Santiago Urdinola, head of private firm Minesa and former president of the Colombian Mining Association, made the comment during a meeting about the company’s application for an environmental licence a large underground gold project.
Colombia Mining News
The miner is partnering with GoldSpot Discoveries to produce 2D and 3D targets for its upcoming exploration program.
The company is planning a 1,000-metre drill program at its Alacran copper-gold deposit, part of its San Matias project in Colombia.
It could take the Malian mine gold output to 7.5-million tonnes a year from the current 6-million tonnes.
The company recently closed a $175 million financing package that it will use on mine construction and start-up.
The asset's reserves as at December 31, 2018 increased 4% to 1.9 million tonnes grading 11 grams per tonne of gold for 688,000 ounces, while measured and indicated resources increased 7% to 3.5Mt from a year earlier.
Commissioning the mill began two months ago and has now reached the planned commercial rate of 500 t/d.
As part of the deal, Canada's Royal Road Minerals will pay AngloGold around $4.6 million in cash, with further payments amounting to $35 million in total if certain milestones are reached.
The mayor of the town of Jerico had ordered a suspension of the work in January after the council voted late last year to ban mining in the area.
South32 produces nickel from ferronickel in an open pit mine near the municipality of Montelibano, in the western department of Cordoba.
The Andean nation is the world's fifth-largest exporter of coal.
Fura Gems has launched the Provenance Proof Blockchain designed to promote transparency in the coloured gemstones industry.
Pure yellow metal was observed in the test concentrates obtained from five hard rock trial pits.
The miner alleges breach of fiduciary obligations, abuse of trust, theft, and fraud.
The company was not carrying out mining exploration at the site.
Only eight out of 115 workers voted in favor of a strike, much less than the overall worker majority required for a legal strike.
The contract will generate at least $586 million in royalties, income and social project investment during its lifetime.
It is improbable that a strike would have an impact on total exports.
For 2019, the Canadian miner forecasts gold production of between 935,000 and 975,000 ounces at all-in sustaining costs estimated at between $835 and $875 per ounce.
The applications cover a total area of 1,757 square kilometres and are located within the western Chocó department.
Americas Market Intelligence says companies need to do their due diligence.
The Coscuez mine has produced some of the best emeralds from Colombia’s Muzo region for more than 300 years.
According to Forjando Futuros foundation, the forced displacement was ordered by the companies but executed by either the National Army or the guerrilla.
The bill proposes a gradual reduction in taxes on businesses to 30% by 2022 as well as a new sales tax refund of 19% for capital goods such as machinery.
The mine applied incorrect discounts to its royalty payments over several multi-year periods.