Mendoza Senate Approves Copper Exploration in 34 Projects in Malargüe

Mendoza Senate Approves Copper Exploration in 34 Projects in Malargüe

With a broad majority, the Mendoza Senate has approved the environmental impact declarations for 34 copper exploration projects in the Western Mining District of Malargüe, opening the door to mining activities in the southern part of the province. This decision, already endorsed by the Chamber of Deputies, was ratified with 33 votes in favor and only 3 against, reflecting political consensus on the importance of this initiative for the regional economy.

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2024 Argentine Mining Compendium
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Illustrative image for the article: San Juan: Minas Argentinas Unveils $1 Billion Investment Plan under RIGI Program

San Juan: Minas Argentinas Unveils $1 Billion Investment Plan under RIGI Program

Mining company Minas Argentinas SA, a subsidiary of AISA Group and operator of the Gualcamayo mine, has submitted a $1 billion investment plan to Argentina’s Incentive Regime for Major Investments (RIGI), making it the first company in San Juan to join this program. This marks the largest proposed investment under the RIGI in the region, with the potential to bring significant economic and employment opportunities.
Illustrative image for the article: Renewable Energy: Genneia Announces Commissioning of La Elbita Wind Farm

Renewable Energy: Genneia Announces Commissioning of La Elbita Wind Farm

Genneia, a renewable energy company, has announced the commissioning of La Elbita Wind Farm, its eighth wind project in Argentina and third in the province of Buenos Aires. Located 42 kilometers from Tandil, this project represents an investment of over $240 million and marks a significant milestone in the company’s wind power capacity in the country.
Illustrative image for the article: Arcadium Lithium Reports Q3 Results Amid Acquisition by Rio Tinto

Arcadium Lithium Reports Q3 Results Amid Acquisition by Rio Tinto

The lithium company, which is set to be acquired by Rio Tinto, reported third-quarter revenues of US$203.1 million, with attributable net income of US$16.1 million and adjusted EBITDA of US$42.9 million. Despite a decrease in volumes and market prices for certain products, the company managed to maintain an average price of US$16,200 per metric ton of lithium. This figure represents a slight decline from the previous quarter, driven primarily by weaker demand and delays in the lithium carbonate production expansion at the Olaroz project in Argentina.

Illustrative image for the article: Latin Metals Strengthens its Presence in Argentina’s Metal Mining Sector

Latin Metals Strengthens its Presence in Argentina’s Metal Mining Sector

Vancouver-based mining company Latin Metals Inc. announced that it has fulfilled the necessary payment obligations to secure a 71% ownership stake in the Cerro Bayo and La Flora exploration projects, located in Argentina’s Santa Cruz Province. This acquisition strengthens its precious metals portfolio in a highly prospective area, amid a strong wave of investor interest in Argentina’s mining hubs. The company also retains an option to acquire 100% of the properties, subject to a 0.75% NSR (Net Smelter Return) royalty.

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Illustrative image for the article: Lithium: Exar Issues First Corporate Bonds to Finance Cauchari-Olaroz Project

Lithium: Exar Issues First Corporate Bonds to Finance Cauchari-Olaroz Project

Argentine lithium producer Exar, operating in the Cauchari-Olaroz salt flat in Jujuy, has announced its first-ever issuance of Corporate Bonds (Obligaciones Negociables, ON), marking a first for the sector in the country. The bond auction will take place on Thursday, September 7, and the funds raised will primarily be allocated to working capital and refinancing liabilities to support the company's ongoing operations.
Illustrative image for the article: AESA: Innovation and Development for the Mining and Energy Industries

AESA: Innovation and Development for the Mining and Energy Industries

Astra Evangelista (AESA), with 75 years of experience, positions itself as a key player in the development of the mining and energy sectors in Argentina, offering comprehensive solutions to the oil, energy, and mining industries. The company, which employs nearly 9,000 people across various Argentine provinces, including Tierra del Fuego, Santa Cruz, Chubut, Río Negro, Neuquén, La Pampa, Mendoza, and Buenos Aires, has strengthened its presence in strategic areas such as the province of Jujuy, where it has begun actively collaborating with the lithium industry, one of the country’s most dynamic and rapidly growing sectors.
Illustrative image for the article: Argentina: Galan Lithium Applies for RIGI and Shows Strength in Advancing Its Lithium Project in Catamarca

Argentina: Galan Lithium Applies for RIGI and Shows Strength in Advancing Its Lithium Project in Catamarca

The Australian mining company Galan Lithium Limited has announced significant progress at its Hombre Muerto West (HMW) lithium brine project in Catamarca Province, as part of activities carried out during the third quarter of 2024. The company highlighted that it became the first mining company to apply for Argentina's Large-Scale Investment Incentive Regime (RIGI), which offers tax benefits to large-scale projects in strategic and productive sectors like mining. "This initiative, combined with construction progress and a recent capital raise, reinforces Galan’s commitment to developing its projects in Argentina," the company stated.
Illustrative image for the article: MARA Advances New Exploration Campaign at Agua Rica

