Sunday, 7 February 2016

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.

Energy Metals Royalty Company TNR Gold Corp. Announces Restructure of Loan.


  "We are very fortunate at TNR Gold and International Lithium to have our very strong core partners who are supporting us through thick and thin. Today I am very pleased that Gary and myself are opening the new chapter in TNR Gold's history and we will move forward our Energy Metals Royalty Company business plan forward. We have managed to protect and even built new assets for all our shareholders at TNR Gold during this recent massacre in junior mining and commodities sectors.  
  Even if markets are not there to appreciate it we still have everything we fought so hard for: Royalty in one of the world's largest Los Azules Copper deposit in Argentina, Shotgun Gold project in Alaska and our Stake in International Lithium. We are coming back in business with TNR Gold and now we have time to monetise our assets and capitalise on the Mega Trend I am writing here about: Next Industrial Energy rEVolution powered by Lithium Technology. Electric Cars, Solar and Wind power generation and distribution are demanding a lot of Copper and Gold will not only provide the best conductivity and connections, but one day will shine as the one and only true money without anyone obligation.
  Please check carefully my legal disclaimer and never make any investment decisions without consulting your qualified financial adviser. 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.

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.

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 holds:

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.

  "Copper and Lithium become the strategic metals for the ongoing green revolution. Solar and Wind Energy and Electric Cars will drive the new demand for these metals. Solar Energy is growing very fast all over the world now. Energy Storage will be the next step to ignite this growth. This is the new focus of Elon Musk and his Gigafactory. He will introduce the home storage system based on the lithium batteries in the next few months. Copper will have its special place in this mass scale roll out of distributed energy generation systems with Wind and Solar Power. Integral part of this system - Energy Storage is getting popular now with Elon Musk Gigafactory and Warren Buffet with BYD making the headlines. These Trillion Dollar industries: Electric Cars and Energy Storage will drive the demand for Copper and Lithium in the future. Read more."

The Northern Miner:

New Argentine government making right moves, Rob McEwen says

Canadian gold mogul hopes Mauricio Macri can get Argentina on the right track

After more than a decade of leftist government, voters in Argentina elected Mauricio Macri, a wealthy businessman and Buenos Aires mayor, as their new president on Nov. 22, 2015. The centre-right politician has promised more pro-business and free market policies that he says will tackle some of the country’s biggest problems, which include record-low foreign reserves, a vast budget deficit and an inflation rate running at an annual pace of more than 20%. In his first weeks in office, he made good on a campaign promise to dismantle capital controls and has also cut taxes on agricultural exports, including beef, wheat, corn and soybeans. He has also sent members of his government to meet with the mediator in Argentina’s conflict with foreign bondholders in an effort to end the South American country’s isolation from international credit markets. In addition, Macri has raised interest rates on short-term fixed deposits to help keep a lid on inflation. Other campaign promises include plans to raise tariffs on electricity and natural gas. The Northern Miner asked Rob McEwen, founder of McEwen Mining (TSX: MUX; NYSE: MUX), which has several assets in the country, for his take on the new government.

The Northern MinerThere seems to be a growing sense of hope around Argentina, and the new president is off to a quick start. 

Rob McEwen: Yes, it’s a breath of fresh air that is most welcome, particularly for the mining industry.

TNMThe Financial Times noted in a commentary published on Jan. 4 under the headline: “Argentina, Brazil, change places” that a “role reversal” of sorts seems to be taking place between the two South American countries. The article said that “Argentina, long the region’s financial pariah, is coming in from the cold following the election of a new president who has pledged to revive the economy, make amends with holdout creditors and regain investors’ trust,” while Brazil, by contrast, “the once high-flying darling among emerging market investors, has seen its fortunes come crashing down.” Would you agree with that?

RM: They’re both well-endowed with mineral resources, and Brazil has been more forward with their thinking and the development of their natural resources sector, as has Chile. But it’s encouraging to see Argentina letting the peso go to its one rate, natural state, and lifting the capital controls ... getting rid of the export taxes in the mining industry would probably have to wait a little bit longer, as the government is dealing with its domestic sectors first, but ... somewhere along the line this year they’re going to deal with mining. They are also talking about passing legislation that will set clear rules on public protests to avoid the blocking of main roads. Hopefully this legislation will extend to illegal actions by unions to block traffic in and out of mines.

TNMWhat other policy changes should be on Macri’s to-do list as he settles into his job?

RM: Lifting the rules on the import of goods, particularly capital goods needed at mines, would make building mines faster and less onerous. That’s what has really contributed to a lot of budgets getting blown out of the water in terms of time and costs. Some of the notions that Kirchner had for trying to develop second and tertiary industry were unproductive and terribly expensive.

TNMMacri was elected with a slim majority and will certainly face opposition. The last time Argentina devalued its currency, in 2001, there was enormous unrest, a near collapse of the country’s financial system and the largest sovereign default in its history. Given all the policy changes Macri has made since coming to office, is there a danger that he is moving too quickly on eliminating his predecessor’s protectionist policies? At the same time, the country seems to have taken the devaluation of the peso in stride, perhaps because Argentines realize that it is part of a broader plan to overhaul the economy. After the initial 30% devaluation of the currency, for instance, (from 9.8 pesos to the U.S. dollar to 15 pesos to the U.S. dollar), it has held up pretty well, strengthening to 13.3 pesos to the U.S. dollar more recently. 

RM: Most items in the country are already priced at the black market rate rather than the official rate, and inflation is running quite high. The corrective action President Macri and his ministers have discussed and enacted will be uncomfortable, but necessary for Argentina to get back on the right economic track. Will he get tossed out? I don’t know. But for Argentina’s sake, I hope not. 

TNMOn Dec. 10, the Federal Executive Branch appointed the new authorities of the Ministry of Energy and Mining and the Ministry of Environment and Sustainable Development — headed by Juan Jose Aranguren and Sergio Bergman. Aranguren recently made public the list of officers that will be part of his team at the Energy and Mining Ministry, including Daniel Meilan as the new mining secretary. Is that encouraging news?

RM: Absolutely. Daniel Meilan was the sub-secretary of mining in the 1990s, and so he’s quite attuned with the mining industry and what it needs to work efficiently and profitably. 

TNMAre you optimistic about the new government and the likelihood of change in the mining sector?  

RM: It’s going to take a while to change, but if they can come to terms with the U.S. bondholders — which will open up capital markets to the country — and if they can keep making steps to show they’re serious about treating foreign investors fairly, and holding to the laws they put in place that attracted miners to the country in the first place, rather than arbitrarily changing them, then it has a great chance to become a destination for mining capital investment.

TNMThere were rumours two or three years ago that McEwen Mining was so fed up with trying to operate in Argentina that it considered selling its assets there. Is that true?

RM: We have our San Jose mine and large Los Azules copper project. We did market Los Azules two years ago, with the objective of raising funds to finance our gold projects. Unfortunately, falling metal prices and terrible government policies killed that effort. The offers we saw were unimpressive, and our balance sheet improved to the point that there was no pressure or need to sell. Today, I see Argentina becoming one of the best turnaround stories in 2016. Companies with assets down there, such as ours, will likely see their share price appreciate, as the new president enacts more legislation that is foreign-investor friendly. I understand that Argentina plans to send a large delegation of senior officials to the PDAC this year to highlight how serious they are about protecting the rights of foreign investors."

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