Newspaper article The Canadian Press

Kinross Gold Suspends Operations at Chilean Mine over Water Use Dispute

Newspaper article The Canadian Press

Kinross Gold Suspends Operations at Chilean Mine over Water Use Dispute

Article excerpt

Kinross suspends work at Chilean gold mine

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TORONTO - Kinross Gold Corp. (TSX:K) says it has suspended operations at a mine in Chile ahead of schedule because of a dispute involving water use.

The Toronto-based miner says 300 workers at the Maricunga mine will be laid off as a result of the decision.

Kinross had planned to suspend operations at Maricunga in the fourth quarter of 2016.

But it says it did so earlier than planned after a Chilean court ruled that an earlier sanction imposed by the country's environmental regulatory authority regarding water use was enforceable.

The company says that sanction substantially reduced water pumping at Maricunga, which forced it to reduce operations last month.

Kinross says it has various appeals pending as it continues to "vigorously oppose" the regulatory authority's actions, saying they are technically and legally flawed and rely on contested scientific findings. …

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