Lundin Mining confirms sinkhole near Ojos del Salado operations in Chile

Kitco Media
By Vladimir Basov
Published
Updated
Kitco News
The Leading News Source in Precious Metals

Kitco NEWS has a diverse team of journalists reporting on the economy, stock markets, commodities, cryptocurrencies, mining and metals with accuracy and objectivity. Our goal is to help people make informed market decisions through in-depth reporting, daily market roundups, interviews with prominent industry figures, comprehensive coverage (often exclusive) of important industry events and analyses of market-affecting developments.

Editor's Note: With so much market volatility, stay on top of daily news! Get caught up in minutes with our speedy summary of today's must-read news and expert opinions. Sign up here!

(Kitco News) - On Monday, Lundin Mining (TSX: LUN) confirmed that a sinkhole was detected near to its Minera Ojos del Salado operations in Chile on July 30, 2022.

The company said that upon detection, the area was immediately isolated and the relevant regulatory authorities notified, adding that there has been no impact to personnel, equipment or infrastructure.

"The surficial sinkhole has remained stable since detection. Minera Ojos del Salado is conducting a technical analysis and gathering information to determine the cause of the event," Lundin Mining said in a statement.

The Alcaparrosa mine, which is part of the Minera Ojos del Salado operations, is continuously monitored and no movement has been detected related to the surficial sinkhole, the company added.

According to a press-release, as a preventive measure, development work in an area of the Alcaparrosa underground mine has been temporarily suspended though is not expected to impact annual guidance for the Candelaria Copper Mining Complex.

Importantly, the company noted that the Alcaparrosa mine contributes approximately 5% to the overall ore processed annually by the Candelaria Copper Mining Complex.

Lundin Mining is a diversified Canadian base metals mining company with operations and projects in Argentina, Brazil, Chile, Portugal, Sweden and the United States of America, primarily producing copper, zinc, gold and nickel.


Chile's mining sector contracts in June as local copper production falls 3.2%

Kitco Media

Vladimir Basov

Vladimir (PhD, MEng in Mining) is a professional mining engineer, scientist and analyst that has more than 20 years of practical in-field and research experience. He is particularly interested in collecting, processing baseline data and writing insightful data-driven mining industry analytics, articles, statistical and research reports.

Mdi Earth Logo

Share

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.