There are reports that miner Andean Resources Ltd
(ASX:AND) is planning to develop a gold and silver mine in south Argentina.
According to a report from Reuters, the Government of Argentina says Andean is aiming to invest $200 million to develop the mine which lies in the Patagonian province of Santa Cruz.
Reuters says the Cerro Negro mine is scheduled to start in the second half of the year with annual production expected to reach 300,000 ounces of gold and 3 million of silver.
Andean Resources recorded a loss for the 2009 financial year.
