Chile Minister welcomes Kinross' Lobo-Marte environmental permitting decision
Chile's Economy and Mining Minister Daniel Mas has welcomed Canadian company Kinross Gold Corp's decision to start the process of obtaining an environmental permit to develop its Lobo-Marte gold project, in northern Chile, saying it reflects "a renewed pro-investment environment in the country".
Kinross is expected to invest an initial $1.5-billion in the development of the project, which is anticipated to create 2 800 jobs during the construction phase.
The Lobo-Marte project will have a processing capacity of about 35 000 t/d and will produce gold doré over a 22-year mine life.
Mas says "the activation of various mining megaprojects during the last two weeks – for an amount that exceeds $17-billion – is a clear sign of a change in the expectations of investors, who are recovering confidence and certainty, key factors for making long-term investment decisions".
The other megaprojects for which similar environmental permitting steps are being taken include BHP's $5.1-billion new Escondida concentrator project; Freeport-McMoRan's $7.5-billion operational continuity project of Minera El Abra; and Albemarle's $3.1-billion direct lithium extraction system in the Atacama salt flat.
Mas asserts that mining investment is essential for economic growth, the generation of quality jobs and the improvement in the quality of life of Chileans.
"For this reason, today the priority is to facilitate investment so that projects, work and opportunities multiply in our country. We need a robust institutional framework, clear rules and an ecosystem of permits and procedures that, while protecting the environment and complying with the law, does not trap investors who bet on Chile," he says.
Article Enquiry
Email Article
Save Article
Feedback
To advertise email advertising@creamermedia.co.za or click here
Press Office
Announcements
What's On
Subscribe to improve your user experience...
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation

















