Mining News

Archive for the ‘Mining Investigation’ Category

Revenues from mining royalties in the department of Cochabamba in May exceeded the total raised in the 2010 management and to continue the registration of cooperatives and private companies, it is estimated that revenues could reach 8.5 million by year-end Bolivians.

According to the departmental secretary seminarian, Jose Fernandez, last year mining royalty revenue amounted to 4.3 million, and this year in the first five months (January to May) is perceived around 4.5 million.

Fernandez said that 48 cooperatives operating in Cochabamba and 52 mining companies, of which 60 percent were already registered and paid the royalties, established mining laws that regulate the activity of the area.

DEPARTMENTAL LAW:

According to Fernandez, the Legislative Assembly at the initiative of governor Departmental Edmund Novella and the bed of the Movement toward Socialism (MAS) will soon approve the Department of Mining Law, which will help to strengthen the mining industry and increase income from this.

He said that the law and the agreement with the National Registry of Mineral Marketing (Senarecom) will enable the registration of cooperatives and mining companies that does not exist, economic losses caused by mining royalties.

MINING CENTERS:

The agricultural vocation of natural Cochabamba now joins mining production, as several municipalities are true emporium of mineral resources.

In the Andean region of Cochabamba, which includes Argue, Capitola, Teacart Aye-aye and there are mines of zinc, silver, copper, lead, tin, silver, gold, limestone, marble, tungsten, sodality, gypsum and gemstones.

Deep River Cristal Mayo, under the jurisdiction of the Tropic of Cochabamba, a Brazilian company operates gemstones; the price per kilogram is $ 700. In the southern cone of Cochabamba province Masque, exploit zinc, silver, lead, even gold, the mine is in seats.

Mineral IRL said in a statement issued to the Lima Stock Exchange, announced the update of exploration results in Escondido Project in Patagonia, Argentina. Assays have been received in recent wells drilling Phase 2 (December 2010) and the initial 20 wells in Phase 3 exploration drilling referring to the executed in April and May 2011.

Highlights:

They have discovered high grade intersections, including the well E-D10-026 with 0.70 meters with an average of 136 g / t gold and 157 g / t silver and well ED11-037 with 4.20 meters with an average of 1.6 g / t gold and 663 g / t silver including 0.55 meters with 4.2 g / t gold and 1.250 g / t silver.
Intersections on new potential high volume include the well E-D11-052 with 16.20 meters averaging 2.05 g / t gold and 7.4 g / t silver (including 1.95 meters averaging 10.0 g / t gold and 14.4 g / t silver), and the well E-D11-053 with 19.65 meters averaging 2.43 g / t gold and 10.4 g / t silver (including 2.55 meters with 9.55 g / t gold and 51.6 g / t silver).
The exploration area of ​​interest now extends over 1.7 km with evidence of predominantly gold and silver to the northwest predominantly to the southeast.

“The discovery of gold mineralization and high grade silver in the Escondido area opens up new perspectives for this project,” said Courtney Chamberlain, CEO of Mineral IRL. “While we have more work to do, the importance of these new structures is showing high-grade exploration potential of high grade gold and silver. We have also been continually receiving incentives in large volumes in low grade mineable that were previously reported. “

 

A delegation of 12 residents of the district of Texaco Tacna to Lima travel after July 28 to talk directly with the elected president of Peru, Lolita Humana Tasso, who will ask the repeal of Supreme Decree 040-2007, through which granted a mining concession to Newmont.

That was the agreement that was made today during a meeting called in the local Commission on Irrigation Texaco, where virtually the entire population conglomerate ticaqueña. Villagers were happy that the company only has withdrawn its “local information” definitely looking out for Newmont.

“Regional President Tito Chicano is committed to us, to meet with President Humana. We agreed that we will go with him. We will be 12 who will travel to the capital to tell Lolita not want anything of mine, only our agriculture. They did everything they wanted (in reference to Newmont) as if they were our gods, from the beginning did not respect our position, “said the president of the Rural Community Texaco, Marcia Walter Liquate Chianti.

