Mining

Freeport-McMoRan selling 80 pct. of stake in mine

PHOENIX (AP) — Freeport-McMoRan Inc. is selling 80 percent of its stake in a copper and gold mine in Chile for at least $1.8 billion.

The mining company announced the sale agreement Monday for the Candelaria-Ojos del Salado mine with Lundin Mining Corp. of Canada. In addition to $1.8 billion in cash, Freeport-McMoRan also said it will receive 5 percent of copper revenues in any year over the next five years if the average price exceeds $4 a pound. It's currently trading at just over $3 a pound. That could total as much as $200 million, the company said.

Mine safety violations down

WASHINGTON (AP) — The number of chronic safety violators among mine operators has fallen sharply in recent years, according to government figures released Thursday.

The Mine Safety and Health Administration says the number has dropped in response to reforms the agency has taken to rein in bad actors. The National Mining Association counters that the industry's own safety program deserves the credit.

Judge upholds ban on new mining claims on 1M acres

FLAGSTAFF, Ariz. (AP) — Former Interior Secretary Ken Salazar did not abuse his discretion or violate any laws in prohibiting new hard-rock mining claims on one million acres near the Grand Canyon, a federal judge ruled Tuesday.

Salazar announced the 20-year ban in 2012 for an area rich in high-grade uranium reserves outside Grand Canyon National Park. Mining industry groups and a Chino Valley resident quickly sued, saying the ban was irresponsible public policy and violated federal laws.

Too early to file lawsuit vs EPA over Pebble Mine: Judge

Source: 
The Hill

Because Environmental Protection Agency actions regarding the Pebble Mine haven’t been finalized yet, federal courts don’t have jurisdiction to hear complaints about the matter, Judge H. Russel Holland ruled Friday, tossing out a lawsuit filed by Northern Dynasty Ltd., The Hill reports.

Peru: Environmental 'extremists' threaten revenue

NEW YORK (AP) — Peru's president warned Friday that environmental "extremists" could hurt the golden goose of mining revenue.

During an interview with The Associated Press, President Ollanta Humala said his top priority during the annual meeting of world leaders at the United Nations this week had been to sound the alarm on climate change. The Andean nation will host U.N.-sponsored climate talks in December.

But in July, Humala enacted a law that weakens environmental protections in his country.

Firm pays fine for not reporting mine pollution

RENO, Nev. (AP) — The Canadian-based owner of a gold mine in northern Nevada has agreed to pay a $182,000 civil penalty for failing to correctly report to federal environmental regulators the release of millions of pounds of toxic chemicals — including arsenic and cyanide — into the air and ground.

The U.S. Environmental Protection Agency announced the settlement Thursday with Veris Gold USA, a subsidiary of the Vancouver-based Veris Gold Corp.

Arizona testing water after Mexican spill warning

TUCSON, Ariz. (AP) — Authorities are testing water from the San Pedro River in southern Arizona that may be contaminated with toxic waste that traveled north after a massive copper mine spill in Mexico this summer.

Mexican officials on Monday issued a binational alert that contaminated water had made its way into the San Pedro River, which runs north to Pinal County in Arizona.

The contamination came from Buenavista del Cobre mine in Cananea, said Carlos Jesus Arias, director of the Sonora state civil protection agency.

Mexico: Alert over mine spill into river to Ariz.

CANANEA, Mexico (AP) — Authorities in a northern Mexican state issued a binational alert Monday after contaminants from a copper mine spilled into a river that flows into the U.S. state of Arizona.

Carlos Jesus Arias, director of the Sonora state civil protection agency, said the contamination from the Buenavista del Cobre mine in Cananea had reached the San Pedro River.

Officials have not said how much leaked, or what exactly was in the spill. Arias said the contents had not yet been analyzed, but the material is "probably toxic."

Western Mexico state reports new mine spill

HERMOSILLO, Mexico (AP) — Authorities in northern Mexico have issued a new alert of a river spill from a copper mine operated by Grupo Mexico, the state director of civil protection said Sunday.

The agency is urging people to avoid using water from the Sonora River after local municipalities complained of a toxic plume, said Carlos Arias, civil protection director for the border state of Sonora, where the spill occurred.

EPA pushes Pebble Mine decision back to February

Source: 
The Hill

In a notice filed in the Federal Register Friday, the Environmental Protection Agency said it won’t decide until February whether to block work on Alaska’s Pebble Mine, giving itself more time to review the extensive public comments it has received, The Hill reports.

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