Now we are talking about the real progress in Argentina. Credit rating is going up, reforms are changing the business environment for the better and now giant Los Azules Copper project is being acknowledged on the state level. China is coming back strong from its transition into the domestic growth oriented economy, Energy rEVolution with Solar and Electric Cars and rising Argentina are making International Lithium and TNR Gold stories even stronger now.
"Most of the investment is expected to be made between 2018 and 2020. Some of the projects that are due to come online include Glendora's El Pachón, First Quantum's Taca-Taca, Yamana Gold's Agua Rica and McEwen Mining's Los Azules, Caem said." - BN Americas.
TNR Gold and McEwen Mining: Los Azules Copper - China Wants To Buy More Copper Mines To Secure Its Supply.
McEwen Mining.
Collapse in commodity prices has come with China economy downturn and will go with its transition to the internal consumption - security of supply for strategic commodities will always stay. China is moving very fast into the Next Industrial Energy rEVolution. Electric cars and Solar Energy are the new strategic industries and part of the 5 year plan. To secure the raw materials for this leapfrog jump directly into post carbon economy there is the military plan in action. China is already centre of Lithium Universe and controls 75% of Lithium Hydroxide which goes into Tesla Batteries. Now it is the follow up plan to secure the Copper supply when asset prices are depressed. Las Bambas was the first step and now next projects will follow. Los Azules giant copper project in Argentina is very well positioned for TNR Gold and McEwen Mining for these developments.
President Of International Lithium And Non Executive Chairman of TNR Gold Buys 1 Million Shares In TNR Gold.
TNR Gold Los Azules Copper: New Argentina's Government Making Right Moves, Rob McEwen Says.
"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. From the article with Rob McEwen you can better understand what is really happening in Argentina already and how TNR Gold projects in Copper and Lithium will potentially benefit from these positive changes. Read more."
TNR Gold Royalty: McEwen Mining Eyeing Lower Capex Development At Giant Los Azules Copper In Argentina.
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. Read more."
BNAmericas:
Argentina's mining industry eyeing US$20bn in investment
By Juan Andres Abarca
Argentina's mining industry expects US$20bn in new investment over the next five years thanks to a series of measures being implemented by the government of President Mauricio Macri to attract private sector investment in the country.
"The mining sector will invest US$20bn in the regional economies through 2021, thanks to improvements in our competitiveness due to tax changes and the expectations that we're creating the necessary certainties that the mining sector needs," Marcelo Alvarez, president of Argentina's mining chamber (Caem), was quoted as saying by state news agency Télam.
Macri took office in December and, since then, has taken steps to foster private sector investment. Within weeks the government abolished export duties and trade controls, eliminated the fixed exchange and capital controls and most recently settled the 2003 default with bondholders and returned to global debt markets.
Most of the investment is expected to be made between 2018 and 2020. Some of the projects that are due to come online include Glendora's El Pachón, First Quantum's Taca-Taca, Yamana Gold's Agua Rica and McEwen Mining's Los Azules, Caem said.
During the five-year period, the industry expects exports to reach US$25bn, and generate 40,000 new jobs, on top of the existing 90,000 jobs in the mining industry."
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