The mine applied incorrect discounts to its royalty payments over several multi-year periods.
Colombia Mining News
A wave of environmentally focused anti-mining referendums over the past 18 months have worried investors.
But the court upheld part of the previous ruling requiring the miner to re-apply for its environmental licensing and start a community consultation process.
This is the second time this month the Toronto-based miner mourns the death of staff members in Colombia.
The Alliance for Responsible Mining (ARM) and RESOLVE have released a code to facilitate increased responsible sourcing from artisanal miners, while contributing to improved social and environmental performance of artisanal and small scale mining sector.
This is the third agreement with a Canadian gold miner with projects in Colombia that Newmont inked in the last 18 months.
The workers were killed in a gold mine in the southern Bolívar state.
The US miner will eventually have to invest a minimum of $3 million in Miranda Gold's Lyra project to be granted a 51% stake on it.
The provincial Secretary of Mines said that eight people have died in similar conditions this year.
Gemstone producer us is expanding its footprint in Mozambique by acquiring nine ruby assets from ASX-listed Mustang Resources and Regius Resources Group.
The plant is expected to improve B2Gold’s economic returns, reduce impacts on the environment and become a potential funding source for community development.
The company, which began operations a year ago, said the move seeks to strengthen its communication with key stake holders and consumers.
The 25.97-carat rough emerald is considered both “rare and exceptional” given its size, colour saturation and clarity.
“We are the first territory actively making efforts towards eradicating the use of mercury and we are close to achieving this goal,” Antioquia's Governor said.
The council endorsed a plea introduced by mining workers against a ruling by the Cundinamarca Administrative Court.
It took authorities about three hours to be able to dig a back access entrance.
The quarry’s entrance collapsed Wednesday afternoon.
The court accepted as valid arguments and evidence presented by community leaders who claimed that waste emissions from South32’s Cerro Matoso nickel mine caused skin, lung and heart problems to people in the nearby towns.
Pro-mining votes seem set to benefit local companies and mining in streams and on mountainsides, not multinationals.
During the first quarter of 2018, output reached 52,672 ounces.
Early output of 1,720 carats of emeralds, including 826 carats of top quality ones, was achieved through a bulk-sampling program carried out within eight weeks of the completing the acquisition of the mine
The biggest players in Colombia's coal industry are Drummond Co, Glencore Plc, Murray Energy Corp's Colombia Natural Resources, and Cerrejon.
New gemstones mining and marketing company is stepping up efforts to kick off operations at some of its key assets and help organize what it calls "a highly disorganized and fragmented industry."
The attack occurred late on Monday in northern La Guajira province where the open-pit coal mine is located.
The largest union at Cerrejon has reached an 11th-hour salary and benefits deal with the company, avoiding a strike, the union said on Thursday.