Deal #723

Location #1

Spatial accuracy level
Coordinates
Location
Sierra Grande

Latitude
-41.60697150486485
Longitude
-65.35397529602051
Target country
Argentina
Comment on location
Sierra Grande Coordinates: -41.60697150486485, -65.35397529602051

Land area

Size under contract (leased or purchased area, in ha)
[2006] 3360
Size in operation (production, in ha)
[2011] 3360
Comment on land area
3360 has (given) other lots are pending or there's no data in the cadastre. the lot of 3360 was given first time in 1975

Intention of investment

Intention of the investment
Mining

Nature of the deal

Nature of the deal
Lease
Exploitation permit / license / concession (for mineral resources)
Comment on nature of the deal
concession with exploitation license

Negotiation status

Negotiation status
[2006] Concluded (Contract signed)

Implementation status

Implementation status
[2009] Startup phase (no production)
[2011] In operation (production)
Comment on implementation status
in february 2011 started to export

Purchase price

Comment on purchase price
350 mill (argentine pesos) of total investment

Number of total jobs created

Jobs created (total)
Yes
Current number of jobs (total)
[2013] 550

Operating company

Name of investment project
Sierra Grande Project

 

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Data source #1

Data source type
Media report
File
Date
2011-01-01
Comment on data source
MCC in Sierra Grande

Data source #2

Data source type
Company sources
File
Date
2013-12-20
Comment on data source
(last web access) Corporate owner CMG

Data source #3

Data source type
Media report
File
Date
2011-06-17
Comment on data source
The company made its first shipment of iron-ore concentrate to China in February 2011

Data source #4

Data source type
Media report
File
Date
2013-07-29
Comment on data source
treatment plant to use sea water and 550 employees

Data source #5

Data source type
Media report
File
Date
2013-12-20
Comment on data source
(last web access) destination exporting

Data source #6

Data source type
Company sources
File
Date
2013-12-20
Comment on data source
(last web access) exploitation investment

Data source #7

Data source type
Government sources
File
Date
2013-06-12
Comment on data source
mining cadastre 3360 has (given) other lots are pending or there's no data.

How did the community react?

Community reaction
Mixed reaction
Comment on community reaction
In Rio Negro is questioned the chinese business for being intensive in land acquisition.

Former land owner (not by constitution)

Former land owner
State
Comment on former land owner
the project was re-opened in 2006

Former land use

Former land use
Other
Comment on former land use
mining

Detailed crop, animal and mineral information

Resources area
Iron ore, Silver

Use of produce

Has export
Yes
Country 1
China

Water extraction envisaged

Water extraction envisaged
Yes
Comment on water extraction envisaged
But the company is planning to develop a treatment plant to use sea water.

Overall comment

Overall comment
MCC Minera Sierra Grande S.A from China and arrived in 2006, exported since 2011.

May 12, 2016, 7:54 p.m.

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Dec. 20, 2013, 10:34 p.m.

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Feb. 15, 2013, 5 p.m.

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