- Aris Mining (TSX: ARIS, NYSE-A: ARMN) signs a pivotal MOU with Colombia's Ministry of Mines to formalize ASM near Marmato, ensuring safety and sustainability.
- The agreement focuses on the Cerro El Burro area, seeking to enhance environmental outcomes and boost local livelihoods.
- Aris Mining's core operations remain unaffected, with ongoing support provided to ASM units through technical expertise and milling capacity.
Aris Mining Corporation (TSX: ARIS, NYSE-A: ARMN) has entered into a significant Memorandum of Understanding (MOU) with Colombia's Ministry of Mines and Energy. The agreement aims to formalize artisanal and small-scale mining (ASM) activities near Marmato, specifically in the Cerro El Burro area. This initiative targets improvements in safety, environmental impact, and local community livelihoods.
Key elements of the MOU include developing a regulatory framework, offering technical support, and promoting environmental stewardship. Importantly, the formalization process will not impact Aris Mining's core operations, which include the Narrow Vein Zone (Upper Mine) and the Bulk Mining Zone (Lower Mine), both remaining 100% owner-operated.
Aris Mining aims to facilitate ASM operations by providing access to milling capacity from its existing Narrow Vein Zone flotation plant, coupled with technical, operational, and environmental guidance. The effort aligns with Colombia's "Special Mining District for Peace and Life" initiative, prioritizing sustainable mining practices and socio-environmental planning in Marmato.
This partnership not only promises operational stability but also signifies a strategic move for Aris Mining to access new gold resources without affecting its primary operations. The MOU represents a collaborative framework for transitioning ASM groups into the formal economy, showcasing the Colombian Government's commitment to work closely with established operators such as Aris Mining.
