Articles for tag: Chile, Consultation, launch, Public, regulation, tailings

May 30, 2024

Ron Finklestien

mining

Chile to launch public consultation on tailings regulation

“Therefore, all of those who live this reality can participate, they can tell us which aspects are properly addressed, which aspects we are missing and which we can modify. That is the spirit of updating a regulation through participation,” the minister said. In the politician’s view, modifying the decree will allow for the development of a clear procedure regarding what it means to reprocess or transport tailings. These two processes are not duly regulated. Despite her acknowledgement of areas for improvement, the mining minister applauded the work of the National Geology and Mining Service, Sernageomin, in monitoring active and inactive

May 26, 2024

Ron Finklestien

mining

Hudbay Minerals closes $402.5 million upsized public offering

In total, Hudbay issued over 42.36 million common shares priced at $9.50 each, including the full exercise of the underwriters’ overallotment for about 5.52 million shares. Originally, it had planned to issue 31.6 million shares plus a 15% overallotment. By midday Friday in New York, shares of Hudbay Minerals traded 2.9% higher at $9.57 apiece, for a market capitalization of $3.4 billion. In Toronto, its shares rose 1.6% to C$12.99 apiece, for a market capitalization of C$4.6 billion. As previously announced, the net proceeds will be used by Hudbay to accelerate mine pre-stripping activities and mill optimization initiatives at Copper