BHP, Rio To Sink $3B Into Chilean Water Desalination Plant

Law360, New York (July 25, 2013, 4:50 PM EDT) -- Australia-based BHP Billiton Ltd. and other owners of one of Chile's largest copper mines on Thursday greenlighted an investment of nearly $3 billion for a new seawater desalination plant, a project that will cut down on reliance on local resources as water use increases at the mine's construction site.

The company said it has approved $1.97 billion for the facility to support continued work at the Escondida mine, joining an announcement by co-owner Rio Tinto PLC that it would provide approximately $1 billion to the project....
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