ZBV Abogados advised Austral Gold and Casposo on the reopening of the mining operation in San Juan Province.
ZBV Abogados advised Austral Gold on the corporate, regulatory, contractual, financing, labor and foreign exchange aspects related to the reopening of the mining operation located in San Juan Province, Argentina.
The representation was led by Pablo Vergara del Carril, partner at the firm, and included the structuring and negotiation of the Toll Treatment Agreement entered with Challenger Gold for the processing of ore from Hualilán, rotating on a quarterly basis with material from the Casposo and Manantiales operations.
The reactivation involved an investment exceeding USD 15 million aimed at exploration and plant refurbishment, allowing operations to resume one of the province’s most significant mining assets.
The transaction is part of a new expansion stage driven by the company and its Chairman, Eduardo Elsztain, positioning Casposo as a regional processing hub combining proprietary production with third-party ore treatment.
The company projects exports of approximately USD 500 million over the next five years and currently supports more than 300 direct and indirect jobs, with strong participation from local workforce and suppliers in San Juan Province.
This milestone was officially announced during an event led by San Juan Governor Marcelo Orrego and National Mining Secretary Dr. Luis Lucero, together with other national and provincial authorities, company executives, Pablo Vergara del Carril and Carolina Zang, both partners at the law firm.
It is also worth noting that ZBV Abogados previously advised on the concession of the neighboring Manantiales mining project with the Provincial Institute of Mining Exploration and Exploitation of San Juan (IPEEM).