Ophiolites in the Eastern Cordillera of the central Peruvian Andes

A discoutinuous NNW-SSE trending belt of scattered ultraiuafic (UM) and subordínate mafic (M) rocks ís exposed alona some 250 km in the Eastern Cordillera of the peruvian Andes (Junin and Huanuco Departnients. -°"-12° S). New data questiou tlieír pieviousty assuuned [1.2] intrusive origin. Work, in progress shows tLat the essential geologic and tecronk featiires are comnion to most of them, as will t e shown on the southeniniost occurrences: Tapo and Acobaniba (Tarraa proviuce). The Tapo massif is the most conspkuoiis and the oaty one with chiomite mining history. It is a lens-shaped body, 5 km long [NV-SE direction) and 1 -2 km wide. lying on detritaí sedirnents of the Lower Carboniferous Ambo Group [3], and comprising extreniely tectomsed and serpentinised peridotiles wilh subordínate podiform chroirdtite bodies. nieta-gabbros or amphibolites The Acobamba oecurrences couiprise serpentinites aud subordínate meta-gabbros [A]. in contact with phyllites of the Precarnbnan (?) Huacar Group (Maraáón Complex)

Neoproterozoic ultramafic and mafic magmatism in the Eastern Cordillera of the central peruvian Andes: the Tapo Massif

A highly dismembered assemblage of ultramafic and mafic rocks is exposed in the Eastern Cordillera of the Central Peruvian Andes, extending along a discontinuous NW-SE belt over some 250 km between 12° and 9° S of latitude. One of the most important occurrences is the Tapo Mafic-Ultramafic Complex, which occurs at 3750 to 4200 m above sea level, 2 km to the west of Tapo locality, in the Tarma province, about 200 Km west of Lima. The Tapo complex is a lens-shaped body, 5 km long and 1-2 km wide, that consists mainly of strongly serpentinized peridotites and some gabbros. Several small open pits won chromite from podiform chromitite lenses ( ≥60 chromite) and from disseminated chromite in serpentinite. The main structural trend of the Tapo Complex is NW – SE and the massif is tectonically emplaced upon Lower Carboniferous sedimentary rocks. The rocks of the Tapo massif are overprinted by metamorphism reaching amphibolite facies (see Willner et al, 2010, for more information on the metamorphic conditions). The main purpose of this work is to constrain the age determination of the Tapo Complex, using Sm-Nd technique direct dating of chromites and, also, amphibole, plagioclase and whole-rock samples from the host gabbro. In addition K-Ar age determination on amphibole is presented to date the metamorphic overprint

New data on the ophiolitic VMS deposits of Moeche (Cabo Ortegal Complex, NW Spain)

As a result of the variscan collision, several allochtonous complexes were emplaced on the Iberian margin in Devonian times, among them the Cabo Ortegal Complex comprising the Moeche ophiolitic sequence. Copper has been won from several mines (Piquitos I & II, Barqueira, Maruxa) from disseminated ores and thin massive sulphide layers in the Moeche Unit, a strongly deformed meta-volcanic sequence comprising mainly quartz-chlorite schists and mylonites, which defines the top of the ophiolite. The ores were metamorphosed and strongly deformed under brittle conditions (for pyrite), but their textures are often apparently post-deformational, due to very common solution-transfer processes; they are composed mostly of pyrite and chalcopyrite, with minor sphalerite, pyrrhotite, etc., and with traces of native gold and PGE. The geology, mineralogy, and geochemistry of the orebodies relate closely to VMS of the Cu-Zn (Cyprus) type. Fluid inclusion studies allowed an estimation of metamorphic conditions at pressures of 2/2’5 kb and T 325/350ºC. New determinations using the chlorite geothermometer yield temperatures around 320 ºC, corresponding to pressures near 2 kb according to the isochores deduced from the fluid inclusion study, although in the Barqueira mine higher temperatures, up to 350 ºC, are found, corresponding to presssures up to 2’5 kb. Pb isotopic compositions of pyrite point to a double source of Pb, i.e. a main mantle and a subordinate crustal source. The values for 87SR/86Sr in pyrite support this interpretation, but some results suggest later mobilization in an open system, corresponding to solution-transfer. Age determinations of pyrite deduced from the Pb isotope uranogenic graph, ≈ 480 Ma, do not fit with the metamorphic ages published for the Moeche Unit, and might point to the age of Pb extraction from the mantle

Targeted industrial policy and government failures: insights from the South Korean experience

Purpose: The purpose of this paper is to reflect on the efficiency and effectiveness of industrial policies by focusing on the peculiar experience of South Korea. It analyzes Korean structural change from a historical and empirical standpoint, highlighting industrial policy interventions involved in this process. The analysis presented offers important insights to inform the debate on the contemporary industrial policy, identifying specific elements and circumstances that can contribute to mitigate government failures and to improve the effectiveness of public action. Design/methodology/approach: The paper adopts a historical and empirical perspective. Concerning the empirical analysis, a composite indicator to assess the process of structural change of economies is presented. This methodology provides annual rankings based on the different economic relevance of the manufacturing sectors over the period 1963–2012. Findings: The paper shows that industrial policy has been extensively involved in South Korean structural development but public intervention interacted with several other factors, including gradual markets liberalization, education, societal and cultural characteristics and low level of income inequalities. As a result, economic development is conceived as systemic process, namely as the outcome of a balance in the roles played by government, markets and civil society. In this framework, government failures, as inability of the government to respond effectively and efficiently to the general interest of the society, are intimately inherent to the mechanisms that rule the relevant relationships within the system. Originality/value: In the post-crisis debate, very little attention has been devoted in academic and political debate to the ways to mitigate government failures. By analyzing the historical and recent Korean experience with industrial policy, the paper addresses an issue insufficiently analyzed offering an innovative contribution