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Chase Bank Limits Cash Withdrawals, Bans International... Before you read this report, remember to sign up to http://pennystockpaycheck.com for 100% free stock alerts Chase Bank has moved to limit cash withdrawals while banning business customers from sending...

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Richemont chairman Johann Rupert to take 'grey gap... Billionaire 62-year-old to take 12 months off from Cartier and Montblanc luxury goods groupRichemont's chairman and founder Johann Rupert is to take a year off from September, leaving management of the...

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Cambodia: aftermath of fatal shoe factory collapse... Workers clear rubble following the collapse of a shoe factory in Kampong Speu, Cambodia, on Thursday

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Spate of recent shock departures by 50-something CEOs While the rising financial rewards of running a modern multinational have been well publicised, executive recruiters say the pressures of the job have also been ratcheted upOn approaching his 60th birthday...

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UK Uncut loses legal challenge over Goldman Sachs tax... While judge agreed the deal was 'not a glorious episode in the history of the Revenue', he ruled it was not unlawfulCampaign group UK Uncut Legal Action has lost its high court challenge over the legality...

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Peru mine collapse leaves nine workers trapped

Category : Business

Rescuers deliver oxygen and liquids through hose to miners stuck 200 metres below ground at ‘wildcat’ mine

Nine workers trapped inside a mine in southern Peru are receiving oxygen and liquids through a giant hose while a rescue team tries to get them out, officials say.

The men have been stuck about 200 metres (650ft) below ground since the “wildcat” gold and copper mine partially collapsed on Thursday.

“We have communicated with them and they are in good health, thankfully,” a police officer, Jose Saavedra, told local radio. A regional health official, however, said the miners were suffering from dehydration and feelings of desperation.

Saavedra said the men were trapped in a horizontal mining shaft behind about six metres of debris that collapsed after they set off an explosion to dislodge copper ore.

The miners were working without authorisation in a mine that reportedly shut down commercial operations in the early 1980s in Cabeza de Negro, about 175 miles south of Lima.

Small illegal mines are common in Peru, generating as much as £1.25bn a year in income, according to private estimates.

Peru’s mining sector accounts for 60% of the country’s total exports.

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