SOURCE: Barrick Gold Corporation
Barrick’s Veladero mine has helped trigger a remarkable economic turnaround in Argentina’s San Juan province, according to a recent study. Between 2004 and 2011, the province’s unemployment rate fell 36 percent, and per capita income surged 177 percent to $5,260 from $1,900. Exports jumped 12-fold to $2.5 billion from $211 million, and the province’s manufacturing sector grew at an average annual rate of 13.5 percent, twice the national average.
KEYWORDS: Business & Trade, Barrick Gold Corporation, Veladero Mine, Mining, Argentina, Universidad Tecnológica Nacional (UTN), socioeconomic impact, economic growth, csr, GDP