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.
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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.
Argentina's Secretary of Mining has reported that mineral exports in June 2024 totaled US$265 million, bringing the total for the first six months of 2024 to US$1.86 billion. These figures represent 4.8% of Argentina's total exports for June and 5.1% for the first half of the year. However, this marks a year-on-year decline of 15.6% for June and 4.5% for the year to date. Despite these drops, the cumulative exports for 2024 are 3.6% above the average level for the same period from 2010 to 2023.
Global lithium chemical producer Arcadium Lithium has announced the acquisition of Li-Metal Corp's lithium metal business. The all-cash acquisition of US$11 million includes the intellectual property and physical assets related to the Canadian company's production, including a pilot plant in Ontario.
In the last quarter, the Hualilán gold project, located in the San Juan province, just 120 km from the capital, has continued to advance in its exploration and development phase. Challenger Gold, the project's owner, has provided a detailed report on the work carried out, highlighting a positive exploration balance and the improvement of various project variables.
The Australian company Galan Lithium Limited, owner of two brine lithium projects in Argentina, has clarified recent media reports suggesting the existence of a takeover bid. The company has stated that it has not received any purchase offer, but it has received an unsolicited, confidential, conditional, and non-binding proposal from Energy Exploration Technologies (EnergyX) for the potential acquisition of its lithium assets.
Formerly known as Fortuna Silver Mines, the company who rebranded itself as Fortuna Mining in early July reported a production of 22,874 ounces of gold at the Lindero mine, located in Salta and operated by its local subsidiary Mansfield Minera SA, as part of its productive and operational results for the second quarter. The performance was similar to Q1, where production volume reached 23,262 ounces with an average gold grade of 0.61 g/t and 0.60 g/t respectively in each period.
In a significant strategic move and one of the biggest transactions in the copper sector this year, Lundin Mining Corporation and BHP have agreed to acquire Filo Corp. in a deal valued at C$4.500 billion.
The Argentine Chamber of Mining Companies (CAEM) issued a statement this Monday calling on mining provinces to join the Incentive Regime for Large Investments (RIGI).
Australian lithium firm Lake Resources has reported that its partner, Lilac Solutions, has unveiled improvements in its Direct Lithium Extraction (DLE) technology, aimed at facilitating the commercial-scale production of the lithium Kachi project located in Catamarca.
Puna Mining and Argosy announced the suspension of its 2,000 tpa lithium plant to optimize resources and focus on the expansion of the Rincón project, located in Salta.