“The state mining company PRC assumes part of the exploratory risk and retains the right to purchase the property in the future, aiming to start work in September/October,” the governor announced. Rodolfo Suarez through their social media accounts.
The initiative contemplates the possibility of associating, looking for investors or the future purchase of the place in case of obtaining positive results after the exploratory process that is already known to be “very good quality iron and very significant for Argentina”, they commented from the area of Economy.
The Indian Iron Project is an iron deposit located 55 kilometers southwest of the main town of Malargüe, south of Mendoza, on the border with Neuquén.
As reported, “the exploration budget will be used for road improvements, temporary camp assembly, drilling and laboratory analysis; the funds will be provided by PRC’s operating savings.”
the mine of Hierro Indio potentially has the capacity to replace up to 30% of iron imports from Argentina, everything to be confirmed with the results of the exploration.
In 2019, the Government presented the Environmental Impact Statement in the Legislature that has already been approved, which contemplates the obligations that the company must comply with throughout the procedure regarding the care of the soil, water and air.
Source: Ambito
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