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US$500 million Veladero plan

New partners Barrick Gold (CN:ABX) and Shandong Gold Mining (CH:600547) have reportedly outlined a US$500 million improvement plan for the pair’s co-owned Veladero gold mine in Argentina after the mine’s third cyanide spill in two years.

US$500 million Veladero plan US$500 million Veladero plan US$500 million Veladero plan US$500 million Veladero plan US$500 million Veladero plan

New partners plan Veladero upgrade

Barrick chief operating officer Richard Williams spoke to reporters in Buenos Aires after meeting government officials, saying the company would submit a technical plan this week.

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