The Escondida Porphyry Copper Deposit, located in Chile's II Region 160 Km to the southeast of the city of Antofagasta, is currently owned by Minera Escondida Limitada, a company comprising The Broken Hill Proprietary (57.5%), Rio Tinto Zinc (30%) a group of Japanese companies represented by Mitsubishi Corporation (10%), and the International Financing Corporation of the World Bank (2.5%) (Fig.l) By 1983, most of the reconnaissance drilling was completed and prefeasibility studies were regularly updated as new drilling results were reported and project concepts re- evaluated (Fig.2). In October 1982 the project was transferred from Exploration Management to Operations. By the end of 1984 project pre-development activities, including inpit development drilling, geological exploration, water resource definition, an underground bulk sampling program and the initial project feasibility report, were completed.