AngloGold resigned to losing Colombia mining

South African mining giant AngloGold Ashanti announced it has given up on plans for the world’s largest open-pit goldmine in central Colombia’s Cajamarca after the town almost unanimously voted to ban mining.

The suspension is a major setback for the mining company that has been preparing to dig the world’s largest open-pit gold mine from a mountain near the town since 2002.

The company had been preparing the “La Colosa” project when in March, 98 percent of Cajamarca’s voters said “No” to mining in their municipality.

Source: Colombia Reports