Environmental authority shelves Minesa’s licensing application for $1.2 bn Soto Norte gold project

Colombia’s National Authority of Environmental Licences (ANLA in Spanish) announced over the weekend its decision to shelf the licensing application for Sociedad Minera de Santander’s proposed Soto Norte gold project, on acccount of too many doubts around certain aspects presented in the project’s environmental impact assessment and follow-up documentation submitted by the company at ANLA’s request. Minesa, is owned by the government of Abu Dhabi through its investment arm Mubadala Investment Company. Minesa’s proposal is a $1.2-billion operation to be located in the north-central Santander department, just outside the Páramo de Santurbán, where mining was banned in 2011.

Source: Mining.com