SANTIAGO, Chile (AP) — Chile's Supreme court on Tuesday suspended the development of El Morro mine owned by Canada's Goldcorp after siding with indigenous groups that oppose it on environmental grounds.
The top court ordered the project's environmental permit be withdrawn until the Diaguita indigenous community is consulted about the gold and copper mine. In doing so, it overturned a lower court decision dismissing an appeal the Diaguita filed in April.
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.
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.
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.
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.
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.
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.
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.
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.
Data from the American Wind Energy Association show that wind developers added 4,850 megawatts in new capacity last year, a strong increase from new 2013 installations, bringing total wind generation capacity to 65,875 MW, Platts reports.
Offshore wind energy development on the Eastern Seaboard is struggling as energy companies appear unwilling to invest, evidenced by Thursday's federal auction of leases off the coast of Massachusetts that drew just two bidders at around $1.50 an acre, The New York Times reports.
The sharp decline in oil prices is starting to take a toll on U.S. oil boom towns, forcing energy companies to cut staff and benefits, pressing businesses to temper plans for growth and limiting royalty payments for landowners, The Wall Street Journal reports.
Liquefied natural gas prices in Asia have fallen sharply to $7.45 per million metric British thermal units, the lowest prices since June 2010, a change that is causing some suppliers to consider altering contracts to limit losses, The Wall Street Journal reports.
Saudi Arabia's new King Salman bin Abdulaziz has already made several changes to his government, shuffling his cabinet and cutting some government agencies, but he has retained Oil Minister Ali al-Naimi, a central figure in OPEC's decision to maintain production targets, Dow Jones Business News reports.
Though 50 million smart meters have been installed in homes nationwide, U.S. energy consumers aren't moving to change consumption habits, a phenomenon The Washington Post suggests is linked to a lack of real-time access to data related to energy efficiency and financial savings.
Assisted by improved relations with the Kurdish regional government, Iraq passed a $105 billion budget based on a $56 per barrel oil price, a move Prime Minister Haider al-Abadi sees as a sign of good will as Baghdad and Kurdish forces continue to fight the Islamic State group, Reuters reports.