As this media learned, the only initiatives of the Aisa Group that will be temporarily paralyzed are those provided in Mendoza. “Unfortunately, in the province we are conditioned to the resolution of judicial conflicts with the directors of Fecovita, although we are optimistic and continue to trust the judicial system,” Martínez warned.
Retamero and his team plan to Mendoza water projects and sustainable energies. “Mendoza is a beautiful, thriving province, full of history and full of future. And we want to be part of this future by investing in projects for the social development of small and medium-sized producers, so that their viticulture continues to grow and stand out in the world,” highlighted the San Juan executive.
What are the investments in San Juan?
With a break in Mendoza, the group will focus on investments in the Gualcamayo Mine and the Deep Carbonates Project, both located in San Juan. In September 2023, the group – through its company Eris LLC– acquired Gualcamayo de Jáchal, which had presented a closure plan, and which had only two years of production ahead of it.
“However, after a financial restructuring, the mine’s exploration was reactivated, and it went from a negative equity of US$200 million to a positive equity of US$170 million (audited by Price Waterhouse Coopers). This has allowed the conservation of 250 direct jobs and more than 150 indirect jobs,” explained Martínez, who is famous for having discovered Veladero.
The results of the Gualcamayo Mine
During fiscal year 2023, Gualcamayo reached a production of 40,544.58 ounces of gold and 12,978.51 ounces of silver. It is important to highlight that these production levels also allowed the generation of resources for the provincial State, among which stand out: $582 million in royalties and $290 million in contributions to the Infrastructure Trust Fund.
At present, and with the data available from the DCP, both geological, metallurgical and economic, a total of 1.56 M Ounces of gold (15.55 Mt with a grade of 3.09 g) have been converted into reserves (probable and proven). /t Au), which would allow us to design a production plan to be developed for 15 to 17 years, at an average rate of 100 to 105 thousand ounces of gold per year. The investment plan contemplates a disbursement of approximately US$320 million.
Currently, exploratory drilling is being restarted to expand the mineral resource that is open in various directions and at depth, while technical pre-feasibility work is being advanced and detailed.
The Deep Carbonates Project advances
Aisa plans to present the technical feasibility studies for the project in 2025. Deep Carbonates Project. “This project will allow the continuity of gold and silver exploitation in the area, with an investment of approximately US$340 million, which will generate 400 direct jobs and more than 600 indirect jobs for 17 years,” indicated the group’s director and the CMSJ.
He Deep Carbonates Project or DCP (Deep Carbonates Project) is a deposit of gold in sulfides located below the oxide gold mineralization, existing in the Gualcamayo underground mine, composed of the deposits rolled, santiago and feeder.
However, the gold in sulfide mineralization in these deposits is not suitable for the heap leach processing method, which is currently used in the mine, so it will require technical adaptation to produce. However, All underground mine facilities at Gualcamayo serve and will serve as access to this project, therefore, they are maintained in good condition.
The declaration of reserves DCP Project arise from what is recorded in a report in accordance with the standards of the NI 43-101 standard, carried out by an external QP (Qualified Professional), during the month of December 2023. The Deep Carbonates Project already has 2.6 M of GEO ounces of Certified Resources, including more than 1.6 M ounces in the reserves category.
In parallel, an investment plan is being carried out to increase the recovery of existing ounces in the current leaching pile. Preliminary reports indicate a remaining inventory in the order of 1 (one) million ounces of gold in the pile.
Renewable energies: two solar parks to clean up the Argentine energy matrix
He Aisa Group It also invests and develops large clean energy projects. “We are strongly involved with sustainability and we understand that the Cuyo region is ideal for developing renewable energies, which is why the construction of a Photovoltaic Energy Park in San Luis (in the Nogolí area), with an initial investment of US$35 million and which will reach a final capacity of 51 MW, thus generating 150 direct jobs,” Martínez said.
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And in San Juan they are also moving forward with a similar project, although on a larger scale. According to Martínez, they are evaluating building another solar park in Jáchal, at the entrance to the Gualcamayo Mine. “In this case, the investment will be approximately US$600 million, it will create 400 direct and 750 indirect jobs, and it will have a final capacity of 800 MW”he added. Work would begin in 2025.
The 800 mega watts of energy from the Sanjunino Photovoltaic Energy Park It would be enough to power more than one million homes in Argentina (with an average consumption of 600 kilowatts/hour/month). “This renewable energy project would be a significant contribution to Argentina’s energy matrix that causes so many problems year after year not only for residential users but also for factories, companies and businesses,” Martínez summarized.
San Juan: real estate project, Mining Hub and social development
On the other hand, the company has just acquired land in San Juan to develop a real estate project that will directly employ 200 people. “This is the six-hectare property of the former Cinzano, located in a key residential and commercial area of the capital of San Juan.
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On this enormous property, they plan to build between 160 and 200 homes, a hotel, shopping center and recreation areas with a gastronomic area, museum, and offices. In addition, they plan to set up a business development area called “Hub Minero San Juan”, with a total investment of more than US$70 million.
Source: Ambito
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