Reported 5 months ago
Argentina aims to tap into its untapped copper reserves in the Andean north to become a top 10 global producer, attracting investors like Glencore and Lundin Mining. However, unlocking this potential is hindered by strict capital controls, high inflation, and high tax rates. President Javier Milei needs to address these economic issues first to allow projects like Lundin's Josemaria and Glencore's El Pachon to move forward. Milei's proposed reform bill aims to boost investment and provide tax benefits, but more collaborative efforts are needed between local governments and mining companies to attract the necessary investments for advancing these projects.
Source: YAHOO