Exploration work in Argentina in 2017 will grow by 2%. Despite the lackluster global exploration prospects, 32 new companies have entered the South American country.
Many of these newcomers are Australian companies, including Oceana Gold, but Canada remains the leading foreign investor in Argentina's mining industry with a 60 percent dominance.
In partnership with Barrick Gold (TSX, NYSE: ABX), the Chinese company Shangdon Gold has invested $ 1.2 billion to build Pasqua Lama, the first two-piece gold and silver mine between Chile and Argentina.
President Mauricio Macri wants to reassure foreign miners that Argentina offers a safe, stable environment for the exploitation of copper, gold, silver and lithium.
Argentina boosts exploration for minerals
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Azovpromstal® 8 September 2017 г. 09:52 |
