LONDON-- BHP Billiton PLC (BLT.LN) Thursday said it has approved capital expenditure of $2.46 billion to extend the life of its Spence copper mine in northern Chile by more than 50 years.

Shares at 0808 GMT, up 11 pence, or 0.8%, at 1,379 pence valuing the company at GBP29.11 billion.

-Write to Rory Gallivan at rory.gallivan@wsj.com; Twitter: @RoryGallivan

(END) Dow Jones Newswires

August 17, 2017 04:23 ET (08:23 GMT)

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