Project Updates

Los Bronces mine

Los Bronces mine

Mine Type: Open-cut 

Location: North of Santiago, Chile 

Reserves: 11.5 million tonnes of copper

Chile’s Ministry of Environment granted an environmental permit for a $3bn extension of the mine in April this year, enabling Anglo American to mine higher-grade ore from a new underground section of the mine. In addition to its copper reserves, the mine also produces molybdenum.

Minastyc mine

Mining in Indonesia. Credit: OlliverQueen via Shutterstock

Mine Type: Surface 

Location: Vichada, Colombia 

Reserves: Unannounced; 72kg of tested ore yielded a rare earth concentration of 68.25%

Auxico Resources Canada’s Minastyc mine in Vichada, Columbia, could move a step closer towards production, as the Colombian Environmental Authority has granted environmental approval to the project.

Tormin project

Tormin mine

Mine Type: Sand mining 

Location: North of Cape Town, South Africa

Reserves: 2.7 million tonnes of commodities including zircon and ilmenite

Mineral Commodities (MRC) is planning to increase its stake in Mineral Sands Resources (MSR), which owns the Tormin mineral sands operation in South Africa, to 69%. MRC has so far developed and operated the Tormin project through its 50% stake in MSR.