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VELADERO IN SAN JUAN





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a mine to extract gold far

By Natalia Muscatelli

ON THE MOUNTAIN. VELADERO MINE IN SAN JUAN OPEN

photo = new Gallery (document.images ["photo"] Array ('/ diario/2009/08/10/thumb/1889653-1.jpg '), document.getElementById ("FotoEpigrafe"), Array (' ON THE MOUNTAIN. VELADERO MINE IN SAN JUAN OPEN. '), document.getElementById ("vinculoFoto"), Array ('1135776'), document . getElementById ("numeroFoto")); foto.setFoto (0); In Peru, the news is Argentina. There

, Canada's Barrick Gold complains regulations. However, do not lose sight of the business and announced the expansion of the mine Veladero.

Located in the province of San Juan, for three years Veladero operated by Barrick Gold. And there seems to have more gold that glitters. So in the last quarter of this year, the mine prepared a second line to enable grinding of metals will increase its production capacity: a work in which the multinational injected an extra investment of $ 70 million. works are by Techint and are to increase from 50 to

85 000 tonnes per day crushing capacity of the mineral. The investment also includes the extension of other buildings in the mine, as a new section to the hotel which currently operates in the Cordillera and other plant to treat sewage.

This widening Veladero investment coincides with the imminent start of construction, also in charge of the multinational project in the Argentine-Chilean Pascua Lama, which starts in September across the Cordillera. The beginning of this mega project was announced by the directors of the company to Cristina Kirchner in May and will demand U.S. $ 3000 million. While only 25% of the potential of the mine is located on the Argentine side. In the local market, development activity is very contrasting, depending on the area where companies try to extract the metals: while some provinces were able to stop the activity in defense of its environmental resources, others, however, with the same fervor encourage the development of the activity.
For Barrick, at this time, the business has for the economic context. "In times of crisis, gold works in reverse as the dollar," said Carlos Cabanillas, corporate affairs manager of the mine in Peru, "because people took refuge in stocks of gold companies or in physical gold," he explains. Globally, during the second quarter, Barrick produced 1.87 million ounces of gold at a cost of $ 452 per ounce. And the results of the company in South America, exceeded what was planned. However, since Barrick say the Argentina is one of the most difficult to work due to the "exaggeration" of audits of government. "Something that others appreciate.

Mining under the microscope





Barrick is one of the world's largest mining companies in gold mining with 25 mines on five continents. Veladero and Pascua Lama along with two other sites operating in Peru, representing one third of business around the world. A profitable business rather than in a context of rising international price of gold and also able to challenge the continued opposition of the environmental movement in relation to the pollution that is attributed to mining due to the use of cyanide in the extraction of metals. But Ibarómetro according to a survey on environmental priorities, only 4.3% of the population is concerned by the open pit mining.

- Clarín, Argentina - August 10, 2009