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Pascua-Lama Cancelled

Project Stages

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Early Works
Current Stage: Prefeasibility
Start: 07/2017
In Construction
Operation
Project Details

Description

Pascua-Lama, the world's first binational mining project, seeks to develop an underground gold mine. It is one of the world's largest gold and silver resources. The mine is expected to have low operating costs and the potential to generate significant free cash flow. The project will require 5,500 workers during the construction phase and will then generate 1,600 direct jobs and 4,000 indirect jobs during the ensuing operational phase.

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Principal Works

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Related Companies

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Key Specs

Full Name
Pascua-Lama
Project Type
Copper, Gold, Open pit mining, Silver
Development Phase
Prefeasibility
Project Status
Cancelled
Project Capacity
4,800  t/y (tons per year)  Copper
775,000  oz/y (ounces per year)  Gold
 Open pit mining
300,000,000  oz/y (ounces per year)  Silver
Investment
US$ 8.5bn
Lifespan
25
Location

Straddling the border of Argentina and Chile, the project is located in Chile's Huasco province in the Atacama region, and Argentina's San Juan province at an elevation of 4,000m.

* The map coordinates represent the approximate latitude and longitude, and not the exact location of the project.


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Owner / operator
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Senior Vice President, Communications
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Senior Vice President, Investor Relations
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