Monday, September 20, 2010

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Escondido Advances mining project Cerro Moro

The Patagonico.net

EXTORRE GOLD MINE ENVIRONMENTAL IMPACT REPORT PRESENTED TO THE AUTHORITY OF SANTA CRUZ
I had with the authorities of the Ministry of Mining. Moro Mine is 90 kilometers south of Puerto Deseado. If approved the operation, was built between 12 and 18 months. On the other hand, Coeur Argentina confirmed the continuity of the Martha Mine site in 2011.
Caleta Olivia (agency)
Authorities of the Ministry of Production heard the report of the environmental impact study for the exploitation of the Cerro Moro project.
The study was conducted by Eric Roth , chairman of the company; Fernando Chacon, manager, and Gonzalo Damon, manager of Institutional Relations, both Cerro Moro project. The meeting took place on Friday at the premises of the Ministry of Mines to its owner, Oscar Vera Minera Police Director Leopoldo Klein, and part of the new personnel working in the mining portfolio provincial.
In that sense, it was noted that managers of the firm that developed the farm gave details about various aspects of the installation of the processing plant, which will require an estimated construction time from 12 18 months.
Once built, will have a lifespan of approximately 10 years with current resources, processing at a rate of 750 tonnes per day.
The project responds to an ambitious investment plan in the order of 100 million dollars the construction phase, noting that to date, and to carry out the exploration, were invested about 20 million dollars. For labor to be used during this stage, the firm would employ about 300 people, while at the mine will be 300 other people on a permanent basis.

MARTHA MINE EXPANDS
On the other hand, the mining company Coeur Argentina, a subsidiary of Coeur d'Alene Mines Corporation, informed the Ministry of Mines of the Province to continue with the tasks of exploration and mineral recovery until at least December 2011, in the context of entrepreneurship Mina Martha.

This information was provided by Leon Hardy, vice president of operations Coeur Argentina. In this way, the company confirmed its decision to continue with exploration activities at the site located near the city of Gregores Governor, with the aim of extending the mining activities in 2011 and also maintain the 120 jobs being generated. The company is poised for expansion that includes the extension of the Martha Mine operation, as well as Joaquin project, located 90 kilometers from it. According to official reports, Coeur Argentina has operated in Santa Cruz with an investment of 100 million pesos in the last five years

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