en.Wedoany.com Reported - Salta Province Governor Gustavo Sáenz held a working meeting with executives from Canadian mining company AbraSilver Resource Corp. to discuss progress on the Diablillos metal mining project located in the Puna Plateau. The project has been included in Argentina's Large Investment Incentive Regime (RIGI).
Participants in the meeting included AbraSilver Country Manager Eugenio Ponte, Financial Director Carlos Pinglo, Project Manager Gonzalo Montebelli, and Salta Mining Minister Gustavo Carrizo. The meeting reviewed the project's development status, next-stage construction plans, and their impact on employment and the regional economy.
According to the investment plan approved under the RIGI framework, the initial investment amounts to $481.7 million for the construction of the mine and processing plant. The company forecasts that total investment will increase to $764 million as project development progresses.
The project plans to process 9,000 tons of ore per day, with an estimated mine life of 20 to 25 years. Initial operations will focus on gold and silver extraction from oxide ore, with an initial operating period of approximately 14 to 15 years, while exploration activities will be carried out to extend the deposit's lifespan.
Currently, the Diablillos project is in the site preparation phase, with employee accommodation facilities under construction. According to the timeline, construction work will begin in 2027, peak between 2028 and 2029, and commercial production is expected to start approximately three years later.
The Salta Mining Ministry issued the project's environmental impact statement in April, followed by approval of related permits from the Catamarca provincial government, completing the environmental assessment process in both provinces. The deposit is located in the Puna Plateau region, straddling the border between Los Andes Department in Salta Province and Antofagasta de la Sierra Department in Catamarca Province.
This meeting reflects progress on one of the most significant metal mining projects in northwestern Argentina. The project will not only strengthen gold and silver production in the region but also drive new investment, employment, and local supplier development, consolidating mining growth in northern Argentina.
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