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Copperprices werehighat the time. The investment looked certain to pay off. Thencopperprices dropped from a five-year peak of around $3.30 per pound in early June to $2.75 or so a month later. All of a sudden, investing $200 million to expand Bagdad no longer seemed practical.

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Nov 25, 2019· The Escondidacopper minein Chile's Atacama desert is jointly owned by BHP (57.5%), Rio Tinto Corp. (30%), and Japan Escondida (12.5%). In 2012, the massive Escondidamineaccounted for 5% of total globalcopper mineproduction.   Gold and silver are extracted as by-products from the ore.

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