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Chile environmental authority to sue Kinross to close Maricunga water pumping wells

The Chilean environmental regulatory authority (SMA) has taken a resolution to to start a legal process to force Canadian gold producer Kinross Gold’s subsidiary Compañía Minera Maricunga (CMM) to close the Maricunga mine’s water pumping wells located in the Pantanillo area of Region III.
TSX- and NYSE-listed Kinross said the Maricunga mine continued to operate normally for now, but relied solely on water from Pantanillo wells to support its operations.