The leader reported that another of the agreements was performing in the district rural patrols so as not to allow the mining company comes again. “We do not want to see their trucks his entire splendor. We were a people living quiet, this issue has united us more, “said Liquate.

FACT. The company has a bad history Newmont that alarmed over the ticaqueños. The company is majority shareholder in the Yanacocha mine, and in 2002 accidentally spilled about 150 kilos of mercury in the town of Cajamarca Choropampa. The damage was “repaired” with a compensation of 3 million dollars to the municipality of Cajamarca, after a long dispute came to the United States.

 

Babia Mountain Association and Moon has reported that “the mayor Carillons, Line Frere, vetoed the Association for joining the Consortium for the Management of Biosphere Reserve Babia” as indicated in a statement.

From Babia Mountain and Moon criticizes “the Consortium for the Management of Biosphere Reserve is a public authority and its decisions are public, but its president has not informed the association of what are the resolutions adopted by their organs, among which is the incorporation of the mining company Coot Miner del Cantabrian company sanctioned repeatedly for its environmental violations and that is the subject of numerous prosecutions for environmental crimes.”

In response to this information, Frere said that “it has come to realize the accession of Coot Miner Bay of Biscay as it has been decided to dispense with private companies. Therefore, it will not become part of the Consortium. “

The president of the association, Carlos Gonzalez Anton, resort Babia Mountain and Moon is based on the resolution of the Mayor of Carillons not only delivered by an incompetent, but it solves the president unilaterally, without have the other members of the Consortium, to be competent of the Consortium Board.

“The argument that there is an association of local character is absolutely false, because the bylaws and the activity of the Association are clearly local, acting precisely in the clouds and moon. If we also incorporated the mining company CMC, there is no doubt that the exclusion of the Association is as little arbitrary, given that an administrative body, it could be argued that this is unlawful actions, “denounces the Babia Mountain Association and Moon.

“Moreover, it is grotesque that is not supported in the Consortium Reserve -” the association statement in the note sent, “an association whose aims include the preservation and protection of natural heritage, cultural, archaeological, artistic, literary, documentary, ethnographic, linguistic, musical, gastronomic and sporting the regions of Bahia and Moon, while if it is a mining company with the largest accumulation of illegalities throughout the Cantabrian Mountains, which has even led to the Spanish state to prosecute the most European High Court. “

Meanwhile, Frere said his request was denied access because “the entity is not local, condition set out in Article 3 of its statutes.” In addition, Frere explained that the associations attached to the Reserve those who choose who becomes part of the Consortium.

Chilean miner Mario Sepulveda, who last October 12 was rescued from the San José mine, north of the South American country, said Tuesday he is willing to sue the owners of the mine before international courts if the state authorities do not apply deserved sanctions for failing to provide security for their workers.

In a press conference in the northern state of Atacama, Sepulveda explained that the measure go to the isopteran international judicial authorities in the country if not severely punished the owners of Mineral San Esteban, Marcelo Alejandro Bohn and Keenly.

The miner said he was willing to spend their own resources to seek exemplary punishment of those responsible for security at the site, whose failures ended in the collapse last August that left 33 workers buried.

Two years ago in this same mine, a worker had also died because of a collapse by the site owners were not responsible.

Sepulveda was the second miner rescued from the San José mine on 12 October. The worker remained trapped for 69 days over 700 meters deep.

After his departure, the miner said he wanted to give back the love for his country received considering the goal to build 200 houses for victims of the earthquake of February 27, 2010 in southern Chile.

About the project last April went to the World Copper Conference, which lasted for two days in Santiago (capital) to top executives of mining companies, pending the high expectations generated by the increase in the value of the metal to who were asked for their cooperation initiative.

In relation to the accident as Sepulveda “changed his life”, both owners of this site as the Chilean government were repeatedly denounced, not only by the miners, but also by relatives who asked recompensación for all damages occurring to workers.

On August 5, 33 miners were trapped 700 feet deep in the San José mine in northern Chile.

