RE:RE:GOOD NEWS AHEAD Here is a Google Spanish / English translation
Canadian mining company is preparing to launch the construction of a gold mine for U.S. $ 150 million
Published on February 20, 2014 by Trader On Line. in Featured with 0 Comments
By Nieves Otero | The Online Investor
Facundo Huidobro , executive of the Canadian mining Goldrock Mines , spoke about the state of the project boundary , which develops in the Puna , in the province of Salta and requires an initial investment of over 150 million.
Huidobro was positive about the state of the project and said that they are waiting to get investors to begin construction of the mine, but estimated that the funding will be for the first half of the year.
" Lindero is a gold project that is discovered by Mansfield dependent Goldrock , is located in the Puna and fairly is a gold project that is expected in a traditional mining, open pit ," he said in a conversation with The Investor Online.
" It is all ready for casting permits the construction of the mine. We're just working, and bought the machinery that has long lead not fall behind in the calendar (one roll high pressure takes over a year to reach the country) and on the other hand , let's start with the design mine with a company in the U.S. and Argentina , "said Huidobro.
Facundo Huidobro , director of Mines Goldrock
Meanwhile, he said that the roads are paving the issue of transport and infrastructure and what needs to be done at the moment is "seek other funding . Part of which is achieved with the Argentine capital investment . "
On finance , recalled : " Late last year, the company Austral Gold , which is Argentina , acquired 15 percent of Goldrock and one of the principal owners is Eduardo Elsztain " . " Now it is seeking funding that is to begin construction of the mine ," he added .
"There are investments to achieve the rest of the financing and start construction , but a matter of time," he said confidently and listed the reasons why he thinks there is no problem when confirming investors ' boundary is considered one of mostly ready projects , low technical risk , so no raises questions from that point, with a very strong social acceptance in the region and all environmental permits facts. "
The terms : "It is estimated that this year and will start with the construction , it was believed to be in the first half , but that will depend on the funding , about , I think the investment climate is returning in this 2014 " .
It is believed , confirmed Huidobro, a thousand people who work in the construction of the mine , where more labor is required and that the process would take between a year and a half to two years , while in the operation would require a 400 jobs as direct labor . Indirect would multiply by four .
So far there were no problems with imports of machinery : "These are teams that are not made in Argentina but are produced outside. With our first experience there was no problem , fast DJAI was obtained. The machine will take a year to arrive, but not CUSTOM issues , but because it is made to order and then overtaking much of the money. "
One of the themes that marked the agenda in the sector was the devaluation of the peso , which occurred on Jan. 23 : "It positively affects considering that the dollar is worth more , but to some extent , because it is important to consider the issue of inflation, which in the long run it makes little sense . "
"These are local issues , but the biggest hurdle to overcome is to international markets , the price of gold is 1300 and hopefully improve commodity and they start to see good prospects in mining investment internationally" he added