Colombia Says Greystar Can’t Mine for Gold in Watershed
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Greystar Resources Ltd., which last week withdrew permit applications for a $1 billion mine project in Colombia that sparked environmental opposition, can’t build any project in a protected watershed area, the government said.
The company can’t build any underground mine that would “compromise” the watershed, the Energy and Mines Ministry said yesterday on its website. Vancouver-based Greystar said March 18 it was studying alternatives that include an underground mine at its Angostura deposit in northeastern Colombia.