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.

Magazine

Edición 537 - Diciembre 2024
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2024 Argentine Mining Compendium
Edición 527 - Febrero 2024

Events

  • Gold, Silver & Copper 2024
  • Lithium in South America 2025
  • San Juan Mining Expo 2026

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.
Illustrative image for the article: 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.

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Illustrative image for the article: 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."
Illustrative image for the article: 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.
Illustrative image for the article: 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.

Illustrative image for the article: 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.
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.
The Day After. Without Obligation, the Best Contribution

The Day After. Without Obligation, the Best Contribution

I have seen several proposals for defining Mine Closure, and I have also had the opportunity to review applicable regulatory frameworks, which include a set of obligations related to the environmental and social factors inherent to the activity in general and to each specific project. However, there is a contributory work plan of greater added value on which mining could be a notable contributor.
Lithium in South America 2024: The Mineral of the Energy Transition Gains Prominence on the National Development Agenda

Lithium in South America 2024: The Mineral of the Energy Transition Gains Prominence on the National Development Agenda

Governors from Argentina’s northwest, alongside international representatives, diplomats, business leaders, and the country’s Secretary of Mining, inaugurated the "13th International Seminar on Lithium in South America," a key event organized by Panorama Minero in Jujuy Province, drawing over 1,500 attendees on its first day. Since its founding in 2011, the event has established itself as a leading platform to discuss lithium's role in the energy transition and its potential to drive the region’s economic and social development. Experts agreed that there are solid reasons to expect a favorable outlook for the sector, despite the current price downturn.