Canadian miner Barrick Gold announced onThursday it will start building a massive mining project, to produce 750,000 to 800,000 ounces of gold a year in the Chilean-Argentine border area.
The company said in a statement that Chile and Argentina had reached an agreement to approve the project, and have both issued permits for the construction.
The project [...]

The Argentine province of Neuquen plans to seek bids for mining exploration concessions in five new areas showing the promise of gold, coper, silver and zinc reserves, according to local news site Rio Negro Online.
Provincial mining company La Corporacion Minera del Neuquen, or Cormine, will offer the concessions on 78,000 hectares on which it [...]

It is news that Barrick Gold Corp.’s (ABX) investors have awaited for years — the near-mythical Pascua-Lama project on the Chile-Argentina border was finally green-lighted on Thursday, shortly after the two countries reached a cross-border tax agreement.
Barrick expects construction costs of $2.8-billion to $3-billion. That is roughly in line with the projection of TD [...]

BUENOS AIRES (miningweekly.com) – The construction of Barrick Gold’s Pascua Lama project, on the border of Argentina and Chile, is expected to contribute significantly to local economic development, government officials and company representatives said this week.
Barrick announced plans to build the project on Thursday, which, fittingly, is when Argentina celebrates ‘national mining day’, with [...]