Mining News - Page 45

In July, as detailed in a recent report released by the Secretariat of Mining, companies within Argentina's mining project portfolio achieved a trade surplus of US$134 million, representing a year-on-year decline of 43.3%. This result reflects mining exports totaling US$226 million against imports of US$91 million. As such, the exports of these companies were more than double their imports. In the first seven months of 2024, the cumulative trade balance of these companies showed a surplus of US$1.434 billion, although this represents a 14.9% decrease compared to the same period of the previous year.

The Canadian company, a member of the Grosso Group, has successfully completed the exercise of option agreements for nearly 25,400 hectares of lithium-rich land across its Rincon West, Pocitos, and Antofalla North Projects, in Argentina. This strategic move underscores the Company’s commitment to expanding its lithium portfolio in the region.

The recently approved Law 27,742 includes 65 articles aimed at providing incentives and guarantees to foster and attract private investments in projects that contribute to the development of the local economy.

AbraSilver Resource Corp. announced the completion of the Environmental Impact Assessment (EIA) for its silver and gold Diablillos project, located in Salta. The conclusion of this assessment marks a crucial step towards the development phase of the project, which is expected to achieve positive outcomes in water use, environmental impact, and socio-economic benefits.

Digital platforms that enable real-time fleet management and route optimization are revolutionizing the transport sector at a rapid pace.

The Australian company, Galan Lithium Limited, announced the signing of a memorandum of understanding (MoU) for an offtake prepayment with Chengdu Chemphys Chemical Industry Co., related to the production of lithium products from the Hombre Muerto West (HMW) project, located in Catamarca, Argentina.

San Juan's mining sector has captured the attention of major Japanese companies seeking to explore new investment opportunities in Argentina.

The company that owns the gold mine has announced the start of a new exploration campaign in Santa Cruz, with the goal of extending the mine's life and increasing mineral resources.

Argentina's mineral exports totaled USD 1.86 billion in the first six months of the year, with mining accounting for 4.8% of the country’s total exports in June and 5.1% in the year-to-date. Based on these figures, the National Mining Secretariat reported on the destinations for minerals produced within the country.

The centralization of suppliers in mining operations drives efficiency through inventory optimization, reduction of indirect costs, centralized purchasing, traceability, and risk management.

Nadia Ricci, head of the Santa Cruz Provincial Secretariat of Mining, highlighted the significant contribution of the precious metals sector in exports, employment, and local development.

AbraSilver Resource Corp. reported the assay results from its fully-funded 20,000-metre Phase IV drill program at its Diablillos project in Argentina. The latest drill results highlight the potential for expanding mineralization in the southern and western extensions of the JAC deposit, outside the conceptual open pit boundary.

Lithium Argentina, a mining company with operations in Jujuy and development projects in Salta, in Argentina, announced its second-quarter results this Tuesday, highlighting significant progress in its Cauchari-Olaroz operation.

The San Juan Chamber of Deputies has approved the province's adherence to the Regime of Incentives for Large Investments (RIGI), a program promoted by the national government. Governor Marcelo Orrego welcomed the initiative, emphasizing that this adherence will open new opportunities for development and progress in the province. "San Juan's adherence to the RIGI is excellent news. It opens a great door to development, work, and progress. I congratulate and thank the legislators who prioritized the welfare of the province and our people," Orrego stated.

Glencore Copper Argentina, through its El Pachón and MARA projects, has signed a cooperation agreement with Women in Mining Argentina (WIM), the international organization that promotes the advancement of women in the mining industry. The objective is to jointly work towards reducing the gender gap and fostering an inclusive, diverse, and equitable environment.

The agreement between the companies opens the door to the potential launch of different projects in the Vicuña district, with economic and social impact measurable in several decades.

Artificial intelligence (AI) is a rapidly growing revolution with the potential to change and create many industries and the way things are done. But what impact will AI have on supply chain planning?

Amid the growing expectations surrounding Argentina’s mining sector, Sweden is among the many countries closely monitoring the national situation with an eye toward establishing long-term strategic partnerships. In an interview with Torsten Ericsson, Sweden’s Ambassador to Argentina, Uruguay, and Paraguay, we delve into the historical relationship between the two countries, the new opportunities emerging in the mining sector, and their connection to the energy transition and geopolitical shifts.

The Republic of Argentina has faced challenges in attracting mining investments for various reasons, and possibly some of these are linked to competitiveness in terms of taxation and other regulatory aspects, such as exchange rate regimes and fiscal stability. In the late 1990s, Argentina produced about 200,000 tons of copper, while Peru produced around 400,000. By 2018, Argentina had ceased production, and Peru had reached 2.4 million tons.

Arcadium Lithium has announced a significant reduction in its capital expenditures by US$500 million over the next 24 months in response to current market conditions. However, the company remains committed to boosting production at its key projects in Olaroz and Fénix, located in Argentina, aiming to reach their full production capacity by 2025.