Taca Taca is a copper-gold-molybdenum porphyry deposit with vital potential and is at a sophisticated exploration stage.
In 2013, measured and indicated assets had been reported to be 9.6 million tonnes of contained copper, with inferred assets of three.4 million tonnes. First Quantum acquired 100% of Taca Taca from Lumina Copper Company in 2014 via its subsidiary, Corriente Argentina S.A. (CASA).
The challenge is anticipated to create a lot of direct and oblique jobs, boosting the socio-economic development of the province.
Chatting with Rumbo Minero, Normal Supervisor John Dean stated building is scheduled to start in 2025.
In response to the report, the Salta authorities signed an settlement stipulating that the Argentine Geological and Mining Service will present scientific and technical help in evaluating the Environmental and Social Influence Research of the challenge, in addition to take part in subsequent actions equivalent to oversight and monitoring.
Shares of First Quantum Minerals rose 0.4% by 12:10 p.m. EDT. The miner has a market capitalization of C$11.7 billion ($8.6 billion).
The corporate has not responded to a request for remark.