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Gold/Mining/Energy : Mining News of Note

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To: LoneClone who wrote (104541)	1/9/2014 7:05:56 PM
From: LoneClone	Read Replies (1) of 193039

Chile SEA watch: Mining projects worth US$720mn submitted in December By Juan Andres Abarca - Monday, January 6, 2014 bnamericas.com Chile's environmental evaluation service SEA received US$720mn worth of mining projects for evaluation in December, according to information compiled by BNamericas. A total of 54 projects were submitted for evaluation last month. The environmental system was flooded with new projects in the run-up to December 24, when new permits rules took effect. Seven of the projects failed to meet the necessary paperwork requirements, while a single project was removed from the evaluation process by its controller. The other 46 projects continue to be under evaluation. The largest was the US$120mn non-metallic project presented by local iodine producer Algorta Norte. The project involves the expansion of its facilities in northern region II via the recuperation of nitrate salts. Next up was the US$85mn upgrade of the Puquios open pit copper project submitted by mining company Cuprum Resources. The project entails changes in the location and design of the heap leaching SX-EW processing plant, among other modifications. Of the other projects submitted in December, three involve planned investment of over US$50mn and eight with planned investment between US$10mn and US$50mn. The remaining 41 projects have an average investment of US$1.7mn.

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