BHP, Rio Tinto Plan to Raise Capital Spending From Decade Lows

  • BHP, Rio have $12 billion of projects underway or to approve
  • Better outlook ahead in copper to oil markets: BHP CEO
Photographer: Carla Gottgens/Bloomberg

The world’s two largest mining companies are planning to raise capital expenditure from decade lows as a firming rebound in commodity prices paves the way for at least $12 billion of growth projects.

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