And now here we go: Rob McEwen Mr Goldcorp himself is on the road to the economic recovery in Argentina and is working on the giant Los Azules Copper to make it the success story for the proud people of Argentina. I would like to use this opportunity and send my very warm regards and the best wishes for the New Year 2016 to Rob and all his Team at McEwen Mining from all of us at TNR Gold!
Please carefully read my legal disclaimer and nothing on this educational blog must be taken as an investment advice. Always consult your qualified financial adviser before any investment decisions.
International Lithium and TNR Gold: Changes in Argentine Government Policy.
Orocobre has issued a very interesting news release describing the recent changes in Argentina. I would like to use this opportunity and wish to all proud people of Argentina Merry Christmas and Happy New Year! You deserve it - take your country back now!
Please read carefully my legal disclaimer. Please be advised that NI 43-101 qualified person at TNR Gold and International Lithium has not reviewed any data provided by Orocobre and it should not be relied upon in any financial decisions. Please always consult with your preferred qualified financial adviser.
International Lithium And Ganfeng Lithium Move Mariana Lithium Brine Project Forward In Argentina.
Mr. Kirill Klip, President, International Lithium Corp. comments, “We have always viewed Argentina as a favorable location for mineral exploration and development and have been able to operate in a mutually beneficial manner with the local people and governments. The results of the recent elections have managed to give foreign corporations greater confidence in the future of business and mineral resource development in Argentina. We welcome the change and look forward to working with the newly elected officials and advancing our Mariana lithium brine project in cooperation with our strategic partner, Ganfeng Lithium. Security of lithium supply is becoming more important as witnessed by recent price increases in China, all in advance of the completion of new battery production facilities announced by Tesla and other manufacturers. We continue to build a vertically integrated lithium business with Ganfeng Lithium to meet the future demand of lithium products that will address the increasing demands for lithium raw materials and chemical products.” Read more.
Argentina 2016 The New Frontier Of Opportunities.
Today I would like to share with you the article written by very talented member of TNR Gold Team Roberto Lara from Argentina. Proud people of Argentina are looking for a change coming to that beautiful country and this report from the ground brings the great energy of the coming spring after the very long winter. Please carefully read my disclaimer and always consult you preferred qualified financial adviser. Read more.
TNR Gold And International Lithium: Argentina Fever Is Back For Investors Who've Waited 14 Years.
I hope that this excitement will get to our companies as well one day! We are ready, we have not only saved our assets, but built new business in Argentina with Ganfeng Lithium - $2.5 Billon market cap giant from China, which is financing International Lithium Mariana J/V project in Argentina.
TNR Gold And McEwen Mining: Los Azules Copper - Conservative Mauricio Macri Wins Argentina Presidency.
The proud people of Argentina are taking their country back! Nobody knows the future, but now we have the hope that conservative Mauricio Macri will bring his country back where it belongs on the international arena. I expect that now, finally, country risk will become the huge value catalysis.
TNR Gold holds:
1. Royalty in giant Los Azules copper project with McEwen Mining and 1% on Sale of this project;
3. 25.5% in International Lithium, which develops J/V Mariana Lithium project in Argentina being financed by giant from China - Ganfeng Lithium.
Please carefully read my legal disclaimer and you can find all latest financial information about TNR Gold and International Lithium on SEDAR. Please never make any investment decisions without consulting with your preferred qualified financial adviser. Read more.
BN Americas:
McEwen eyeing lower capex development at Los Azules
McEwen Mining is investigating a lower cost development at its Los Azules copper deposit in Argentina, CEO Rob McEwen told BNamericas.
The company has been unable to secure a buyer for Los Azules in recent years, with little market appetite for such a large project, which requires US$3.92bn in capex according to a 2013 revised PEA.
Difficulties doing business in Argentina have also reduced its appeal, McEwen said.
But the company is currently analyzing the possibility of utilizing different metallurgical processes to reduce capital and operating costs and make Los Azules a more attractive project.
"We think there is another way to approach this and come in with a much lower capex," the CEO said. Work to determine what the capex could be cut to is ongoing, he added.
NEW GOVERNMENT
The election of pro-business Mauricio Macri as Argentina's president is also positive for the chances of a Los Azules sale, McEwen said.
Macri, of the center-right PRO party, replaced Cristina Fernández de Kirchner earlier this month. Under the previous administration, mining companies struggled with restrictions on sending cash abroad and importing equipment, as well as foreign exchange and inflation issues.
"The Argentina election makes [the sale of Los Azules] a possibility, whereas with the previous government that wasn't going to happen," McEwen said.
Proceeds from a potential disposal of Los Azules would be used to help fund development of projects which include El Gallo 2 in Mexico and Gold Bar in the US.
McEwen also has the El Gallo gold-silver mine in Mexico and a 49% stake in the San José mine in Argentina."
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