El Morro mine

Last updated
El Morro mine
Location
Region Atacama Region
Country Chile
Production
Products Copper
Gold
Molybdenum
Owner
Company Newmont (50%)
Teck (50%)

The El Morro mine is one of the largest gold mines in Chile and in the world. [1] The mine is located in the north of the country in the Atacama Region. [1] The mine has estimated reserves of 6.7 million oz of gold. The mine also holds reserves amounting to 449.5 million tonnes of ore grading 0.49% copper. [1]

Contractors who have worked in this mine are Hatch, AMEC, Fluor Corporation, Bechtel. Siemens was awarded to do electrical engineering. [2]

A 70% ownership stake was sold by Xstrata to Barrick Gold for $465 million USD in 2009, with the remaining 30% owned by New Gold Inc. [3]

Development of the mine was initially halted in 2012 due to a lack of consultation with the local indigenous Diaguita community, but in 2014 a Chilean appeals ruled the project could proceed. [4] This was then overturned by the Supreme Court of Chile later that year. [5] [6]

In 2015, the mine was combined with the nearby Relincho project to a single venture called NuevaUnión split 50-50 between Goldcorp and Teck. [7] Goldcorp was merged with Newmont in 2019.

See also

References

  1. 1 2 3 "El Morro - Overview & Operating Highlights". goldcorp.com. 2013. Archived from the original on 2013-05-31. Retrieved 2013-06-18.
  2. ↑ "El Morro Project". digiscend.com. Retrieved 21 June 2015.
  3. ↑ "Xstrata Agree $465m Sale of Chilean El Morro Project to Barrick Gold". Proactiveinvestors NA. 2009-10-12. Retrieved 2022-07-23.
  4. ↑ "Big win for Goldcorp's $3.9 billion El Morro mine in Chile". MINING.COM. 2014-04-30. Retrieved 2022-07-23.
  5. ↑ "Chile suspends Goldcorp's El Morro mine - Environment News". Al Jazeera. 2014-10-08. Retrieved 2022-07-23.
  6. ↑ "Update 1-Goldcorp's El Morro mine halted by Chile Supreme Court". Reuters. 2014-10-07. Retrieved 2022-07-23.
  7. ↑ "Newmont, Teck to invest $152m in Chilean copper-gold project". mining.com. 2020-02-20. Retrieved 2022-07-23.

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