Christopher Ecclestone, principal and mining strategist at Hallgarten + Company, joins Kitco Mining’s Digging Deep with Paul Harris to break down a week of major mining developments and what they reveal about jurisdiction risk, politics, and project strategy.
Ecclestone discusses SSR Mining’s agreement to sell its 80% stake in the Copler mine in Türkiye for $1.5 billion following the February 13, 2024 heap leach disaster that killed nine workers. He said the company is “getting a good price to get the hell out of Dodge.” He also examines AngloGold Ashanti’s decision to sell the stalled La Colosa gold project in Colombia, arguing that “this gigantism in the mining sector is part of the problem” when large open-pit developments face strong local opposition.
Chris Ecclestone also discusses:
• Mongolia seeking a larger share of profits from Rio Tinto’s Oyu Tolgoi copper mine
• Why governments often renegotiate once projects become too large to walk away from
• Argentina’s RIGI investment regime and the push to accelerate mine development
• AbraSilver’s Diablillos project and the return of precious metals mining to northern Argentina
• Lundin Mining’s latest copper expansion in Chile
Don’t forget to subscribe to the Kitco Mining YouTube channel to stay up to date on the latest Digging Deep interviews and industry insights.
01:17 - Turkey Risk and Copler Tailings Fallout
04:25 - AngloGold Sells La Colosa Project
06:20 - Open Pit Mining vs Community Pushback
10:34 - From Emerging Markets Back to North America
13:27 - Panama Lessons and Self-Inflicted Mining Risks
15:22 - When Governments Move the Mining Goalposts
18:27 - Argentina’s RIGI and Political Risk
21:09 - Chile Mining Policy Under President Kast
25:46 - Argentina Silver Comeback vs Mexico
27:39 - Lundin Expands Chile Copper Exposure
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Disclaimer: The views expressed in this podcast 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 podcast do not accept culpability for losses and/ or damages arising from the use of this publication.
