Canada's Goldcorp, Teck team up to develop Chile mine projects

Goldcorp Inc , the world's most valuable gold miner, and diversified miner Teck Resources Ltd said on Thursday that they have agreed to form a joint venture to combine and develop neighboring projects in Chile. In a move that will cut development costs as metal prices languish at multi-year lows, Goldcorp will combine its El Morro project with Teck's Relincho project. A preliminary economic assessment plans a conveyor to transport ore from the El Morro to a single line mill at Relincho.