Canada's Kinross starts permit process for US$1.5 billion Chile mine [BNN Bloomberg (Canada)]
Freeport-McMoRan, Inc. (FCX)
Last freeport-mcmoran, inc. earnings: 4/24 07:30 am
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Source: BNN Bloomberg
The permit application, submitted to the government's Environmental Assessment Service, seeks approval for the production of gold dore, a semi-pure alloy, with a processing capacity of 35,000 tons per day. The project features an average gold content of 1.29 grams per ton and a 22-year operating life. The Lobo Marte project will cover about 2,300 hectares in the northern Atacama region. “The project aims to produce gold dore through the open-pit and sequential mining of the Marte and Lobo pits,” the company said in its application. Other recent applications totaling $15.7 billion have been filed in recent days by copper miners BHP and Freeport McMoRan, and by lithium producer Albemarle. “We need a robust institutional framework, clear rules, and a permitting and regulatory ecosystem that, while protecting the environment and ensuring compliance with the law, does not hinder investors who are betting on Chile,” said Mining Minister Daniel Mas in a statement. (Reporting by
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