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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: China moving into commodity trading
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A Chinese bank has been approved for trading in the LME for the first time ever. The Chinese are moving forwards from being the worlds largest consumer of metals to taking an active role in profiting from trading on their consumption. Anyone worried about a slow down of the Chinese economy should take note that the Chinese themselves are trying to get in the game of commodity trading.

"It is an area with huge potential. The volume is simply too big," he added.

http://www.chinadaily.com.cn/cndy/2012-04/26/content_15143616.htm

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