Geologists discover the largest copper, gold and silver deposit in the last three decades
Argentina is home to a site which uncovered millions ounces and tons of silver, gold and copper.
Argentina is set to be very rich as the country just discovered a deposit of industrial and precious metals.
Lundin Mining and BHP joined together and uncovered the site which held 80 million ounces of gold and silver and 12 million tons of copper.
The findings present a new way to make money for Argentina as financial analysts expect the discovery to create more jobs and impact trade numbers and infrastructure growth, Earth.com reports. The outlet added the discovery is the largest in the last three decades.
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Communities in Argentina are hoping the discovery balances policies and that the government will be in charge of the money that comes out of it.
Communities are also hoping funds from the findings will go toward medical centers, schools, and roads in underdeveloped areas.
The region where the metals were discovered is known for its scenic mountains, but now, the view creates potential for propel development and making the country a leader in global copper production, hopefully within the next decade.
Lundin Mining and BHP found the discovery in a joint entity called Vicuńa.
The partnership combined global reach and technical expertise to raise expectations for modern and efficient mining, according to Earth.com.
The deposit uncovered high-value copper, good for green energy, electronics and law machinery, the outlet added.
Experts note that renewable power installations and an increase in electric vehicle manufacturing will keep demand strong.
Gold and silver are set to be used for jewelry, medical equipment, chip manufacturers and more.
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“We are in an excellent position to continue advancing the development of a mining district with great potential,” said Vicuña’s general manager Dave Dicaire.
Dicaire explained that future plans include carefully scaled production and using technology to ensure profitability and respect for local concerns according to earth.com.
Environmental advocates are keeping a close eye on these operations, the outlet added.
Green organizations are calling for rigorous supervision, highlighting the fragile mountain ecosystems along the Argentina-Chile border.
