Barrick Gold (ABX) Appoints New Senior VP For Lama Project
Zacks Investment Research | Sep 06, 2016 06:13AM ET
Barrick Gold Corporation (NYSE:ABX) has appointed George Bee as the Senior Vice President for the Lama and Frontera District Development project, effective Sep 12.
Barrick Gold recently evaluated the mines at Lama and a scalable starter project utilizing underground mining techniques was dubbed as the best option to start a phased development plan for the Pascua-Lama project. Bee has been selected to advance this project at Lama on the Argentinean side of the Pascua-Lama development project. If the project in Lama is successful, the cash flow generated can be used for both sides of the border. Bee will be reporting to the company’s Chief Operating Officer, Richard Williams.
The conceptual work has already been carried out by the team appointed for the project and will now be taken forward by Bee. He will work along with the Argentinean executive director, Juan Ordonez, as well as the Pascua-Lama team in Chile. This team is led by Sergio Fuentes, the executive project director, Pascua-Lama, along with Rene Muga, the executive director for Chile.
Bee has over 30 years of experience in developing and operating mines. He has also worked with Barrick Gold for 16 years, where he conducted an 8-year tour in Latin America. He was part of the development team of the Goldstrike mine between 1988 and 1995, and later of the Pierina mine, between 1998 and 2007. In 2005, he also formed and led the team that successfully completed the development of the Veladero mine. Post Barrick, he served as President and CEO of Andina Minerals, before becoming the CEO at Jaguar Mining.
The Pascua-Lama mine is scheduled to be developed in phases similar to the development of the Goldstrike mine. Bee will also progress on an integrated development plan for the Frontera District, a 140-kilometer piece of land on the El Indio belt controlled by Barrick Gold, once the starter option development advances.
Get The News You Want
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.