https://newsletter.mw.creamermedia.com
Copper|Gold|Mining
Copper|Gold|Mining
copper|gold|mining

Atico signs 30-year title for El Roble

27th May 2025

By: Creamer Media Reporter

     

Font size: - +

TSX-V-listed Atico Mining has signed a new 30-year mining title with Colombia’s National Mining Agency (NMA) for its El Roble copper/gold mine.

“The new 30-year title is very positive for the company as it significantly derisks the El Roble operation,” said CEO Fernando Ganoza

“The new title also includes the ability to sell the previously pledged concentrate which will inject material liquidity to the company. Together, these developments will allow us to improve the balance sheet position in the short term, fulfill our obligations, and focus on further extending the El Roble life-of-mine through an aggressive near-mine drill programme currently ongoing.”

The agreement follows a preference right granted under Decree 2477 of 1986 and brings the title under Colombia’s current mining law, Law 685 of 2001. The new contract includes updated regulatory requirements, additional compensation fees to the State, and a formalised community relations expense that Atico had previously been supporting voluntarily.

At the time of the title signing, Atico held about 5 000 wet metric tonnes of unsold concentrate as collateral with the NMA. The new contract releases the pledge over this inventory, which the company estimates is worth about $2 000 per dry metric tonne based on current metal prices.

Edited by Creamer Media Reporter

Comments

Latest News

An image of Valterra CEO Craig Miller
Valterra Platinum makes its debut on the JSE
Updated 6 hours ago By: Tasneem Bulbulia

Showroom

Hanna Instruments (Pty) Ltd
Hanna Instruments (Pty) Ltd

We supply customers with practical affordable solutions for their testing needs. Our products include benchtop, portable, in-line process control...

VISIT SHOWROOM 
Goodwin Submersible Pumps Africa (Pty) Ltd
Goodwin Submersible Pumps Africa (Pty) Ltd

Goodwin Submersible Pumps Africa is sole distributors for Goodwin electrically driven, submersible, abrasion resistance slurry pumps.

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Resources Watch
Resources Watch
28th May 2025

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.144 0.22s - 143pq - 2rq
Subscribe Now