- Write by:
-
Tuesday, March 5, 2024 - 00:39:42
-
87 Visit
-
Print
The Turkish unit of SSR Mining Inc. will pay for all cleanup costs following a landslide at its Copler gold mine in eastern Turkey, a top government official said, without citing a specific figure.
Speaking to Bloomberg after a cabinet meeting late Monday in Ankara, Energy & Natural Resources Minister Alparslan Bayraktar said the costs will include the removal of about 10 million tons of waste soil. Work to find nine workers left under the soil from the Feb. 13 incident continues, he said.
“Hundreds of trucks are working at the site, removing as much as 90,000 tons of soil every day,” Bayraktar said. “We’re currently moving them to a temporary location, but once the storage area is ready, it will all be transferred there. The costs will be assumed by the company.”
Anagold Madencilik, 80%-owned by Denver-based SSR Mining, was fined 16.4 million liras after a cyanide spill in 2022, at the time equal to about $1 million. The minister didn’t comment on any new fines.
The mine’s environmental permits were revoked after the incident.
Shares of SSR Mining have fallen 57% to $4.19 in US trading since the landslide. The company retracted its previous guidance on Copler while also suspending quarterly dividend payments and an automatic share purchase plan.
SSR didn’t comment on the possible cost of the cleanup when contacted by Bloomberg.
Short Link:
https://www.miningnews.ir/En/News/628101
Barrick Gold Corp.’s chief executive officer says the gold miner will continue to host virtual-only annual general ...
Canadian miner Barrick Gold on Wednesday beat first-quarter profit estimates on higher bullion prices and said it has ...
Barrick Gold faced criticism outside its annual general meeting on Tuesday in Toronto for supporting Malian rulers with ...
Ucore Rate Metals (TSXV: UCU) has deemed a 26-tonne sample of mixed rare earth carbonate (MREC) from the Wicheeda mine ...
Gold wavered as traders looked ahead to a week with a Federal Reserve rate decision meeting and key US jobs data.
Australian Strategic Materials ASM.AX said on Friday it has received a non-binding letter of interest for a debt funding ...
Newmont Corp beat Wall Street estimates for first-quarter profit on Thursday, as the world’s largest gold miner ...
China’s Zhaojin Mining Industry said on Wednesday that its A$733 million ($477.8 million) offer to buy Australia’s ...
Toronto-listed miner OceanaGold Corp said on Wednesday it will raise 6.08 billion pesos ($106 million) through an ...
No comments have been posted yet ...