This is what’s in the news for Tuesday February 14, 2012. The Wall Street Journal reports BHP Billiton (NYSE:BHP) and its partners will make about $4B of investments in copper mines in Chile and Arizona as they seek to cash in on prices that have climbed to about $8,500 a ton after a slight downturn last year. The Wall Street Journal also reports Xstrata (NYSE:XSRAY) wants to sell 20% of its 75% of the proposed $6.4B Wandoan project in Australia that expects to be a key supplier of Asian power generators. Reuters reports that a bid of about $30B for Shire (NYSE:SHPGY) could emerge as the major deal among European pharmaceutical firms this year, in a market otherwise expected to be mostly bolt-on acquisitions. Finally, Bloomberg reports GM (NYSE:GM) is poised to receive approval to build a $1.1B factory in China, according to a provincial government statement.