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You seem to want it both ways...one minute saying there will be...

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happy Hippy

5,651 Posts.

45

07/09/16

15:10

Post #: 18996315
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Originally posted by Kalenn ↑

From the article you quote above,

"The decision to revive Los Colorados expansion comes less than a week after Escondida reported a significant drop in output for the first three months of 2016, causing profits to sink 47% to $265 million compared to the same period last year. Mine revenues also plummeted to about $1.4 billion from $2 billion in the same period last year, among weak prices for the industrial metal.

BHP, already the world's second-biggest listed copper miner, recently decided to raise its annual exploration spending by 29%, allocating nearly all its $900 million budget to finding new copper and oil deposits. The mining giant is committed to made of those two commodities the pillars of its future growth."

Have you wondered why they are ramping up copper exploration?

I think there is a real move to clean up corruption in Brazil, in any event, AVB have managed to navigate that evil so far.

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You seem to want it both ways...one minute saying there will be a shortage then now admiting that BHP etc are ramping up exploration and as the article from which you have selectively quoted goes on to suggest production as well.
We are but a minnow.

AVB Price at posting: 5.0¢ Sentiment: Sell Disclosure: Held
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0 Great analysis

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