Argentine mining company Yamiri must resolve some legal issues before it can resume investment in the country's La Rioja province, a company spokesperson told BNamericas.
The official's comments come in reference to the provincial lower house's recent overturning of a law that prohibited open pit mining using cyanide, mercury and other contaminating substances.
Following the law's repeal, Yamiri announced it would completely reactivate its operations in La Rioja, but for now it has not defined a work timeline, the spokesperson added. "Let's hope it will be soon."
In March 2007, La Rioja approved the anti-mining law, leading Yamiri to halt its projects there. Yamiri has the Famatina gold project in partnership with Canada's Barrick Gold (NYSE: ABX) and the El Potro gold-copper-molybdenum project in partnership with Deprominsa, a subsidiary of Lundin Mining (NYSE: LMC).
Barrick holds an option to acquire 70% of Famatina from Yamiri, which is a subsidiary of Canadian Yamiri Gold and Energy (TSX-V: YGI).
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