Ecuador court endorses environmental permits for Dundee’s Loma Larga gold project
The Judicial Labour Unit of the southern city of Cuenca also reaffirmed Dundee’s mining concessions in Ecuador.
The Judicial Labour Unit of the southern city of Cuenca also reaffirmed Dundee’s mining concessions in Ecuador.
The uncapped profit-sharing bonus of up to 10% supports the continued operation of Peñasquito, Newmont said.
Kinross is targeting construction by 2027 and first production by 2029, but doesn’t rule out a “schedule compression.”
It's an unwelcome development for the exchange after it had to suspend the nickel contract in March, writes Andy Home.
Kinross, which operated in Russia for about 25 years, said the price change followed a review by a recently formed commission to control foreign investments.
The two-phase mine plan contemplates four open pits and includes recently discovered deposits as well as the Rosemont asset.
It will spend $6 for every ounce of gold sold by its two local mines on improving healthcare, education and access to potable water.
Rosemont, remains stalled on environmental grounds.
Posse gold mine is expected to produce 102,000 ounces of gold per year in the first four years, dropping to 84,000 ounces after that.
Anglo American will take 70% of the JV, which will explore for copper and cobalt in Zambia's base metals-rich northwestern province.