Deals
Miners Cozying Up With Rivals to Endure Commodity Turmoil
- Chilean joint venture may reduce expenditures by billions
- Teck calls Goldcorp mine-development tie-up `common sense'
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Mining companies have a new way of surviving the commodity meltdown: getting into bed with each other.
Goldcorp Inc. and Teck Resources Ltd. said Thursday they are combining two copper-gold projects in Chile. A month earlier Barrick Gold Corp. brought in Antofagasta Plc as a 50 percent partner at its Zaldivar copper mine.