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CVRD to pay US$42.5 million for Phelps' copper mine stake

BRAZILIAN iron ore behemoth CVRD has said it will pay US copper giant Phelps Dodge US$42.5 millio...

Greg Tubby

Gaining full control of mine owner Mineracao Serra do Sossego, formed as a 50:50 joint venture between Phelps and CVRD in 1998 to develop the mine, is part of CVRD's strategy to pursue copper production...

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