After 17 days without being certain that the men were alive, a message written by them and attached to a probe revealed that digging had survived.

Following the complaint of the residents of the area, the Sub Management Audit of the Municipality of Choice closed this morning several buildings dedicated to artisanal mining of gold in the upper part of the Housing Association of California La Rinconada.

The measure generated by the Revenue Management Resolution No. 892-2011 – MDLCH resolved the temporary closure of establishments conducted by the California Mining Association Rising Sun. The operation was coordinated with the Public Ministry and was attended by staff Serena go and Municipal Police officers.

Far from having the Operating License and Certificate of Civil Defense, the offenders have been working informally in the extraction of precious metal using mercury, according to neighbors, has produced effects in the health of children and the elderly.

As announced, those responsible for this illegal activity have not sought authorization from the Ministry of Energy and Mines to operate in the area.

In this regard, the Andean News Agency reported that representatives of the Ombudsman’s visit on Tuesday 05 to verify the level of pollution caused by informal mining and verify allegations that would work in this area children and pregnant women.

As indicated in that medium head of the Office of the Ombudsman on East Lima, Manila Alvarez, residents living in areas adjacent to the extraction point state that the mine, where gold and silver extracted from 4 years ago, the river comes pouring mercury , so they come asking for the quick intervention of the authorities.

The note announced that the authorities involved in the inspection will meet at 09:30 am average in the front of the town of Chaclacayo, where leave for the area of ​​the mine, located in the Upper California Condominium, at kilometer 23.5 of the Central Highway, which can be reached by a dirt road.

They also reported that officials of the municipalities and Chaclacayo Choice and the Public Ministry, Environment Ministry, the National Civil Defense Institute (INDECI), among others, will accompany the inspection visit.

In the recording, Santos says, “is a matter of money, it’s basically a matter of money” and then a speaker review the Company’s Corporate Manager is a cousin of President Medora Juan Manuel Santos.

The presentation of the documentary emphasizes the pragmatic interest of multinational companies to become, at all costs, with important mining areas in Colombia.

Indeed, the news website Al Jazzier this week included two reports on the subject and, in one of these indicates that the gold rush in South America is increasing and more deadly in Colombia, where it can be the fuel of the internal conflict.

On the subject, Medora corporate manager, Juan Carlos Santos, told ‘La W radio, “radio station that uncovered this controversy, the documentary that was not the most fortunate for him.

He said that when he used the term “money” (money) was referring to the term “budget” (budget) and in the following context: the interest of your company to promote resettlement of the mining community of Marmaton.

Santos said that at no time referred to expressions such as bribes or illegal purchases, as might be expected.

Apparently the company wants to promote the relocation of informal miners Marmaton to start them a large-scale exploitation in the area.

The Deputy Minister of Environment, Carlos Castagno Urine, told him to ‘La W radio’ has not yet received a formal request for the Canadian company to begin work Medora operating Marmaton gold, which could indicate that they are in a exploration phase or purchase of securities.

“The environmental authorities have made no license applications. There is a stage of exploration and purchase of properties that can be done with the community, “said Brown.

The controversy over the words of Saints occurs a few days after the Ombudsman of Colombia found that 44 percent of municipalities in the country are made illegal exploitation of coal, gold and other minerals.

The controversy over the environmental permit for gold mine Colusa is facing the Office and the Autonomous Corporation of Tolima … According Cortolima, since the change of chief prosecutors, the attorney failed to oppose the exploitation and now being promoted in support of the multinational that requests it. In the administration of Attorney Maya Villa on, prosecutors said the mine was not viable, but when it came Alejandro Ordonez, its delegates have said that what hurt is to not leave the mine.

This was the letter that then-Attorney General Eduardo Maya Villa on sent to the Ministry of Environment in which he said we cannot approve an environmental permit for gold mining project of jealousy, in Cajamarca, Tolima, the multinational AngloGold Ashanti , because it endangers the environment and 161 water hatching machines.

“I ask that this request be denied subtraction, since it would be contrary to the constitutional and legal protection and defense of natural resources.”

