Barrick, Kinross, Goldcorp and amsa lead up to 130 tonnes in 2016
Chile reach the gold Top 10 new mining projects
Pascua Lama and Cerro Casale, Lobo-Marte, El Morro and Hope would be the top five sites that would triple production by 2016.
Michelle L. Cazenave
It seems that 2011 will begin to set a new precedent for gold production in Chile, which more than 10 years as observed their highest levels.
And, even if the country the focus is on copper, at least in the mining sector, where gold is rather a byproduct, however, a portfolio of new projects - which together will already be in regime in 2016 - can anticipate an encouraging picture: Chile would reach 130 tonnes per annum by the second half of the decade.
This was confirmed by Cochilco executive vice president, Andrew Mac-Lean, who said this could mean, as of this year, "an annual average compound growth of 18.3%" for the yellow ore. Even
only for 2011 and production is projected to gold in the country reached 51 tons, which would get well at 54 tonnes in 2000.
But the total number is important not only locally, but also allow the country to set a new mark, based on this mineral: with that Chile would join the ranks of the top 10 gold producers in the world, according to current figures, "going from its current seventh place position, coming even to the levels of production from Peru at number six.
The upcoming portfolio are eight projects in the portfolio that comes to support the rise, led by Pascua Lama and Cerro Casale, Barrick Gold, Lobo-Marte, Kinross, and El Morro, the Goldcorp, reservoirs that together would contribute about 70 tons per year.
This is compounded by the launch in November 2010 of Minera Esperanza, the new field of Antofagasta Minerals, "which will add about 7 tons per year, as a byproduct in concentrates (see table). Just
executive vice president Luksic group's mining arm, Marcelo Awad said that "in the gold market, a production of 100,000 ounces per year and is considered important." Therefore, future projects together would acquire a special relevance for the sector in the country.
For this reason, the executive said that "gold has actually remained strong in recent years and is undoubtedly an important product that provides a credit to our competitiveness as a producer of copper, which remains our focus," said.
In this line, "we hope to continue growing as a producer of gold, always associated with our copper concentrate. If in the years to extend our production capacity in the district of Sierra Gorda, Caracoles Telegraph and deposits, plus what can provide further Pelambres, we are talking about doubling our gold production at the end of the decade " Awad forward.
Historical Prices
The drive for gold in the country is also explained, as Mac-Lean, by the considerable increase that has shown the price of metal, "reaching record levels," he said.
Just today an ounce of gold is around U.S. $ 1,371.31 Value averaging values \u200b\u200bin February and has shown a rising tide from near levels that averaged $ 260 in 2001.
Y "for 2011 we expect the price to remain steadfast, because we expect continued demand for medium term," MacLean said, adding that given this scenario, "is expected that mining can produce gold as a byproduct exploit this condition, considering the favorable market situation. "
Source: df
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