Amayapampa project would be sold to Comibol ($35 million) or RAU and Comibol will form a jv.
The latest news:
Comibol studies Amayapampa supply to operate April 24, 2012, 07:48
Minera Nueva Vista SA operates in Bolivia since 2005. The company should have started operations in 2008, but labor problems and area community members delayed the project. Yesterday, Vice Minister of Mining Metallurgical Production Development, Freddy Beltran, reported that the shareholders of the Australian company made an offer to the Mining Corporation of Bolivia (Comibol) to work together.
The official said the proposal was that the inject fresh capital Comibol state to begin the mining project, going through various difficulties. La Razon reported on 6 December 2011 to begin construction of the project required the company U.S. $ 167 million, could not invest resources mainly due to the lack of social permission. To date, exploration work and by New Vista increased the gold reserves Amayapampa 700 thousand to 1.3 million ounces. The company has environmental license was granted in April 2007 and began operations in April 2011 with heavy machinery that subcontracted in Santa Cruz. Currently working on improving roads.
Beltran said the proposal for Republic Gold Limited is being reviewed by the board of the Comibol. "Apparently some companies are struggling financially and we have proposed that Comibol be part of these projects, also placing capital and not just the site," sostuvo.Nueva Vista has already invested U.S. $ 35 million in the Amayapampa gold project
