Posts Tagged ‘Mining facilities’
Antamina Mining Company encourages the growth of gross domestic product
The operations of the Antamina Mining Company drove growth of six percent annual gross domestic product (GDP) in the Ancash region, said his manager, Corporate Affairs, Gonzalo Quijandria.
“The Antamina income growth rates of both the regional and the national economy, since in recent years the GDP of Ancash grew six percent annually, while the national GDP did an average of seven percent, “he said.
However, he pointed out that there is still room to improve indicators of Ancash, through private investment. In early January Antamina announced an investment of 1,288 million dollars to expand its mining facilities and mineral processing capacity at its site located in the San Marcos district, province of Huari (Ancash).
He said the expansion in domestic economic activity will increase on average by 0.2 percent annually, and this represents approximately 4.524 million dollars in present value (accumulated from 2009 to 2029).
Similarly, the expansion and ongoing operations of Antamina generate an annual average impact (direct and indirect) equivalent to 0.8 percent of GDP in Peru (2009 – 2029), an impact that will be around 18 percent of the GDP of Ancash, remarked . With this project, between 2009 and 2029 Ancash receive a total of 2.723 million dollars in mining royalties and 530 million in royalties in the period 2016 to 2029.
You could also hire more than 225 additional workers in the area of ??direct influence, he said.
The average yearly expenditure on goods and services purchased in Ancash is 119 percent higher than 2009 and will remain canon resources available according to the performance expected. On the other hand, said the Antamina operations have already generated positive impacts on the area of ??direct influence in contrast to non-mining areas comparable.
Thus, 18 percent of households have access to clean water, ten percent of households have access to electricity, and the poverty rate is less than six percentage points. Finally, the amount of monthly per capita expenditure increased by ten percent (27 soles) and the malnutrition rate is less than seven percentage points.
The expansion of mining facilities and mineral processing capacity
The company announced an investment of 1,288 million dollars to expand its mining facilities after confirming the increase in its reserves of mineral deposits.
Antamina mining company reported that it recently signed contracts with third works for the expansion of its mining facilities and mineral processing capacity at its site located in the San Marcos district, province of Huari (Ancash).
“The main contracts for this work are assigned the work to be undertaken belong to different components of the expansion project as supervision to earth moving and lifting of the infrastructure,” said Vice President of Corporate Affairs for Antamina, Paul the Flower.
The expansion of the mine that the company will acquire new equipment for the mine, to expand its truck shop and enhance their existing water management and tailings storage.
“Since the work began earlier this year to date is with much of the work in progress,” he said to Andina.
The company said the expansion will generate other benefits, such as 2.726 jobs in the construction phase and 500 permanent jobs, primarily for local residents in the area, and increase purchases of goods and services in the country by 37 percent .
Antamina began operations in 2001 and produces copper and zinc concentrates and to a lesser extent, molybdenum and lead concentrates / bismuth.
Its shareholders are Xstrata (33.75 percent), BHP Billiton (33.75 percent), Teck Resources (22.5 percent) and Mitsubishi Corporation (ten percent).