790 |
6 | 204436 | 44.780 |
1 | 2500 | 44.770 |
Price($) | Vol. | No. |
---|---|---|
44.860 | 13130 | 1 |
44.880 | 3836 | 3 |
44.890 | 5408 | 2 |
44.900 | 22529 | 8 |
44.910 | 46 | 1 |
Last trade - 16.10pm 07/10/2024 (20 minute delay) ? |
Featured News
BHP (ASX) Chart |