In the same terms and at the public hearing of February 2009 the Attorney Environmental Tolima, Diego Alvarado, reaffirmed the position of Attorney General and objected to it was granted the license to the South African multinational AngloGold Ashanti, as requested the affected community.

Upon arrival of the new attorney, Alejandro Ordonez started the changes; she became a delegate to environmental issues, Oscar Dario Anaya Naves, who previously served as Deputy Minister of Environment and Attorney Diego Alvarado was relieved.

“We knew we had knowledge that was driving records of AngloGold Ashanti were removed him and appointed a commission, a new commission came from the coast.”

In place of Diego Alvarado was appointed as the attorney responsible Ernesto Cardoso, who in this paper last May told Cortolima director, Carmen Sofia Bonilla, his opposition to the project could cause some degree of alarm users who are concessions and thus made it known during a hearing.

Australian businesswoman, Geneva Rinehart, considered the richest in Australia for business in mining, can become the richest person in the world within months, displacing Mexican tycoon Carlos Slim.

According to estimates by Forbes magazine, responsible for drafting the annual list of billionaires in the world, Rinehart’s wealth amounts to 9 billion dollars, which can multiply in a few months to reach the figure of 100 billion dollars.

The current Slam’s fortune is estimated at 74 billion dollars, while the co-founder of the manufacturer of computer equipment programs for Microsoft, Bill Gates, amounts to 56 billion dollars, according to the publication.

An estimate published Wednesday in the online version of Forbes said Rinehart mining assets quadrupled in the last year, thanks to rising steel prices and rising exports of metals from China.

The calculation requires that the fortunes of the Australian could rise to 100 billion dollars, according to Forbes, was based on a study by Citigroup with respect to mining projects, including three mines owned by Rinehart.

If all three projects Rinehart meet the expectations outlined in the report and if mineral prices remain high, it is possible that the valuation of the entrepreneur’s personal wealth exceeds the 100 billion dollars, said the specialized environment.

Profile

Georgina Gina Rinehart’s Hope a businesswoman 57 years, considered the richest person in Australia on business in mining.

Rinehart is heir to the company Hancock Prospecting and daughter of mining magnate Lang Hancock George Frederick Langley.

In May 2006, BRW magazine named her the first woman millionaire in Australia, worth a thousand 800 million dollars, placing it in eighth position. A year later, the same magazine placed it above four steps, in the fourth position of the richest people in this country with an estimated fortune of $ 4 billion.

Over a hundred people, workers and settlers, conglomerate on Tuesday outside the offices of the Canadian mining B2-Gold to press for prompt rescue of trapped miner in the depths of a flooded gold mine.

However, company spokesman Thomas Lee told The Associated Press by telephone that make “every effort to rescue and we are hopeful of finding him alive.”

He added that included a new pump to suck Honduras arrival of water from the mine as part of these efforts “have not been abandoned.”

Lee acknowledged that a group of people have posted outside the offices of the mine to protest the alleged abandonment of the bailout, but “we’re focused on looking for from the day of the incident” occurred Saturday afternoon.

Another 24 miners working in the mine were able to be evacuated the same day.

Local television reported that the group of people protesting outside the offices of the mine is blocking access.

Lee said however that the family of the miner, identified as Victor Martinez Filches, is in the mine, located several kilometers from the administrative offices, “waiting patiently for news.” The mine known as the Santa Panache is about 80 miles northwest of Managua in the department of León.

The company said in a press release that a rescue group that includes divers entered the tunnel in the morning after it was found that the water level fell to within 1.5 meters after a continuous pumping.

Filches Martinez, 35, performed maintenance work at a depth of 171 meters, where a reservoir of water formed by heavy rains and a half kilometers (one mile) north of the tunnel was flooded and the liquid is precipitated on the entry.

Jorge Martinez, spokesman and lawyer for the company, said it was “encouraging” the decline in water level.

He reported that one of the divers arrived at the main ramp but not detected Filches Martinez, but still “has not been able to access the gallery where we could be.”