Saturday, April 25, 2009

Barrick CEO meets with Bachelet to speed up Pascua Lama

(LA Terceda) Barrick Gold is making a strong attack in recent days to announce soon the date of its binational Pascua Lama project, which will involve an investment of around U.S. $ 3,000 million.

After the middle of last week the founder and manager of the mine up, Peter Munk, met with the President of Argentina, Cristina Fernandez, CEO Aaron Regent yesterday joined with the Chilean president, Michelle Bachelet.

Close to 18 hours yesterday and without telling the press, the senior executive of Barrick accompanied by Deputy Director of the company, José Antonio Urrutia, and Minister of Mining, Santiago González, met with Bachelet for about an hour.

And while the minister and the executives made statements to the output, government sources indicate that the visit is part of the senior executive in the last movement of the company before announcing the start of construction of the mining project Pascua Lama gold.

The idea was announced in September, with the assurance that in Chile and Argentina resolve differences and tax that have prevented the start of construction. In the coming days will meet again tax technicians from both countries in Buenos Aires to try to close the gap on the issue of taxation of cross-border services.

Government sources indicate that President Fernandez instructed his main tax authorities for this purpose.

Source / La Terceda

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