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Rio approves $139 million development at Northparkes

ANGLO-Australian miner Rio Tinto today gave the greenlight for Northparkes Mines' Lift 2 project to go ahead at its E26 underground copper-gold mine near Parkes in New South Wales.

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The E26 Lift 2 has an ore reserve of 25 million tonnes grading 1.2% copper and 0.48 grams per tonne gold and is planned to be developed between 2001 and 2003. Rio said approval for development of the...

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