https://www.miningweekly.com
Business|Gold|PROJECT|Underground
Business|Gold|PROJECT|Underground
business|gold|project|underground

Newmont to invest $540m in Argentina mine

1st June 2023

By: Bloomberg

  

Font size: - +

Newmont, the world’s biggest gold producer, plans to invest about $540-million at its Cerro Negro mine in Argentina, according to the government of the South American nation.

The project will extend the life of the mine in Santa Cruz province to 2034, the government said in an emailed statement Wednesday. Newmont didn’t immediately respond to messages left requesting comment.

Last year, Cerro Negro generated more than $500-million in exports, making it the most important mine in Santa Cruz. It’s comprised of three underground operating mines and two deposits being developed, as well as five other deposits.

While Argentina’s protectionist bent and politically volatile past still make it a tricky place to do business, the cash-strapped nation is looking at ways to boost the appeal of developing more of its vast deposits and attract more hard currency.

Edited by Bloomberg

Comments

Showroom

DACHSER Intelligent Logistics
DACHSER Intelligent Logistics

Global logistics company DACHSER offers transport logistics, warehousing, contract logistics and industry-specific solutions in two business fields...

VISIT SHOWROOM 
Gedore Tools
Gedore Tools

Gedore Tools strive to be a leading supplier of superior quality tools to its designated markets.

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:0.066 0.101s - 89pq - 2rq
Subscribe Now