Argentina update: Morondanga mining bill only lasted five days
Published by MAC on 2021-12-21Source: Pan American Silver
Thousands of families took the streets of Trelew, Puerto Madryn and Rawson.
On December 16, 2021, Pan American Silver Corp. announced that, on December 15, 2021, the legislature of the Province of Chubut in Argentina approved a legislative bill that would modify the provincial mining law to allow permitting of open pit mining.
Then on December 21, 2021, Pan American Silver Corp. announced that the executive of the same province in Argentina issued a decree to repeal the said bill.
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Pan American Silver provides update on the modification of the mining law in Chubut, Argentina
https://www.panamericansilver.com/news/news-releases/detail/180/2021-12-21-pan-american-silver-provides-update-on-the-modification-of-the-mining-law-in-chubut-argentina
Dec 21, 2021
VANCOUVER, BC, Dec. 21, 2021 /PRNewswire/ - Pan American Silver Corp. (NASDAQ: PAAS) (TSX: PAAS) ("Pan American Silver") reports that, on December 20, 2021, the executive of the Province of Chubut in Argentina issued a decree to the legislature to repeal the legislative bill passed on December 15, 2021 that would have modified the provincial mining law to allow permitting of open pit mining in certain zones in the Departments of Gastre and Telsen.
Pan American Silver owns 100% of the large Navidad silver project, which is located in the north central part of the province. Pan American Silver believes that properly permitted and regulated mining activity with sustainable mining practices, both environmental and social, could benefit the people of Chubut.
About Pan American Silver
Pan American Silver owns and operates silver and gold mines located in Mexico, Peru, Canada, Argentina and Bolivia. We also own the Escobal mine in Guatemala that is currently not operating. Pan American provides enhanced exposure to silver through a large base of silver reserves and resources, as well as major catalysts to grow silver production. We have a 27-year history of operating in Latin America, earning an industry-leading reputation for sustainability performance, operational excellence and prudent financial management. We are headquartered in Vancouver, B.C. and our shares trade on NASDAQ and the Toronto Stock Exchange under the symbol "PAAS".
Pan American Silver reports on status of modification to the mining law in Chubut, Argentina
https://www.panamericansilver.
December 16th, 2021
VANCOUVER, BC, Dec. 16, 2021 /CNW/ - Pan American Silver Corp. (NASDAQ: PAAS) (TSX: PAAS) ("Pan American Silver") reports that, on December 15, 2021, the legislature of the Province of Chubut in Argentina approved a legislative bill (the "Bill") that would modify the provincial mining law to allow permitting of open pit mining in certain zones in the Departments of Gastre and Telsen, which are defined by a land use sensitivity map. The Bill requires Executive approval and official publication before it becomes law.
Pan American Silver owns 100% of the large Navidad silver project. The Navidad project is located in the north central part of the province and is within the designated zone that would potentially allow permitting of open pit mining. Any mining project, including Navidad, would be required to undergo applicable review processes and apply for permitting under provincial laws.
Pan American Silver believes that properly permitted and regulated mining activity with sustainable mining practices, both environmental and social, can benefit the people of Chubut. Pan American Silver will continue to evaluate the potential development of Navidad. This work includes engaging in open, transparent dialogue with applicable communities of interest and assessing the permitting requirements, time lines and capital investment.
About Pan American Silver
Pan American Silver owns and operates silver and gold mines located in Mexico, Peru, Canada, Argentina and Bolivia. We also own the Escobal mine in Guatemala that is currently not operating. Pan American provides enhanced exposure to silver through a large base of silver reserves and resources, as well as major catalysts to grow silver production. We have a 27-year history of operating in Latin America, earning an industry-leading reputation for sustainability performance, operational excellence and prudent financial management. We are headquartered in Vancouver, B.C. and our shares trade on NASDAQ and the Toronto Stock Exchange under the symbol "PAAS".