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Lundin plans to operate from 2026 an Argentine gold and silver mine with an investment of 3,090 million dollars

FILE PHOTO-A man walks past the Lundin Group mining company booth during the Prospectors and Developers Association of Canada (PDAC) annual convention in Toronto, Ontario, Canada.  March 4, 2019. REUTERS / Chris Helgren

FILE PHOTO-A person walks previous the Lundin Group mining firm sales space throughout the Prospectors and Builders Affiliation of Canada (PDAC) annual conference in Toronto, Ontario, Canada. March 4, 2019. REUTERS / Chris Helgren

BUENOS AIRES, Feb 24 (.) – Canadian group Lundin plans to begin working its Argentine silver-gold-copper venture Josemaría in 2026, following an investment of $ 3.09 billion, a spokesman for the corporate.

Argentina is identified by many consultants as a rustic with nice mineral wealth -mainly alongside the Andes mountain range-, little exploited to date.

If the Andean province of San Juan approves the environmental report this yr, as anticipated, building of the mine will start in 2022.

“In 2021 approval of the environmental influence report is predicted”, with which “the approvals will enable the beginning in 2022, the projection is to operate the mine commercially from 2026”, stated Iván Grgic, head of institutional relations for the Josemaría Mission.

With an estimated helpful life of 19 years, the mine has sources of 31 million ounces of silver, 7 million ounces of gold and 6.7 million kilos of copper.

San Juan Mining Minister Carlos Astudillo not too long ago expressed the province’s dedication to see that the approval be accomplished as quickly as potential.

“Our dedication is that this request shall be answered within the brief time period of the following few months,” Astudillo stated.

(Report by Hernán Nessi :; Edited by Jorge Otaola / Nicolás Misculin)

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