Last year the Chilean state mining commissioned a team of OECD undertake a study related to corporate governance of the company, the conclusions obtained from this form the basis for the bill to be drafted by the Ministry of Finance, luggage Daily Pulse.
The information pointed out that after assuming the presidency of the board of Codelco, andr contacted with the OECD to analyze the improvements that need mining to carry out its growth plans.
The plan of the firm is to achieve 2.5 million metric tons of copper in 2025, for which folder has invested more than USD 23 billion for initiatives such as Chuquicamata Underground, New Mine Level of El Teniente, RT Sulfides and Expansion Andina, among other works.
The production of state reached 1 million 841 thousand metric tons of fine copper (tmf) last year, including participation in El Abra and Anglo American Sur.
Although copper production grew by 3.1% and that costs were reduced by $ 209 million due to lower copper prices, surpluses were USD 856 million lower than in 2013, reaching US $ 3.033 million.
Last year, Codelco’s production reached 1 million 841 thousand metric tons of fine copper (tmf), including participation in El Abra and Anglo American Sur. Although copper production grew by 3.1% and that costs were reduced by $ 209 million due to lower copper prices, surpluses were USD 856 million lower than in 2013, reaching US $ 3.033 million.
Andacollo orders are legitimate, “said Comptroller of EOF, Horacio Savid, to inform the Central AOMA driving the agreement signed with the government to end wage and labor claims.
Also the leader, who participated in the conclave in the bishopric of Neuquen, said “must emphasize the brave and resolute attitude of Bishop Virginio Bressanellipara achieve conciliation with this problem.” He said the workers’ trust in the management of the bishop and we have not wrong. “
Anticipating that from now on, “we will work to standardize tasks within the reservoir, back to work and do it with a high forehead to fulfill commitments and take this situation forward,” noting that always “miners affected claimed by their jobs and nothing else “and were” accompanied by the entire community of Andacollo “culminated Savid.
In the day yesterday, Thursday April 16, Bishop Virginio Bressanelli received episcopal house Neuquen government ministers, Education and Justice, Zulma Queen, Nicola Energy; Undersecretary of Labor, Ernesto Seguel and the President of the State enterprise Cormine, Martin Irigoyen, who did representing the provincial government. For its part, representing the miners who attended the invitation of Bishop, was the supervisor of EOF in the province, Horacio Savid, who was accompanied by delegates from Minera Andacollo Gold, Rodolfo and Patrick Candia, Adrian Market and Rodolfo Montañez. Councillor Also present, by the town of Andacollo, Vanessa Fuentes and council Roberto San Martin and Maria Guerrero. So Eleven Journal published.
On the occasion warring parties decided to sign an agreement which provides that the government, through Cormine, pay the entire salary was paid by the company amounts to December 2014.
Says Oswaldo Ordonez, professor at the School of Mines of Medellin, who in recent years has reached out to communities and businesses to show the other side of mining, which is totally different from what is conveyed in the media communication, focusing solely on the illegality.
The projects are related to formalization and mining legalization in Antioquia. The first is aimed at those illegal artisanal miners or traditional, and seeks to incorporate the regulatory legal framework of the country.
“The formalization is made for 850 established legal mining units, which were asked a job evaluation and assessment, with a view to advising the chain upgrading, social, environmental, geological, administrative, industrial safety and environment legislation, “explains Professor.
As for the legality, of the 600 requests that the UN received for review, 300 were rejected for failing to meet minimum requirements such as specifying areas or complete documentation. Of the other 300, after visits and legal and technical reviews, only 45 (7%) went to the finals, for further validation and possible formalization. Continue reading
The Defense Minister Juan Carlos Pinzon said that one of the priorities of the Armed Forces is environmental protection and therefore have been prepared and continue to train men and women of law enforcement in this advocacy environment.
“The Armed Forces today help protect the environment, so a priority for 2015 is to attack the criminal mining, which not only financed illegal groups, if not also a source of deforestation and serious environmental damage,” Finch said from Manizales.
As explained Finch, illegal mining is people seeking their livelihood and thus should be formalized, while the criminal “has become fuel for violence and we need to work with CAR towards improving the judicial system , to cause serious harm to the environment. “
These statements took place in the Third Meeting of Directors of Regional Autonomous Corporations (CAR), which was attended by the Minister of Environment, Gabriel Vallejo, where I wanted to highlight that illegal mining is different from the criminal.
The minister spoke so through a statement issued by the Dutch government on Tuesday after visiting the mining region of Caesar, where he went with a delegation of five Dutch energy companies and representatives of NGOs.
The Government recalled that most of its coal consumption comes from this area Netherlands.
The minister met with officials during his visit to the US company Drummond, who had extended an invitation to visit the area last April, as well as representatives of local communities and union leaders on social and environmental conditions around the mines.
He was also accompanied by Colombian Vice Minister of Mines, Maria Isabel Ulloa, as well as officials from the Foreign Ministry, the Ministry of Mines, the National Mining Agency and the National Agency of Environmental Licenses.
