Billiton wins mining contract.

LIMA --British group Billiton, one of the largest mining and metal-producing Firms in the world, bought the La Granja copper mine in Peru for $15 million plus one dollar - a dollar more than the minimum bid. Billiton was the only bidder after Grupo Mexico decided not to participate in the auction. Investment in La Crania will total reach $600 million during the First three to four years. Total investment could eventually reach $ 2 billion. Work is slated to begin as soon as the Final contract is signed in December.