Articles for tag: ban, bill, Mexico, mining, open, Pit, review

December 26, 2024

Ron Finklestien

mining

Mexico Considers Legislation to Prohibit Open Pit Mining

Mexico’s Open-Pit Mining Future Under Review Amid Economic Concerns “Open-pit mining warrants a thorough review, as activities such as sand extraction for cement production and lithium mining — critical for national development — are conducted using this method. It is vital to assess the specifics of the constitutional reform’s provisions,” Sheinbaum said in a statement. Environmental Safeguards versus Corporate Interests She emphasized that the review will focus on ensuring environmental protection and is independent of corporate interests. Industry Resistance to Mining Ban The Mexican Mining Chamber (Camimex) has voiced strong opposition to the proposed ban. Open-pit mining accounts for 60% of the

January 26, 2024

Ron Finklestien

mining

BHP Faces Review of $9.7bn Charges Over Brazil Dam Failure BHP Faces Review of $9.7bn Charges Over Brazil Dam Failure

Five years have passed since the devastating collapse of the Fundão dam in Brazil, yet the repercussions for BHP, one of the joint owners of the Samarco venture with Vale, are far from over. The dam failure unleashed a cataclysmic 39.2 million cubic meters of tailings waste into the Rio Doce Basin, an environmental catastrophe that took the lives of 19 individuals. This week, BHP has been confronted with an interlocutory ruling, a pivotal development in the protracted legal fallout stemming from the calamitous event. BHP has been at the center of a legal maelstrom following the 2015 dam breach,