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CVRD to pay US$50.9 million for 50% stake in copper deposit

BRAZILIAN mining giant CVRD, the world's number one iron producer, has agreed to buy Anglo Americ...

Greg Tubby

CVRD said the US$50.9 million acquisition would enable it to give priority to prefeasibility studies in order to start production by 2007. Salobo, designed to produce 200,000 tonnes a year of copper...

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