Goldcorp, Teck to combine Chile projects into massive 50/50 JV

Gold major Goldcorp and Canadian diversified miner Teck Resources will combine their El Morro and Relincho projects, in Chile, to leverage increased financial returns and dramatically reduce capital expenditure. The miners announced on Thursday that both companies would contribute their separate project interests, located about 40 km apart in the Huasco province, in the Atacama region of Chile, into a 50/50 joint venture, which would be temporarily named Project Corridor.