Mining News
The delays have resulted in escalation of initial capital costs of the project by approximately 7% to C$780-C$800 million, the press release noted.
In 2023, the mine had reported record gold production of 278,000 ounces.
Since 2013, it is alleged that more than 60 miners have been killed in Shaanxi’s mines.
The fourth charge, categorised under “minor” violation, is for not reporting complete data related to water and tailings.
He added that the government plans to decide in January whether First Quantum's proposed maintenance plan for the mine, known as Cobre Panama, can move forward.
The company, on Monday, had threatened to suspend its operations in the African nation if gold exports continued to remain blocked.
The Loulo-Gounkoto complex's conditions have significantly deteriorated, according to the firm.
Robex recently claimed that it settled all tax and customs claims by the government.
"God placed a gigantic treasure underneath our feet," Bukele wrote, calling the 2017 mining ban "absurd."
The ICCN told The Associated Press that in meetings this year with the mining registry the misunderstandings around the boundaries were clarified and the original ones should be used.
Beginning in 2026, the miner has found multiple ways to increase average throughput to 5,500 tpd by further debottlenecking operations.
Mining activities are ongoing in the West Dome open pit and Main Dome underground areas.
In 2021, Rio agreed to fund an independent study, undertaken by environmental firm Tetra Tech Coffey.
Very little taxation is collected, even though the trading of gold is public for all to see in Jacareacanga.