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Strategies & Market Trends : Dino's Bar & Grill

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To: Goose94 who wrote (67075)	3/20/2020 2:30:57 PM
From: Goose94	Read Replies (2) of 202936

Lithium Americas (LAC-T) Argentina quarantine forces Canadian miners to reduce activity, idle workers Mar 20, '20 Vancouver-based Lithium Americas Corp. says it has suspended construction activities at its US$565-million lithium project in Argentina in accordance with government-mandated restrictions in response to the COVID-19 pandemic. CEO Jon Evans says the company is in the process of "demobilizing" its construction workforce of more than 1,000 people. He says the 40,000-tonne-per-annum project is well advanced and construction will resume when the suspension is lifted. The government has ordered a mandatory quarantine from March 20 until March 31. The Cauchari-Olaroz project is a 50/50 joint venture between Lithium Americas and Ganfeng Lithium Co. Ltd. and is expected to begin producing in early 2021. Meanwhile, Toronto-based Yamana Gold Inc. says it is sending home local employees and contractors at its gold-silver Cerro Moro mine in Argentina but will keep non-local staff working. It says underground operations will be reduced but a limited workforce will continue to operate largely from its open pit operations and from stockpiled material.

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