Previously he had met with victims of the armed conflict in Colombia. Continue reading
A process that seeks to identify which parts of them shall be shaded and which may benefit, and was announced in a news Weather. According to the authorities of the 36 complexes moors there in Colombia, it is necessary to delimit 30, however in these areas are inhabited by 200,000 people, who depend on land use, many other mining and whose future should be account before declaring areas for conservation.
The article also notes that time just over a third of the municipalities in the country that is, 399- have jurisdiction over moors, towns where they live about 20 million people.
This means that 50 percent of the national population 33 of these localities, where 7 million people are concentrated, with more than half its length in them.
The mining titles, mainly gold and coal, on approximately 5% of its surface, and more than 400 applications in force. Another figure who inspires voltage is 13 complexes on the moors are more than 50 percent of its extension request process qualification.
Carlos Sarmiento, coordinator of supplies Paramos project for the Delimitation of Strategic Ecosystems, the Humboldt Institute, said “the moors are, and have been historically inhabited are landscapes with multiple meanings; its people for generations has been building a detailed knowledge of these territories meet these relationships key to make informed decisions “becomes.
Chile, the world’s largest producer of the metal, has been affected by the weakness in copper prices on the international market, which has added to lower output by a decline in ore grades in some of its older deposits.
The value of Chilean copper exports reached 2.870 million in January, an annual increase of 30 percent, said Monday the Central Bank.
The state Chilean Copper Commission (Cochilco) adjusted downward its estimate last month metal price $ 2.85 per pound in 2015, amid the global slump in the value of raw materials and less dynamic China’s economy.
For the past year, the value of mineral exports, which account for more than half of shipments of the country closed with an annual low of 3.5 percent. Cochilco has forecast a decline in the tax contribution of the mining sector in 2015.
Copper production in Chile is led by state-owned Codelco. Also participating international giants like BHP Billiton, Anglo American, Glencore and Antofagasta Minerals. (Reporting by Fabian Andres Cambero. Edited by Felipe Iturrieta. LEA)
The producer of silver and gold in the US, agreed to acquire Rio Alto Mining for US $ 1.06 billion. Offer is based on the prices of the shares of both companies on the Toronto Stock Exchange. Tahoe considered his bid values Rio Alto at C $ 4 per share, a premium of 22.1% to the closing price of Rio Alto of C $ 3.28 per share.
Investors will receive 0.227 shares of Canadian Tahoe and 0.1 cent per paper Rio Alto, companies said Monday in a statement.
Tahoe Resources plans to expand its presence in Latin America and adding to its operations La Arena gold mine in Peru. Both companies will combine their businesses to create a medium-sized producer of gold and silver, with activity mainly Guatemala and Peru.
The deal is the latest sign that the mining of precious metals, which went through a quiet phase spread amid a sharp drop in prices of metals, are slowly to face the new realities of the market and begin to focus on the long-term growth once again.
“The combination of Tahoe and Rio Alto is designed to create a stronger and better positioned for the future company,” said Chief Executive Kevin McArthur Tahoe.
It is expected that the agreement is finalized in early April, shareholders in Tahoe taking 65% of the new combined company and the rest of Rio Alto.
Senator of the Atacama Region, Isabel Allende, said: “The support price of copper is vital to the maintenance and projection of numerous small projects are mainly in the Norte Chico of our country, so this must be a real help for the sector “.
The second authority of the country also said “we know this is not an easy subject, but we believe the government can make an even greater effort, because small-scale mining in the country, gives support to a significant number of families, and the current scenario many of them, they can simply stop producing “.
“I share the concern of representatives of small mining, for the price that has since set according to figures and calculations that they, in many cases this would not be enough to meet production costs have made,” said the senator.
He reminded that “small-scale mining can not, as is done in other scale-down costs, to hold the lower copper prices. Simply disappears, and many families must retrain, find new activities that develop, which clearly find it complex, so set a better support price today is gravitating to their future. ” Continue reading
Group Mexico expects to reach a production of 958,000 tonnes of copper in 2015, which will mean an increase of 13 percent over the figure recorded last year, reaching a record for the firm.
In conference with analysts, Daniel Muniz, CFO of the company, explained that this year 2000 will be investing $ 796 million in its mining division, to work in Buenavista Cobre and the opening of new projects in Peru.
“We believe there is a disconnect between copper prices and demand, market demand shown positive copper to support prices. US demand improved steadily especially in key factors such as residential construction and automotive industries, “he said.
Group Mexico presented an operating cash flow (EBITDA, for its acronym in English) of 935.9 million dollars during the fourth quarter of 2014, number 10.4 percent lower than that recorded in the same period last year, when they were thousand 44.1 million dollars.
The company’s German Larrea warning of what happens in the Sonora River, which was tainted last year by a leak of sulfuric acid from its Buenavista mine copper will remain.
“He is now out of danger … we are working on a remediation program may be approved this week,” Chief Financial Officer of Group Mexico said.