A ceremony is held, led by Gov. Sergio Uñac, to demonstrate the support from the government and to mark the important milestone, the company says. (Photo: Josemaria Resources)
An environmental social impact assessment (ESIA) has been completed for Josemaria Resources Inc.’s 100% owned copper gold project in the San Juan province of Argentina. The project has proven and probable mineral reserves of 6.7 billion lbs copper, 7 million ounces (oz) of gold, and 30.7 million oz of silver. A ceremony was held, led by Gov. Sergio Uñac, to demonstrate the support from the government and to mark the important milestone, the company said.
“The ESIA brings us a step closer to achieving our goal of developing Josemaria into a large-scale copper producer in time to meet rising worldwide demand and ensuring the surrounding communities and stakeholders receive direct and indirect benefits from the project,” CEO Adam Lundin said.
The Josemaria project, optimally located in the San Juan province of Argentina, is on track to become one of the next major copper-gold project developments globally. Project construction is expected to create more than 4,000 jobs and more than 1,000 operations jobs once in production.
Uñac said there were many benefits to working with Josemaria. “They have demonstrated reliability and their positive goals with regards to the environment and the community are in alignment with ours in San Juan,” he said. “Their planned investment of $3 billion in our San Juan province, would be the engine for improving the livelihoods of the stakeholders and the local communities.”
Josemaria will double provincial exports and increase mining employment by more than 30%, he added.
Josemaria is a Lundin Group company and works in partnership with the Lundin Foundation to execute best practices in responsible mineral development in Argentina where the Lundin’s have a 30-year track record of value creation.
