Kingsgate’s Chile silver/gold project gets environmental nod
JOHANNESBURG (miningweekly.com) – The Copiapo environmental regulator in Chile has approved the environmental impact assessment (EIA) that Australian miner Kingsgate submitted for its Nueva Esperanza silver/gold project (formerly the Arqueros project).
The EIA covers all the environmental and social impacts and is a key element in the development of the project, which is located in the Maricunga gold and silver belt.
MD and CEO Gavin Thomas said in a statement on Wednesday that work was still to be completed on the feasibility study but added that Kingsgate remained confident that the project would continue to advance despite a volatile price environment.
The company previously announced that it was looking at the optimum development route for Nueva Esperanza to lower power requirements and capital costs. The key conclusions from this work would be released in the September quarter.
Kingsgate last month announced a A$300-million impairment on its Challenger gold mine, in Australia, as it switched to a revised mine plan to lower capital expenditure and operating costs amid falling gold prices.
Shares in Kingsgate, which also operates the Chatree gold mine in Thailand, exchanged hands for A$1.28 apiece on the ASX on Wednesday, down 1.92% on the previous day’s closing price.
Article Enquiry
Email Article
Save Article
Feedback
To advertise email advertising@creamermedia.co.za or click here
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















