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    Tag: Mining

    Chile’s lawmakers to investigate Codelco

    Members of the lower house in Chile’s Congress have unanimously approved creation of a special investigative commission to examine a series of alleged irregularities at state-owned copper producer Codelco. The issues are: overestimation of production by almost 27,000 t last year; a multimillion-dollar renovation of the company’s headquarters in Santiago; and, maybe, the collapse of a chimney at Potrerillos copper smelter in the Atacama region of northern Chile. The structural failure has forced a production suspension.

    Mining licence approved for Ammaroo phosphate project

    Austrlai’s Northern Territories Government has approved a mining licence for Verdant Minerals’ Ammaroo phosphate project. The approval follows the granting of two mineral leases in March and represents a critical step towards construction and mining operations at one of the world’s largest phosphate resources. Verdant estimates the value of production over the life of the mine to exceed $15 billion. Verdant says that securing the mining licence puts the project firmly on track to reach a final investment decision and commence construction as early as mid-2027. Located 200 kilometres south-east of Tennant Creek, the Ammaroo phosphate deposit contains more than one billion tonnes of phosphate ore.