LiCo Energy Metals miner said that management decided to leave Purickuta due to “unworkable property conditions.”
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Toronto-based private-equity firm Waterton Global Resource Management is pushing for an overhaul Hudbay Minerals’ board and the exit of the current chief executive, Alan Hair, over alleged “mismanagement.”
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CEO Andrew Mackenzie said it was too early to say what impact the recent Vale tailings dam disaster will have on efforts to restart BHP and Vale’s jointly owned Samarco mine, shut since November 2015 after a dam collapse killed 19 people.
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The tailings dam at the iron ore mine is inactive so the miner said the evacuation is precautionary.
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Four people from the German consulting group Tüv Süd, company that certified the safety of Vale’s dams, were also detained.
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The Toronto-based miner reported the approval of the Environmental Impact Assessment Study for the expansion of the tailings deposition facility at the Peruvian mine.
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The Toronto-based miner reported the approval of the Environmental Impact Assessment Study for the expansion of the tailings deposition facility at the Peruvian mine.
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Peru’s environmental regulator OEFA has concluded that mining waste from the company’s Cuajone mine did not spill into a river during heavy rains last week.
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Peru environmental watchdog rules out tailings spill at Southern Copper mine Read More »
Company pinned the cost increases partly on mining ending at its low-cost Cortez Hills open pit in Nevada in the first half of the year, but noted it expected to reverse the trend over the next two to three years.
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The company, which operates three mines in southern Peru and one in southern Argentina, said that any potential restart would be dependent on market conditions.
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