https://www.miningweekly.com

Lundin group sees Argentine gold and silver mine opening in 2026

25th February 2021

By: Reuters

  

Font size: - +

BUENOS AIRES – Canadian mining group Lundin plans to begin operating its Argentine silver-gold-copper project Josemaria in 2026, after an investment of $3.09-billion, a company spokesman told Reuters on Wednesday.

Argentina is pointed out by many experts as a country with great untapped mineral wealth, mainly along the Andes mountain range. If San Juan province approves an environmental study this year, as expected, construction of the mine will begin in 2022.

"In 2021 the approval of the environmental impact report is expected", said Ivan Grgic, head of institutional relations for the Josemaría project. "The approvals will allow the start in 2022. The projection is to operate the mine commercially from 2026," Grgic added.

With an estimated useful life of 19 years, the site has 31-million ounces of silver, 7-million ounces of gold and 6.7-million pounds of copper.

San Juan Mining Minister Carlos Astudillo recently said he wants the approval to be handed down as soon as possible.

"Our commitment is that this request will be answered over the next few months," Astudillo said.

Edited by Reuters

Article Enquiry

Email Article

Save Article

Feedback

To advertise email advertising@creamermedia.co.za or click here

Showroom

SABAT
SABAT

From batteries for boats and jet skis, to batteries for cars and quad bikes, SABAT Batteries has positioned itself as the lifestyle battery of...

VISIT SHOWROOM 
Rittal
Rittal

Rittal is a world leading provider of top-quality integrated systems for enclosures, power distribution, climate control, IT infrastructure and...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.047 0.951s - 110pq - 2rq
Subscribe Now