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Friday, May 9

Forbes / AP Peru sells off last state mine for $1 mln: "Morococha, located high in Peru's central Andes, has proven and probable mineral reserves of 400,000 tonnes, with 0.5 percent copper, 2.1 percent lead, 6.7 percent zinc and 182 grams per tonne of silver. The mine's concentrator has a capacity to treat 1,400 tonnes of ore a day." From the 1970s until recently, the state had been the main mineral producer in the country. Morococha is a legendary name in Peruvian mining, part of the old Cerro Corporation that was expropriated by the Velasco military government.



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