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El Morro mine

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Mine in Atacama Region, Chile
El Morro mine
Location
RegionAtacama Region
CountryChile
Production
ProductsCopper
Gold
Molybdenum
Owner
CompanyNewmont (50%)
Teck (50%)

The El Morro mine is one of the largest gold mines in Chile and in the world. The mine is located in the north of the country in the Atacama Region. The mine has estimated reserves of 6.7 million oz of gold. The mine also holds reserves amounting to 449.5 million tonnes of ore grading 0.49% copper.

Contractors who have worked in this mine are Hatch, AMEC, Fluor Corporation, Bechtel. Siemens was awarded to do electrical engineering.

A 70% ownership stake was sold by Xstrata to Barrick Gold for $465 million USD in 2009, with the remaining 30% owned by New Gold Inc.

Development of the mine was initially halted in 2012 due to a lack of consultation with the local indigenous Diaguita community, but in 2014 a Chilean appeals ruled the project could proceed. This was then overturned by the Supreme Court of Chile later that year.

In 2015, the mine was combined with the nearby Relincho project to a single venture called NuevaUnión split 50-50 between Goldcorp and Teck. Goldcorp was merged with Newmont in 2019.

References

  1. ^ "El Morro - Overview & Operating Highlights". goldcorp.com. 2013. Archived from the original on 2013-05-31. Retrieved 2013-06-18.
  2. "El Morro Project". digiscend.com. Retrieved 21 June 2015.
  3. "Xstrata Agree $465m Sale of Chilean El Morro Project to Barrick Gold". Proactiveinvestors NA. 2009-10-12. Retrieved 2022-07-23.
  4. "Big win for Goldcorp's $3.9 billion El Morro mine in Chile". MINING.COM. 2014-04-30. Retrieved 2022-07-23.
  5. "Chile suspends Goldcorp's El Morro mine - Environment News". Al Jazeera. 2014-10-08. Retrieved 2022-07-23.
  6. "Update 1-Goldcorp's El Morro mine halted by Chile Supreme Court". Reuters. 2014-10-07. Retrieved 2022-07-23.
  7. "Newmont, Teck to invest $152m in Chilean copper-gold project". mining.com. 2020-02-20. Retrieved 2022-07-23.


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