Kinross suspends Chile mine ops, lays off 300 workers

Canadian miner Kinross Gold has laid off about 300 workers at its Maricunga mine, in Chile, after it was forced to suspend operations earlier than planned owing to a court ruling upholding a local regulator’s resolution to close the mine’s water pumping wells. Kinross previously stated that it planned to suspend mining at Maricunga in the fourth quarter, owing to other capital priorities in its global portfolio. However, Reuters reported last week that Kinross was looking to sell the asset in a bid to exit the jurisdiction.