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Output from the world's largest copper mine, Chile's Escondida, jumped 18% in H1 vs. the...

Output from the world's largest copper mine, Chile's Escondida, jumped 18% in H1 vs. the year-ago period, to ~533K metric tons on higher ore grades, mine activity and cathode output. But the result is a bit deceiving, as 2011 output was depressed at decade-low levels. Escondida, 70% owned by BHP and 30% by RIO, extracts ~7% of the world's copper.
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Comments (1)
  • TwistTie
    , contributor
    Comments (2476) | Send Message
     
    I love reading about mining activity because I own RIO stock.

     

    Unfortunately, I have no idea whether this is good news, bad news, or just a meaningless statistic.

     

    Does anybody have a clue?
    18 Aug 2012, 09:42 AM Reply Like
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