MARA Advances New Exploration Campaign at Agua Rica

MARA has launched an exploration campaign at Campo de Río Blanco, Andalgalá department, to deepen geotechnical, hydrological, environmental, and soil studies in the area surrounding the Agua Rica deposit.
Illustrative image for the article: Minsud Finalizes Chinchillones Infill Drilling and Expands Exploration with New Scouting Targets at Chita Valley

Minsud Finalizes Chinchillones Infill Drilling and Expands Exploration with New Scouting Targets at Chita Valley

Minsud Resources Corp. announced the successful completion of its Phase IV infill drilling program at the Chinchillones prospect within the Chita Valley Project, located in San Juan Province. A total of 126 drill holes have been completed at this prospect since 2020. The results from the last ten (10) drill holes have helped to confirm the boundaries of the mineralized zone, refine the geological model, and enhance our understanding of the prospect.
Eramet Acquires 100% of Argentina’s Centenario Lithium Project

Eramet Acquires 100% of Argentina’s Centenario Lithium Project

French company Eramet has completed the acquisition of Tsingshan Group’s 49.9% minority stake in Eramine Sudamérica, the subsidiary operating the Centenario project, a strategic resource in Argentina’s Lithium Triangle. The transaction, which impacts the Group’s net debt by US$699 million, grants Eramet full ownership of this key asset in its lithium expansion strategy.
McEwen Copper Secures Additional US$35 Million Investment From a Rio Tinto Company

McEwen Copper Secures Additional US$35 Million Investment From a Rio Tinto Company

Canadian company McEwen Copper, a subsidiary of McEwen Mining with operations in San Juan, has closed a new US$35 million investment made by Nuton LLC, a company led by Rio Tinto. "This investment is part of a previously announced financing offer, consisting of a private placement of up to 2,333,333 common shares at a subscription price of US$30 per share, for a total of up to US$70 million."
Posco Launches the First Commercial Lithium Hydroxide Plant in Argentina

Posco Launches the First Commercial Lithium Hydroxide Plant in Argentina

Posco Argentina, a subsidiary of the South Korean mining company Posco, has taken a crucial step in developing the country's lithium sector with the inauguration of the first commercial lithium hydroxide plant. Located in the General Güemes Industrial Park in Salta Province, the plant has an annual production capacity of 25,000 tons and represents an investment of over US$800 million. "This facility positions Argentina as a key supplier in the global lithium-ion battery market, essential for high-end electric vehicles," provincial government officials stated.
San Juan: Sable Starts the 2024-2025 Field Season at the Don Julio Project

San Juan: Sable Starts the 2024-2025 Field Season at the Don Julio Project

The exploration junior Sable Resources Ltd. has commenced its field activities at the Don Julio Project, located in the province of San Juan. The company, listed on the TSX Venture Exchange, has confirmed that all exploration expenditures for this project are fully funded under an Earn-In Agreement signed in 2021 with a subsidiary of South32 Limited.
With its Environmental Impact Statement, a new era begins in Hualilán

With its Environmental Impact Statement, a new era begins in Hualilán

The Hualilán project received its Environmental Impact Statement for production. Sonia Delgado, Director of Challenger Gold and Vice President of Golden Mining S.A., comments on this significant date for the venture located in the Ullum department, San Juan province.

Illustrative image for the article: NGEx Kicks Off Phase 3 Drill Program at Lunahuasi

NGEx Kicks Off Phase 3 Drill Program at Lunahuasi

NGEx Minerals Ltd. announced that its Phase 3 drill program has begun at its 100%-owned Lunahuasi property located in San Juan province, Argentina. The Phase 3 program follows a highly successful Phase 2 program completed in the first half of 2024, which delivered some of the highest-grade copper, gold, and silver intercepts drilled anywhere in the world and confirmed that Lunahuasi has both unusually high grades and large size potential. Phase 3 drilling intends to grow the deposit through step-out drilling and provide enough closer-spaced data to develop an initial Exploration Target as provided for in NI 43-101.
Illustrative image for the article: The Global Impact on Argentina’s Economy: A View From JP Morgan

The Global Impact on Argentina’s Economy: A View From JP Morgan

Global volatility and its effects on Argentina were the central theme of JP Morgan’s analysis at the region’s largest lithium conference. The country's mining potential, fully influenced by international circumstances, and the need for swift decision-making on the domestic front.
Illustrative image for the article: AI Symposium in Salta: A Space to Deepen the Advantages and Challenges of AI in Mining

AI Symposium in Salta: A Space to Deepen the Advantages and Challenges of AI in Mining

With the presence of national and regional mining sector leaders, the second edition of the Symposium on Artificial Intelligence Applied to the Mining Industry will take place at the National University of Salta. Laplace (Argentine Mining Workers Association), Royón (Lithium Task Force), Cacciola (Argentine Chamber of Mining Companies), and representatives from companies and industry chambers will be present.