Argentina rescinds Famatima mining concession - WAOW - Newsline 9, Wausau News, Weather, Sports

Argentina rescinds Famatima mining concession

Posted:
BUENOS AIRES, Argentina (AP) -

 Argentina's La Rioja province is rescinding the concession for the Famatima gold mining project after widespread environmental protests.

   The Telam state news agency said Wednesday that the provincial government and the Montreal-based Osisko Mining Corporation signed a contract to rescind their 2011 agreement.

   The provincial government said a string of protests by activists protesting environmental damage since late 2011 blocked development of the gold mine.

   The Famatina project area covered a 15.4 square mile (40 square kilometer) area and the original agreement called for $10 million in exploration in the first year.

   Osisko's site says the company operates the Canadian Malartic gold mine in Quebec. It also continues its exploration work on the Hammond Reef Project in Northern Ontario, the Kirkland Lake Project in Northeastern Ontario, and other projects.

Powered by WorldNow
All content © Copyright 2000 - 2014 WorldNow and WAOW. All Rights Reserved.
For more information on this site, please read our Privacy Policy and Terms of Service and Mobile Privacy Policy & Terms of Service.

Persons with disabilities who need assistance with issues relating to the content of this station's public inspection file should contact Chief Engineer Russ Crass at 715-842-2251. Questions or concerns relating to the accessibility of the FCC's online public file system should be directed to the FCC at 888-225-5322, at 888-835-5322 (TTY) or at fccinfo@fcc.gov.