Thursday, September 25, 2014

Chile sees $105bn mining investment in next decade

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Friday 26 September 2014
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The massive figure includes a recently announced $23.5 billion for state-owned copper miner Codelco to revamp century-old mines that are running out of profitable ore.

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For thousands of years of development as a species, humans never really needed to understand the real meaning behind big, unreachable numbers such as billions or trillions.

CEO Andrew Mackenzie's pay package is already only half that of his predecessor.

Warsaw has promised industry support.

The business group argues the sector must be nurtured to generate the revenues needed for the country's economic diversification.

U.S. federal court won't make a final decision until at least January 2, 2015.

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Bubble chart shows heavy reliance on iron ore and oil for revenues and profits post demerger.

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Despite ever shrinking demand, coal remains the largest source of fuel for electric generation in the United States.

An average nickel price of US$20,000 per tonne has been forecast for Australian nickel producers in 2015 – but the sector has been urged to keep its grass roots focus on untapped potential nickel discoveries in Australia, rather than overseas.

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