PUBLICATION

Engineering & Mining Journal

AUTHORS

Meredith Veit, Ty Jeevaratnam

Argentina Mining 2017 E&MJ Release

February 01, 2017

Argentina’s newly action-oriented administration has embraced mining as an integral means of securing foreign direct investment and catalyzing further development throughout the country. President Maurico Macri’s policies directly affecting the industry include simplified import of capital goods, eliminating export taxes for mineral products, freedom of capital outflows, the liberalization of Forex (FX), and a “Nuevo Acuerdo Federal Minero,” which provides a unified national framework for mining regulation and legislation across provinces. Rich in lithium, gold, silver, copper, and uranium, Argentina aims to outshine its neighbors in sustainable extraction and investor enticing opportunities.

Argentina has $500 billion of documented reserves underneath its surface that are currently not seeing development and according to Argentina’s federal Ministry of Mines, only 3% of the total 465 identified projects are in operation at present. A heightened focus on macroeconomic factors as well as plans to invest $26 billion in infrastructure, Argentina’s government hopes to make business easier and bottom lines more bountiful. 2017 is expected to bring greater mineral outputs, project launches, and a better reputation for the previously stagnated country.

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MACIG

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