Aris’ Segovia operations in Colombia. Credit: Aris Mining
A Canadian company’s novel approach to informal mining is being put to the test after more than 20 workers were trapped by a collapse at a gold mine in Colombia.
The miners are reported to be in good health and are expected to be freed in the coming hours, according to Colombian mining authority ANM. They’ve been trapped underground since a collapse at the mine’s main access at about 11 a.m. local time Monday.
The accident took place at La Reliquia, which is one of the previously informal operations within Aris’ land holding in Segovia, Antioquia department. Aris shares fell as much as 11% and were down 5.2% at 12:37 p.m. in Toronto.
Typically, established mining companies look to expel informal miners from their properties. Instead, the firm backed by Canadian investor Frank Giustra is helping them with financing, planning and safety…
