Michael MedingGeneral Manager of the copper project The Blueshighlighted the importance of the International Investment and Guarantees Regime (RIGI) and the recent sanction of the Bases Law in the Senate. According to Meding, these measures seek to restore the legal security and improve the competitiveness of Argentina in the mining sector, while facilitating access to foreign currency and promoting the development of local suppliers and job creation.
“He RIGI It is an important signal for our project in San Juan,” he stated. Meding. “The proposal aims to align the tax burden Argentina with that of other mining countries, which is essential to attract investments and promote the growth of mining.
However, Meding expressed concern about the incorporation of a possible royalty increase in the legislation, warning that this could counteract the advances in competitiveness that are sought to be achieved with the RIGI. “Even with the RIGI, “Argentina has not yet reached the levels of competitiveness of other countries that compete for investments worldwide,”
San Juan is a clear example of how the mining It can transform entire provinces, but regulatory changes have interrupted its development on several occasions. According to Meding, Argentina has five world-class copper projects that could generate almost USD 19 billion in investments and, in a relatively short term, USD 10 billion in exports and up to 42,000 jobs, three of them located in San
“These five projects could be equivalent to 20% of Argentina’s agricultural exports,” Meding stressed, emphasizing the enormous economic potential of mining. “It is crucial to observe how the conversation will develop in the Chamber of Deputies and how these measures will be regulated. But it is clear that Argentina can ignite another turbine of progress and development with mining.
Meding highlights the importance of a stable and competitive regulatory framework to attract investment and fully develop Argentina’s mining potential. With projects like Los Azules and others in San Juan, the country has the opportunity to diversify its economy and generate sustainable and significant growth.
#Argentina
