Ex.... The Silver Mine started production early in 2008 and has been on a steep ramp up curve -
The project advised around one month ago that daily silver production had steadily increased up to a level of 15,000 ounces per day, which was expected to result in approximately 500,000 ounces of silver production during the month of September -
Through the end of August, San Bartolome Silver Mine - produced approximately 390,000 ounces of silver year-to-date - The operation expects to achieve full capacity in the fourth quarter -
For the year, est. the mine will produce 3.2 million ounces of silver and that it will achieve its 2009 production est. of approximately 9 million silver ounces -
Ex.... San Bartolomé Silver Mining Project -
* It will produce positive environmental impacts by cleaning an important amount of contaminating material from around the Cerro Rico -
With a good example, the Project intends to support modern hi-tech new art rational mining, following industrial security and environmental norms -
The Project will produce the following amount of jobs (approx.) in Potosí:
* 400 good quality direct jobs -
* 1,200 indirect jobs related to goods and services -
* Hundreds of jobs related to silver handcrafting and tourism thanks to the FUNDESPO (Sustainable Development Foundation of Potosí)
Many families in Potosi will benefit from good and decent jobs -
* The Project will invest over $100 million in Potosí in a period of a year and a half -
* During the Project’s life, $4 to $6 million will be invested in goods and services each year in Potosí -
* San Bartolomé will contribute to the reactivation of the local economy by incrementing the economic activities of the city during the Project’s life - Commerce, Industry, Mining, Construction, Transportation, Tourism, and others will benefit -
* The Project will strengthen Potosí institutions, such as AAPOS, and others -
Income -
* $17 million in Mining Complementing Taxes for Potosí -
* $60 million in national taxes -
* $12 million for COMIBOL -
* $8 million for the Mining Cooperatives -
* Est. numbers -
* The Project will eliminate an important amount of contaminating material from the surface and surroundings of the Cerro Rico (pallacos, desmontes, colas, and Plahipo piles) - These contaminants generate acid water, which contains arsenic, antimony, cadmium, lead, and others - These affect Potosinians’ health -
* San Bartolomé will eliminate the risk of a mudslide, from the pallaco of the Sucumayu (Devil’s) gully, to city homes -
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