The Lagunas Norte Mine, located in Peru, is also a significant asset to the Barrick Gold company, which brings the company more than 800000 ounces of gold each year. The deposit is located in a mountainous area, at an altitude of 4000 to 4260 meters above sea level. It is noteworthy, that for the Barrick Gold company the development of one of the world's richest gold deposits turned out to be one of the cheapest in the history of the company's work.
The first gold deposits in the territory of the current industrial region were discovered in 2002. Three years later the mine was completely finished. The extraction of gold at the deposit is conducted in an open way. About 2000 people are constantly employed in industrial work. According to rough estimates for the end of 2014, the deposit's reserves are about 2.8 million ounces of gold.
Over the past few years, a lot of scandalous events have occurred on the territory of the Lagunas Norte deposit, in many respects they are related to workers' strikes. The latter express their dissatisfaction with the underreported wages, as well as the apparent shortage of employees. Environmentalists are also carefully monitoring compliance with precautionary measures. In 2014, the newspaper La Republica reported the pollution of the area of La Libertad. According to experts, the company uses this area to ship industrial waste, but the Barrick Gold company managed to prove compliance with all environmental regulations.
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