Illustrative image for the news: Argentine mining exported US$1.5 billion in the first five months of the year | Panorama Minero

Argentine mining exported US$1.5 billion in the first five months of the year

In May 2024, mineral exports totaled US$383 million, accumulating a total of US$1.577 billion in the first five months of the year. These figures represent 5.5% of Argentina's total exports in May and 5.1% for the year-to-date. Reported by the National Mining Secretariat, this performance reflects a 21.5% year-on-year increase in May, despite a 3.5% decrease in the year-to-date total. Compared to the 2010-2023 average, the 2024 year-to-date total is 5.9% higher.

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Compendio de Proyectos Mineros en Argentina 2025
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Illustrative image for the news:  Risk management in the mining sector supply chain | Panorama Minero

Mining companies must adapt to uncontrollable events to maintain their operations and profitability. In this regard, current mitigation strategies still present significant challenges that must not be overlooked.

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Illustrative image for the news: Copper in San Juan: McEwen secures $70 million financing for Los Azules | Panorama Minero

McEwen Mining Inc. announced a new investment of up to $70 million in its subsidiary McEwen Copper Inc. This investment will be made through a private sale of up to 2,333,333 common shares of McEwen Copper at a price of $30.00 per share, and will be mainly focused on the growth of the Los Azules copper project, one of the five megaprojects located in the province of San Juan.

Illustrative image for the news: American Salars acquires lithium project in Salta | Panorama Minero

Canadian company American Salars Lithium has reached an agreement to acquire full ownership of the Pocitos 1 Project in Salta, located in the namesake salar, currently managed by Recharge Resources, the vendor.

Illustrative image for the news: Large Investment Regime: San Juan Productivity Board supports RIGI | Panorama Minero

In recent weeks, the Argentine community has been debating, through its legislators, the possibility of advancing a political measure launched by the National Government to attract large investments. In this context, the San Juan Productivity Board has expressed its views on the relevance of the "Ley Bases" and the Regime of Incentives for Large Investments (RIGI), voicing its support for this tool that promises a new beginning for mining while ensuring significant flows of international capital.

Illustrative image for the news:  Salta leads the 46th Ordinary Assembly of the Federal Mining Council | Panorama Minero

Salta hosted the 46th Ordinary Assembly of the Federal Mining Council (COFEMIN), an event that brought together representatives from all 23 provinces of the country and the National Secretary of Mining, Luis Lucero. The opening was led by Romina Sassarini, Secretary of Mining and Energy, who presided over the assembly.

Illustrative image for the news: Mining in Argentina has exported $1.134 billion this year | Panorama Minero

In April 2024, mineral exports reached a value of $267 million, accumulating a total of $1.134 billion in the first four months of the year. This represents a year-on-year decrease of 9.9% for April and a 13.9% drop for the year-to-date. Additionally, according to estimates from the National Secretariat of Mining, the accumulated total for 2024 is 6.2% below the average recorded between 2010 and 2023 for the same months.

Illustrative image for the news: Week of definitions in Argentine mining leading up to San Juan Mining Expo 2024 | Panorama Minero

Next Tuesday, May 21, Wednesday, May 22, and Thursday, May 23, Argentine mining will gather at the San Juan Mining Expo 2024, the most important sector event of the year, where strong decisions about the future of the activity are expected. Six governors, the Secretary of Mining of the Nation, and the main mining and supply companies will be present at the event, with the participation of key actors from both the local and international levels. The exhibition comes at a crucial moment for the industry amidst discussions about the RIGI and the need to energize major projects.