Mexico’s proposed higher mining royalties could block nearly $7bn in investments
The Mexican government proposed raising mining royalties under the argument that metal prices have risen in recent years.
Mining company Yanacocha has been fined PEN 466,287 (USD 179,000) for violating environmental laws at its gold and copper mining project Conga, located in Cajamarca, Peru.
Peru’s Environmental Assessment and Enforcement Organism (OEFA) accused the company of violating five laws and negatively impacting the flora and fauna of the area.
Yanacocha denied breaking the law and has filed an appeal. Tags: Diversified Metals & Mining, Gold
Source (Spanish): La Republica via BrightWire News.
