Maricunga Gold Mine

Mine in Chile

MaricungaLocation

Maricunga

Location of Maricunga

Location| Maricunga mining district
Region| Atacama
Country| Chile
Coordinates| 27°32′0″S 69°18′0″W﻿ / ﻿27.53333°S 69.30000°W﻿ / -27.53333; -69.30000
Production
Production| 156,590[1]
Financial year| 2010
History
Opened| 2005
Active| 2005-present
Owner
Company| Kinross Gold
Website| kinross.com
Year of acquisition| 1998 (50%)
2007 (100%)

Maricunga Gold Mine is an open pit gold mine in Chile. It is owned by Toronto-based Kinross Gold, but it has been closed since August 2016.[2]

## Geology

[edit]

The Maricunga Gold Mine is located within the Maricunga Gold Belt of Chile.[3] Poyrphyry gold mineralization occurs in the early Miocene (dated to 22 to 24 million years ago) Maricunga volcanic-intrusive complex.[3]

## Description

[edit]

In 1998 Kinross began operating the mine following a merger with Amax Gold (which changed its name to Kinam[4] ), which held a 50% stake in the property, with the remainder coming with the 2007 purchase of Bema Gold Corporation.[1] In 2010 Kinross announced completion of a feasibility study for a $290 million expansion project to the Maricunga mine, which would increase production by 10 million tons, and 90,000 ounces per year. The expansion includes additions to their mobile equipment fleet, additional crushers and a 3 km (1.9 mi) long conveyor.[5]

In August 2016, Kinross ceased operations at the Maricunga gold mine, resulting in a layoff of 300 employees. The decision to close the mine was the result of the Chilean government "shut[ing] down the water system linked to the operation over environmental concerns."[2]

## References

[edit]

1. ^ a b "Maricunga, Chile". Kinross Gold. Retrieved 27 August 2011.
2. ^ a b Jamasmie, Cecilia (26 August 2016). "Kinross Gold halts Maricunga mine in Chile, lays off 300 workers". Mining.com. Retrieved 28 August 2016.
3. ^ a b Bélanger, M. (December 31, 2007). "Technical Report for the Maricunga Gold Mine (Located in the Maricunga District of Region III, Chile) Prepared for Compañia Minera Maricunga and Kinross Gold Corporation" (PDF). Archived from the original (PDF) on 29 March 2012. Retrieved 1 September 2011.
4. ^ "Glossary". Kinross Gold. Retrieved 3 September 2011.
5. ^ Hill, Liezel (5 August 2010). "Kinross puts $290m price tag on Maricunga expansion". Creamer Media's Mining Weekly. Retrieved 31 August 2011.

## Further reading

[edit]

* Webb, K. 2010. "Corporate Social Responsibility at Kinross Gold's Maricunga Mine in Chile: A Multiperspective Collaborative Case Study". Toronto, ON.

* v
* t
* e

Kinross Gold

Mines|

| Africa|

* Chirano
* Tasiast

|

North America|

* DeLamar
* Fort Knox
* Round Mountain

Asia|

* Kupol
* Dvoinoye

South America|

* Crixás
* La Coipa
* Maricunga
* Paracatu

*[v]: View this template
*[t]: Discuss this template
*[e]: Edit this template