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Copper miner, Vale strike deal

from Sudbury Star

KGHM, Europe's number two copper producer, said recently its Canadian unit signed a deal to sell all of its ore produced from its Sudbury mines to Vale for some $1.13 billion over five years. Vale, the world's second-largest nickel producer, will process the metals at its Clarabelle mill in Sudbury. Vale will also receive a 2.25 per cent net smelter fee on all future production from the project, KGHM said. more


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