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EYEBROW

29 September 2017
Test edition
Test edition

Summary of this Test edition

EYEBROW

26 September 2017

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Perth Mint plans gold-backed ETF listing on NYSE

Investors could exchange shares for physical gold

"J&L is therefore one of the largest undeveloped gold mineral resources"

Golden Dawn announces updated resource of more than 2.4Moz AuEq

Further confirmation of Snip's high grades

Skeena hits 3.82m at 91.56g/t gold

"I want to take you where the puck is going to go, not where it is"

Sprott resources investment guru Rick Rule sticks more or less to a well-worn Wayne Gretzky line

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Copper > Copper-news

Codelco seeks staff for underground expansion

The world’s largest copper producer, Chile’s Codelco, is starting the process to employ people for the US$4 billion transformation of its massive openpit Chuquicamata copper mine to an underground operation.

Staff reporter

Copper > Copper-news

Codelco seeks staff for underground expansion

The world’s largest copper producer, Chile’s Codelco, is starting the process to employ people for the US$4 billion transformation of its massive openpit Chuquicamata copper mine to an underground operation.

Staff reporter

Codelco seeks staff for underground expansion

Copper major set to transform Chuquicamata

Local media report the state-owned company will accept applications from today from people interested in working on the project.

The miner describes Chuquicamata as the largest openpit mine in the world. The underground expansion, which was originally approved in 2015, is expected to extend its life by at least 40 years.

Codelco generated $1.6 billion in the third quarter, exceeding its target of $254 million more than six-fold.

Its direct cost was 131.8 cents per pound which it said was 9% lower than the industry average.

CEO Nelson Pizarro said at the time that lessons learnt in 2015-16 had instilled cost austerity and productivity "in our DNA" which allowed the company to be competitive beyond the vagaries of the copper price.

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