Anglo's Azerbaijan-based subsidiary will receive $3 million immediately and a further $2 million upon resumption of flotation processing.

A group of locals has requested a provincial judge to scrap the environmental permit for the miners’ Curipamba-El Domo copper-gold project.

El Teniente’s first-half production is tracking lower than the same period last year as it repairs areas of the underground operation affected by the collapse last June.

The upsized financing represents nearly double the initial offering amount.

The move will give Palamina access to strategic copper and silver projects in the country, including the Vicus Pluma project.

The study forecasts an initial capex of $388 million and an after-tax NPV of $501 million.

Despite the suspension, the company said it still expects to achieve its budgeted production in the third quarter.