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CUU own 25% Schaft Creek: proven/probable min. reserves/940.8m tonnes = 0.27% copper, 0.19 g/t gold, 0.018% moly and 1.72 g/t silver containing: 5.6b lbs copper, 5.8m ounces gold, 363.5m lbs moly and 51.7m ounces silver; (Recoverable CuEq 0.46%)

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Message: Glencore Has Fired The Starting Gun
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Schaft Creek aside. I do feel Glencore is trying to wrap their thermal coal business with Teck's coking coal business even though Glencore produces some coking coal as well. 

 

I do remember that when Australia had issues with China.  Teck benefited by selling some of their coking coal at higher market prices.

 

 

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