Colombia's environmental licensing authority has shelved a permissioning process for AngloGold Ashanti Ltd's Quebradona copper project, the authority said on Monday. The decision was taken "following a technical, rigorous and comprehensive evaluation of the environmental impact study, of what was collected during site visits, of additional information presented by the company and the perspectives of other entities," the ANLA authority in a statement. "ANLA's technical team established it is not possible to submit an in-depth decision about the request for environmental licensing for the mining project, and so it must be archived," the statement said.
Peru's socialist president, Pedro Castillo, urged Congress on Monday to draft a bill for the "nationalization" of Peru's natural gas sector, undoing previous statements in which he said he would not seek to nationalize parts of the economy. In remarks broadcast on government-owned TV Peru, Castillo said he wanted "to draft a joint bill with Congress regarding the nationalization of (the natural gas sector)."
High energy costs have sparked a run in commodity prices, but China’s collapsing real estate sector could bring metal markets back to Earth