Barrick Announces Appointment of Pascua-Lama Project Director

Barrick Gold (TSX:ABX,NYSE:ABX) has appointed Sergio Fuentes for its long delayed Pascua-Lama project in Argentina. Mr. Fuentes most recently served as vice president of projects for Codelco. The company will proceed with the project only if it meets minimum return on investment thresholds.

As quoted in the press release:

As Executive Project Director, Mr. Fuentes will focus on optimizing detailed engineering, improving the project’s economics and developing a robust execution plan for remaining construction activities at Pascua-Lama. He will work with the project leadership team to advance Pascua-Lama in an environmentally responsible manner, in compliance with legal and regulatory requirements. In the short term, he will lead the completion of final engineering for the water management system in Chile and will work to reduce ongoing care and maintenance expenditures at the project.

Mr. Fuentes will work closely with Eduardo Flores, Executive Director, Chile and Guillermo Calo, Executive Director, Argentina to ensure alignment of all project activities in both Chile and Argentina and will support the development of enduring partnerships with governments, communities and other stakeholders in both countries.

Click here to read the Barrick Gold (TSX:ABX,NYSE:ABX) press release