jueves, 2 de octubre de 2014

Miners ordered to hand back land to natives in Colombia

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Latin America News Digest
Friday 3 October 2014
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The ruling, which affects 11 gold mining companies, is the first of its kind in the South American nation.

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Output for this year is expected to be between 40,000 and 60,000 ounces of gold, reaching 7,000 tonnes a day by 2018.

September's Precious Metals Summit at Beaver Creek, followed hard by the Denver Gold Forum, brought a huge chunk of the gold mining and investing community to Colorado.

Local press is reporting the miner has already abandoned the operation, which was in its last year of active mine life.

In the official opening the firm said it expected to start shipping from Sierra Gorda in November

The company was granted final permits for its long-delayed and three times more expensive than originally expected Minas Rio iron ore project.

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It would also create a a 15-kilometre long ''super pit'' from the union of Rio's Mount Thorley Warkworth and Glencore's Bulga open-pit mines.

The Australian coal sector continues to contract sharply, with hundreds of workers at another Queensland mine set to be told of imminent job losses on Tuesday morning.

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