Mining News - February 2022

Legislative News

Resolution 89/2022 issued by the Ministry of Productive Development, published in the Official Gazette on 02/22/2022. (Nation)

Creates a information system for the mining community in Argentina, through which the economic, geological, geographic, social, sanitary and environmental aspects of mining activity in the Country must be periodically reported.

Additionally, it creates the national mining round table open to the mining community, which will have among its objectives: (i) the reception, exposition, analysis and debates on the benefits, risks and factors to be considered in the development of mining, all within a framework of democratic, constructive and respectful dialogue; and (ii) the communication of information and analysis among the community, incorporating visions from different productive, labor, social, environmental, academic, scientific and technological sectors.

 

Mining in the media

"Fénix: lithium with solar energy", news published by Conciencia Minera on 01/28/2022.

The mining company Livent is carrying out another project that aims to double its current lithium carbonate production. in the Fénix deposit, located in the Salar del Hombre Muerto. For the expansion works, the US company has approved an investment of USD 640 million since May 2021.

 

"Tres Quebradas Project, closer to start production", news published by Conciencia Minera on 01/28/2022.

The Ministry of Mining of the Province of Catamarca issued the Environmental Impact Declaration (EID) for the 3 Quebradas Project, an essential step that brings the lithium venture closer to its production stage.

Along with obtaining the EID, the company signed the royalty agreement with the province, thus complying with each one of the requirements requested by the provincial government.

 

"San Juan led mining investment ranking with USD 5,100 million", news published by Ámbito on 02/02/2022.

San Juan led the mining investment ranking of the last biennium by receiving more than 50% of the USD 9,314 million received by the country, according to a report of the National Mining Secretariat. This province is followed by Salta, Catamarca, Jujuy, and Buenos Aires.

 

"Mining, agribusiness, industry, and construction drove the largest increases in employment", news published by Télam on 2/3/2022.

Mining, agro-industry, agricultural production, agricultural machinery manufacturing, and construction were the activities that drove the ten departments of the country where private registered employment grew the most in the last two years, in relative terms.

The department of Iglesia, in San Juan, led the improvements with employment growth of 15.6% between 2019 and 2021, according to a ranking released by the director of the Center for Production Studies, CEP XXI.

 

"Rio Tinto plans to invest USD 100M in a lithium carbonate plant" news published by Conciencia Minera on 02/04/2022.

The Minister of Productive Development received the managers of the mining company,Rio Tinto, who announced their investment plan in Argentina for USD 100 million. The company plans to build a lithium carbonate plant which, once commissioned in 3 to 5 years, will have a production capacity of 50,000 tons per year.

Rio Tinto will allocate the investment to exploration and improvements in the pilot plant that was started up in the Salar of Rincón, Salta Province.

 

"Latin Metals and Barrick Gold agree to participate in exploration projects in Santa Cruz", news published by Perfil Industrial on 02/10/2022.

Latin Metals Inc. announced that it has entered into an agreement with a subsidiary of Barrick Gold Corporation. Under the terms of the Agreement, Barrick has the right to acquire up to an 85% interest in the Company's Cerro Bayo, Cerro Bayo Sur, and La Flora properties located in Santa Cruz Province, Argentina.