Colombia environmental authority shelves AngloGold licensing request

‘ANLA’s technical team established it is not possible to submit an in-depth decision about the request for environmental licensing for the mining project, and so it must be archived,’ the statement said.
Image: Nadine Hutton/Bloomberg News

Colombia’s environmental licensing authority has shelved a permissioning process for AngloGold Ashanti Ltd’s Quebradona copper project, the authority said on Monday.

The decision was taken “following a technical, rigorous and comprehensive evaluation of the environmental impact study, of what was collected during site visits, of additional information presented by the company and the perspectives of other entities,” the ANLA authority in a statement.

“ANLA’s technical team established it is not possible to submit an in-depth decision about the request for environmental licensing for the mining project, and so it must be archived,” the statement said.

AngloGold Ashanti said it had no immediate comment. The company can appeal the decision.

The principal technical considerations that led to the shelving were the definition of the project’s area of influence, hydrological, geo-technical and hydro-geological issues and considerations related to the disposal of mining residue, the ANLA said, without providing further details.

The exploration in Jerico, in Antioquia province, has already faced local opposition similar to efforts that forced the company to abandon a $2 billion gold project in the country in 2017.

Exploration work at Quebradona was briefly halted in 2019 before a provincial environmental authority said it could continue.

Colombian mining projects must have environmental approval, as well as other permissions, to move ahead. The licensing process often takes years.

The evaluation was conducted by experts and included two site visits in March and September 2020, the authority said, adding that more than 200 other stakeholders, including community members were consulted.

The company provided a response to additional questions on the project in January, it added.

VIDEOS

COMMENTS   0

You must be signed in and an Insider Gold subscriber to comment.

SUBSCRIBE NOW SIGN IN

LATEST CURRENCIES  

USD / ZAR
GBP / ZAR
EUR / ZAR
BTC / USD

SEARCH COMPANIES
Enter company name or share code:

ECONOMIC DATA  

  CPIThe Consumer Price Index (CPI) measures monthly changes in prices for a range of consumer products Oct 2021 5.00%
  CPI ex OERThe Consumer Price Index excluding Owners’ Equivalent Rent (CPI ex OER) measures monthly changes in prices for a range of consumer products excluding Owners’ equivalent rent that measures changes in the cost of owner-occupied housing Oct 2021 5.50%
  RepoThe rate at which the Reserve Bank lends money to the country’s commercial banks and set by the Reserve Bank’s Monetary Policy Committee. Nov 2021 3.75%
  Prime lendingThe Prime Lending Rate is the rate of interest that commercial banks will charge their clients when issuing a loan (home loan or vehicle finance) Nov 2021 7.00%
INSIDER SUBSCRIPTION APP VIDEOS RADIO / LISTEN LIVE SHOP OFFERS WEBINARS NEWSLETTERS TRENDING

Follow us:

Search Articles:
Click a Company: