Argentina/Chile
MINING INTEGRATION AND COMPLEMENTATION TREATY BETWEEN CHILE AND ARGENTINA
On December 29, 1997, Chile and Argentina signed the "Tratado entre la República de Chile y la República Argentina sobre Integracióny Complementación Minera" (Mining Integration and Complementation Treaty between Chile and Argentina, the "Treaty"), in an effort to strengthen their historic economic ties and to allow the efficient development of mining projects that lie along their common border. The Treaty provides the legal framework for the exploration and development of mining projects located along the Chile-Argentina border. The most prominent example of a project developed under the Treaty is Barrick's Pascua-Lama gold mine located to the south of NGEX's projects.
NGEX's Vicuna Project which includes Los Helados, was the first exploration project to be included under the Treaty. At the exploration stage the main benefit of the Vicuña Protocol, is the authorization for people and equipment to freely cross the border of both countries within the area of the project. As the projects advance they will have the advantage of having the basic legal framework for development of a mining operation in the border region already in place. This is expected to add significant value to the projects by streamlining the development and permitting timelines.
On December 29, 1997, Chile and Argentina signed the "Tratado entre la República de Chile y la República Argentina sobre Integracióny Complementación Minera" (Mining Integration and Complementation Treaty between Chile and Argentina, the "Treaty"), in an effort to strengthen their historic economic ties and to allow the efficient development of mining projects that lie along their common border. The Treaty provides the legal framework for the exploration and development of mining projects located along the Chile-Argentina border. The most prominent example of a project developed under the Treaty is Barrick's Pascua-Lama gold mine located to the south of NGEX's projects.
NGEX's Vicuna Project which includes Los Helados, was the first exploration project to be included under the Treaty. At the exploration stage the main benefit of the Vicuña Protocol, is the authorization for people and equipment to freely cross the border of both countries within the area of the project. As the projects advance they will have the advantage of having the basic legal framework for development of a mining operation in the border region already in place. This is expected to add significant value to the projects by streamlining the development and permitting timelines.