HIGH-GRADE NI-CU-PT-PD-ZN-CR-AU-V-TI DISCOVERIES IN THE "RING OF FIRE"

NI 43-101 Update (September 2012): 11.1 Mt @ 1.68% Ni, 0.87% Cu, 0.89 gpt Pt and 3.09 gpt Pd and 0.18 gpt Au (Proven & Probable Reserves) / 8.9 Mt @ 1.10% Ni, 1.14% Cu, 1.16 gpt Pt and 3.49 gpt Pd and 0.30 gpt Au (Inferred Resource)

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Message: OT: Nice to see the little guy get a piece of the pie for a change...
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Big pit, big bonus: Codelco gives every Chuquicamata worker $35,475

Frik Els | December 17, 2012
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  • State-owned Codelco has been riding high this year on the back of a robust copper price which should average above $3.50 a pound in 2012 and a win against rival Anglo-American following a bitter court battle over ownership of the flagship Los Bronces mines and plants.

    Codelco CEO Thomas Keller said output could reach around 1.7 million tonnes for this year and in 2013 could push a record 1.8 million tonnes, thanks to a $5 billion commitment to the company's copper operations.

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