Connect with us

LITIO ARGENTINA

AS RIVALS TURN SCREW ON MINING, ARGENTINA PUTS OUT THE WELCOME MAT

Published

on

#Lithium #Mining #Argentina #MatiasKulfas 

Government turns to capital-control loopholes and tax breaks, eyeing export boost as neighbours look to raise mine taxes.

Photo: PRODUCTIVE DEVELOPMENT MINISTER MATÍAS KULFAS. | NA

The pro-mining sentiment from Argentine authorities at an industry event this week underscores the change of fortunes for what was seen as a much riskier bet than other mineral-rich nations in Latin America.

As Chile and Peru discuss tax hikes, tougher environmental standards and even the possibility of curtailing private property rights, Argentina’s Productive Development Minister Matias Kulfas was putting out the welcome mat to the much needed hard currency that mining brings.

“We need more investment and exports because all of Argentina’s economic crises in the last 80 years were down to a shortage of dollars,” Kulfas told 400 mining officials and executives gathered in Buenos Aires on Tuesday. «Without a doubt, the development of mining is part of the solution to the problems in our country.»

Without a doubt, Argentina’s protectionist inclinations and politically volatile past means it remains a complicated place to do business. But the cash-strapped nation is now turning to measures such as capital control loopholes and tax benefits to boost the attractiveness of developing more of its vast lithium and copper deposits now needed in the clean energy transition.

At the same time, Chile is drafting a new constitution that could hamper investment, while politicians in Peru are seeking a greater share of mining profits to boost spending and ease social pressures. Meanwhile, Mexico is moving towards state control of its lithium resources.

All this is bringing Argentina out of the shadows of its closest neighbours. Kulfas said mineral exports could increase five, six or seven times from last year’s total of US$3.3 billion.

«To measure our potential, we only need to look at Chile, which shares the Andes but whose mineral exports are 20 times bigger,» said Franco Mignacco, who chairs the CAEM mining chamber and is the CEO of Minera Exar SA, which is poised to become Argentina’s next lithium-producing operation. «Can we really match that development? The answer is a wholehearted ‘yes’.»

Over the last nine months, theLondon-based Rio Tinto Group, Vancouver-based Lithium Americas Corp, South Korea’s Posco and China’s Zijin Mining Group Co have all committed to investments in Argentina’s lithium sector.

As further evidence of Argentina’s growing attractiveness as a mining region, Mignacco pointed to a portfolio of copper projects, including Josemaría, recently acquired by Lundin Ming Corp, McEwen Mining Inc’s Los Azules and Glencore Plc’s El Pachon, and five silver projects in various stages of pre-production.

by Jonathan Gilbert, Bloomberg

SOURCE: BUENOS AIRES TIMES/

LITIO ARGENTINA

ELECTROMOVILIDAD Y LITIO: EL CEO DE BMW DESTACÓ EL ACUERDO CON ARCADIUM POR EL LITIO DE CATAMARCA

Published

on

#Litio #Electromovilidad #BMW #Catamarca #Mineria #Argentina #Arcadium #Livent #Allkem

El CEO de la automotriz destacó la importancia de la electromovilidad en el plan de negocios de BMW y la oportunidad para una mayor la participación argentina en la cadena de valor del litio. (más…)

Continue Reading

LITIO ARGENTINA

INNOVACIÓN EN LA INDUSTRIA DEL LITIO: UNA EMPRESA DE FRANCIA PROBARÁ UNA NUEVA TECNOLOGÍA PARA EXTRAER LITIO EN ARGENTINA DE FORMA MÁS SUSTENTABLE

Published

on

#Litio #Adionics #Extracciondelitio #ExtraccionDirecta #Argentina #Sqm #Chile #PlantaPiloto #Electromovilidad #EnergiasRenovables

Adionics terminó con éxito una prueba piloto en Chile y busca replicar ese modelo en la Argentina. La visión del CEO, Gabriel Toffani. (más…)

Continue Reading

LITIO ARGENTINA

TRAS SER DESPEDIDA POR JAVIER MILEI, LA SECRETARIA DE MINERÍA DE ARGENTINA FLAVIA ROYÓN LE DESEÓ EL MAYOR DE LOS ÉXITOS

Published

on

#FlaviaRoyon #Mineria #Litio #Argentina #JavierMilei #Electromovilidad #Salta #GustavoSaenz

El ex secretaria de Minería de la Nación postó un mensaje en redes sociales en el que aseguró que seguirá trabajando por el futuro de la Argentina. (más…)

Continue Reading

Tendencia

Copyright © 2015 | Litio.com.ar |Li News Litio Argentina Todos los derechos reservados