Atico Mining Secures Essential Water Permit for La Plata Project
Atico Mining Corporation is excited to share significant progress on the La Plata project with the recent approval of a water use permit from the Ministry of Environment and Energy. This permit is pivotal for the company's operational plans, allowing them to utilize water for various industrial activities including mineral extraction and processing.
Efficiency of the Approval Process
The water permit was granted following a detailed review by various state agencies, ensuring that the allocation of water aligns with guidelines that prioritize local community access to water resources needed for agriculture and livestock. This scrupulous assessment underscores Atico's commitment to responsible mining practices.
Local community leaders and representatives from productive organizations worked closely with Atico during this process to oversee compliance and protect the rights of local populations. This collaborative approach not only helps in meeting regulatory standards but also fosters positive relations between the mining company and the community.
Responsible Water Management Practices
This newly acquired permit empowers Atico to conduct several essential activities, such as providing water for staff consumption, facilitating underground mining operations, and implementing dust control measures. Moreover, the company is dedicated to maintaining high standards in water management by designing infrastructure for collecting, storing, and discharging water resourcefully.
The design plans include a state-of-the-art recirculation system alongside constant monitoring of water quality, adhering to national and international regulations. Engineering works are currently underway, with expected completion by the end of the year, after which they will be submitted for further evaluation.
Project Readiness and Economic Impact
As the La Plata project nears the final stages of obtaining the necessary environmental licenses and additional permits mandated by mining legislation, the company is excited about the economic opportunities that will arise from construction and operational activities. It is estimated that the project will create over 600 direct jobs and between 1,200 to 1,800 indirect jobs during the construction phase. Additionally, once in operation, it will offer more than 300 direct positions along with 600 to 900 indirect jobs.
About Atico Mining Corporation
Atico Mining Corporation is a dynamic company dedicated to exploring, developing, and operating copper and gold projects throughout Latin America. The firm currently generates substantial revenue through operations at the El Roble mine while advancing the high-grade La Plata VMS project. Atico's strategy includes pursuing advanced-stage acquisition opportunities to bolster growth.
With an experienced management team, including CEO Fernando E. Ganoza, the company is poised for continued success in the mining sector. Investor relations can be addressed through Igor Dutina, reachable at +1.604.633.9022.
Frequently Asked Questions
What is the significance of the water permit for Atico Mining?
The water permit enables Atico to utilize water for essential activities related to the La Plata project, ensuring compliance with environmental regulations.
How will the La Plata project impact local employment?
The project is expected to create over 600 direct jobs and significantly more indirect employment opportunities during both the construction and operational phases.
What measures is Atico taking for environmental protection?
Atico is committed to responsible water management practices, including the design of a recirculation system and ongoing water quality monitoring to protect local ecosystems.
What other projects is Atico currently involved in?
In addition to the La Plata project, Atico Mining operates the El Roble mine and is actively seeking advanced-stage acquisition opportunities.
Who can investors contact for more information?
Investors can reach Igor Dutina at +1.604.633.9022 for inquiries regarding Atico Mining Corporation’s projects and developments.
