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Minas-Rio costs soar 15% to $5.78 billion

Anglo American (LON:AAL) has increased the capital expenditure budget for its largest project in development, the Minas-Rio iron ore mine in Brazil, by 15%, the London-listed major miner announced on Tuesday. That takes the capex for the project up to US$5.78 billion.

Peregrine increases ownership in Chidliak diamond project to 100%

Peregrine Diamonds Ltd. ("Peregrine" or "the Company") is pleased to report that it has entered into a binding agreement with BHP Billiton to purchase BHP Billiton's 51 percent participating interest in the 8,580 square kilometre Chidliak diamond project ("Chidliak" or "the Project"), Baffin Island, Nunavut, Canada.