New global tailings standard guidelines aim for zero harm
The first-ever Global Industry Standard on Tailings Management is aimed at strengthening current best practices around tailings dams in the mining sector.
The miner expects to lower production costs to $1.08 per pound during the 2017 financial year, from a projected $1.21 per pound in the year ending June 2016.
Company confirms that the Institute for Water Management in Minas Gerais (IGAM) found levels of arsenic, lead and other toxic elements many times higher than the legal maximums along the river.
The 50/50 joint venture, momentarily named Project Corridor, is expected to help slash development costs as metal prices have dropped to multiyear lows.