By: Francisca Pouiller
8th January 2010
BUENOS AIRES (miningweekly.com) – Australia's Andean Resources will spend $200-million to build its Cerro Negro gold and silver project, in the north of the Argentine province of Santa Cruz, the company informed the South American country's Minister of Federal Planning and Public Investment, Julio De Vido, this week.
At a meeting with National Mining Secretary Jorge Mayoral on Thursday, CEO Wayne Hubert confirmed that the company plans to start work on the project in the second half of this year, the Argentine Mining Chamber said in a statement.
The development of the project will take more than 20 months and will include the construction of a reservoir, processing plant, camp installations and civil engineering.
The company said that 115-million Argentine pesos will be spent on local construction work, including roads and a power line with substations, which is expected to boost the development of other regional productive activities.
Continue reading the full article at >> The Mining Weekly
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