Reported 4 months ago
Argentina's Mendoza province, famous for Malbec vineyards, is aiming to boost exploration of its copper resources by fast-tracking environmental permits and easing red tape to attract miners. With an area the size of New Jersey earmarked for copper projects, the region is looking to leverage the metal's demand for electrification. By revitalizing its mining industry and attracting new investors to abandoned projects, Mendoza is positioning itself strategically in the global copper market amid rising prices and shortages, aiming to move past past environmental hurdles and anti-mining sentiments with opportunities for companies like Fortescue and First Quantum Minerals.
Source: YAHOO