Legislative News and Regulations
Province of Entre Ríos
Resolution No. 0599 DMMAyRN, City of Paraná, published on 09/12/2018
It establishes the updating of amounts paid for the rights of mineral extraction and exploitation in the public or private domain of the state and in the private domain outside municipal territory.
Cases
Federal Appeals Court, Province of Tucumán, 06/27/2018, “Cruz Felipa and others v/ Minera Alumbrera Limited and other and others s/ appeal incident”.
The appeal that had been filed against the judgment that ordered the lifting of the precautionary measure that had ordered the immediate suspension of the mining activity carried out in the mining deposits called "Bajo de la Alumbrera" and "Bajo el Durazno" was rejected.
Argentine Mining in the Media
"The challenge of closing Manantial Espejo for Pan American Silver." Published by Santa Cruz Produce on 09/30/2018
The country's largest silver producer continues to operate in the Province of Santa Cruz through underground mining in COSE and Joaquín. Its flagship mine, Manantial Espejo, proceeds towards the closing of what was known as the open-pit operation. The Canadian company published a Sustainability Report by which it promotes positive and long-term relationships with its employees, shareholders, communities and governments.
"Pan American Silver operates underground mines in Joaquín and COSE, two high-grade silver projects acquired in 2017, and planned to transport the extracted material to the Manantial Espejo plant for processing. In addition to the underground mines and Manantial Espejo reserves (open pit mine), this strategy is expected to contribute in approximately 21 million ounces of silver production to Pan American Silver from 2018-2021”, the company said.
“Barrick Gold merges with Randgold in order to create a mining giant worth USD 18.000 million.” Published by Apertura Negocios on 09/24/2018
The Canadian firm will acquire its rival for more than USD 5,000 million. The gold mining industry has a new giant. Barrick Gold agreed to the purchase of South African Randgold Resources through an exchange of shares valued at USD 5,400 million. In Argentina, Barrick Gold handles 50% of Veladero mine, located in the Province of San Juan.
“Chinese officials from Shandong visited Governor Uñac with an eye on Lama and Veladero.” Published by El Diario la Provincia on 09/25/2018
Projecting the growth of mining in the Province of San Juan, Ministerial authorities of the Chinese province of Shandong met with the governor of San Juan, Sergio Uñac.
“The Veladero mine, which is the most important one in Argentina, is at the right moment for the exploitation. Shandong Gold invested more than 1000 million dollars and plans to continue investing. The company is interested in investing and moving forward with the Province of San Juan because they understand that there is a favorable climate within the development of investments, social order, low conflict and mining as a State policy. They understand that these conditions are important to keep moving forward," the minister explained.
“Lithium fever, from Jujuy to Catamarca.” Published by Clarín, on 09/09/2018
Lithium shipments are increasing. The participation of lithium increased 2.1% in 2018 and gold 0.9%, while copper and silver concentrates were reduced. This year, exports are expected to reach USD 4,400 million. The sector employs 82 thousand people.
"Urtubey met with mining businessmen of the Mariana Project." Published by El Intra on 12/09/2018
Through its Argentine subsidiary Mariana Lithium Corp, the Chinese multinational company, GanfengLithium, has planned an investment of 600 million dollars to extract lithium carbonate in the Puna region of the Province of Salta.
"Lithium, the secrets of white gold." Published by La Prensa on 16/09/2018
Argentina will be the world's leading lithium exporter by 2021. It will produce 165,000 tons per year, overtaking the regional leader, Chile, which generates 140,000 tons.
"The Navidad Project will demand millions of dollars in industries and businesses in Trelew, Madryn and the Valley." Published by Patagonia Ambiental on 21/09/2018
The project will generate 364 million dollars per year in exports through the ports of Chubut. 2,700 direct and indirect jobs will be created, of which 1,500 will be local labor.
In the construction phase of the plant and the mine, during the first two years, Navidad will invest 548 million dollars out of a total of more than 1,500 million. The company will demand from suppliers in the region more than 600 trips from the mine to Puerto Madryn; more than 20 heavy machinery equipment and more than 40 trucks: 300,000 food supplies along with catering, security and cleaning services; 8,000 m3 of concrete, 800 tons of iron and 500 tons of structural steel; and equipment to remove 60,000 m3 of salary and build 1,000 square meters.
"Uñac presented the Fiscal Bonus Program for one billion pesos for entrepreneurs to invest in San Juan." Published by Sanjuan8.com on 2/10/2018
The object of this meeting focused on the presentation of the Fiscal Program for Productive Investment, through which the provincial government offers ARS 1,000 million in tax credit certificates (or tax bonds) that the privates can apply to pay provincial taxes. The tax incentive is expected to be up to 80% or 60% depending on the amount of the investment proposal, excluding national and/or provincial taxes.
"Highlights of the great mining export potential of Argentina." Published by ElLibertario.com on 4/10/2018
In 2017, the sector had a production of around ARS 71,000 million, exports of the value chain for more than USD 4,000 million and investments of more than USD 1,600 million highlighted the client portfolio led by the National Minister for Production and Labor, Dante Sica.
“We have the capacity to develop investments for USD 26,000 million for the construction of new mining operations, and we have a special regulatory framework for mining based on the Mining Investment Law, which provides benefits and security for investment," he said.
"There are investment opportunities in Argentina for USD 300,000 million." Published by Total News on 7/10/2018
The wealth of Argentina covers 750,000 km2 of areas of high potential for the exploitation of sustainable mining, of which 75% are still unexplored. In lithium, the key mineral for the microelectronic revolution, we have the capacity to multiply 11 times the current production, from 13,000 tons to 150,000 tons. This is similar to what is happening with copper, which has the potential to multiply its production 9 times; and even in silver and gold, which are a little more developed; we could triple and double production, respectively.
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This newsletter is intended to provide readers with basic information concerning issues of general interest. It does not purport to be comprehensive or to render legal advice. For advice about particular facts and legal issues, the reader should consult legal counsel.
