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Chile Sold Used Mining Equipment

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Dealers of used mining equipment, ... used equipment dealers stockpile in rebound bet. ... South America unit said Chile’s mining industry used to buy 280 to 300 ...

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“We’re being flooded with machinery,” said Eduardo Bennett, business manager for Chilean used equipment seller Copal. The equipment glut is depressing prices as much as 20 percent, Bennett said. A used 20-ton Komatsu Ltd bulldozer that sold for nearly $130,000 a few years back, now leaves the lot for $100,000, for example.

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