BHP stock price rises as miner files $5 billion Escondida plan, advances Arizona copper project
BHP shares closed up 1.1% after the company filed for environmental approval to build a $4.4–$5.9 billion copper concentrator at Escondida in Chile and advanced its Resolution Copper project in Arizona. Resolution, owned with Rio Tinto, secured 2,400 acres for development but faces opposition from Native groups. Copper accounted for 51% of BHP's operating earnings in the latest half, overtaking iron ore.