CIMA | Centro De Información Minera De Argentina

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CIMA | Centro De Información Minera De Argentina MINING IN ARGENTINA 2 3 Table of contents WHY ARGENTINA P. 3 Overview p. 4 Renewed investment ecosystem p. 6 Reemerging on the Global Stage p. 8 Strengthening Institutions and Transparency Mining Information and p. 9 Transparency Infrastructure & Energy p. 11 Mining Integration and Complementation Treaty p. 13 between Argentina and Chile DOING BUSINESS IN MINING P. 15 Main fiscal and legal issues of the p. 16 mining industry Why Ownership obtention procedures for p. 18 mining concessions Argentina Exploration & Mining Exploitation p. 19 Mining Investment Law: Promotional p. 20 regime of the mining sector Transparency, facilitation and cost p. 21 reduction in administrative procedures MINING IN ARGENTINA P. 23 Main mining operations p. 24 Exploration projects p. 26 Advanced projects p. 28 Early stage prospects p.30 Mining Portfolio p. 31 Investment Key Players p.32 4 5 Overview NORTHWEST - Agricultural Jujuy SysTEM OF GoVERNMENT products: soy, POLITICS & Federal republic with three branches of corn, sugar cane government within stable democratic - Mining: lithium, Salta Formosa GOVERNMENT framework. Executive (President), gold, silver, Legislative (Congress) and Judiciary copper, borates Misiones Tucumán Chaco (Supreme and lower courts). - Gas Catamarca Santiago del Estero Corrientes La Rioja Santa San Fe FEDERAL GoVERNMENT . Juan NORTHEAST The country is divided . A CUYO A Entre - Agricultural products: into 23 provinces - Mining: copper, Córdoba Ríos gold, silver, lime rice, soy, corn plus the autonomous San - Mining: semi- city of Buenos Aires. - Agricultural Luis products: olive, Mendoza Ciudad de precious stones Provinces have their Buenos Aires - Forestry WHY ARGENTIN vine own constitutions and WHY ARGENTIN . A executive, legislative CONGREss A N N TI Buenos Aires and judicial branches of Divided into two houses: the Senate TI N La Pampa N government. In addition, and the House of Representatives each province is divided which constitute the legislative branch. ARGE Neuquén ARGE N N I into administrative units Members are elected by popular vote. I G (i.e. municipalities) which The Constitution entitles Congress G N PAMPAS N I Río Negro I N - Agricultural products: are not autonomous but to enact the codes concerning civil, N MI soy, wheat, maize, have their own budgets commercial, criminal, mining, labor MI sunflower, peanut and administrative and social security matters, which are - Cattle raising structures. applicable throught the country. - Mining: cement, Chubut industrial minerals and rocks SOUTH PATAGONIA AMERICA - Fish - Fruits - Petroleum / shale oil / shale gas Federal Republic English Population: Santa Cruz - Mining: gold, silver. divided into 23 uranium provinces grouped Proficiency: 40+ millions into 5 regions. High inhabitants Age distribution: Argentina is rich Official 25.5% under 15 Population in copper, gold, density: Tierra del Language: 64.3% between silver, zinc, lead, Fuego 14.4 inhabitant molybdenum, Spanish ages 15-65 per km2 lithium and more. 10.2% over 65 6 7 Renewed investment ecosystem The government promoted laws to foster investment tion with regard to taxes imposed on total income and employment, amongst which is the Small and or total capital, or any part of them, including taxes Medium Enterprises Law and the Auto Parts Law, on profits derived from the dispose of movable or the Public–Private Partnership Law and the Entre- immovable property, as well as those on capital re- preneur Law. Sanction of the Knowledge Economics valuation, required in each of the contracting states. LEGAL CHANGES TO PROMOTE FOREIGN INVESTMENT Act that promotes software development and tech- nological innovations. It is also making headway in These Agreements were signed with Germany, Australia, ALREADY IMPLEMENTED the National Productivity Plan to propel production, Austria, Belgium, Bolivia, Brazil, Canada, Denmark, Spain, UPCOMING accelerate growth and achieve full employment and Finland, France, Italy, Mexico, Norway, the Netherlands, the Capital Markets Law better quality of life for our citizens. United Kingdom, Russia, Sweden, Chile and Switzerland. Cultural Patronage Law — In addition, on December 1st of 2018, within the frame- Antitrust Law tax incentives for private . A . In December 2017, a Tax Reform has been santioned work of the G20 summit held in Buenos Aires, an agree- companies to finance cultural A (Law 27.430) introducing changes to favour investment. ment was signed with the People’s Republic of China. Income Tax Reduction for corporations projects. Argentina has agreements to avoid double taxa- Reduction of Labor risk Law Transparency in Public Works Law — stipulates New Import Regime (“SIMI”) — clarification of a requirement that all the WHY ARGENTIN . WHY ARGENTIN A . goods requiring non-automatic import licenses, administrative steps for N A N all other goods require only an automatic license. public works must be made TI N TI N public. Rural Land Law — implementation of a more ARGE ARGE N flexible system for productive use of rural land I Argentina has launched N I G N G by foreigners. different tendering process I N N I to double its available N MI MI Tax Amnesty Law — tax incentives for generation capacity, with Argentines to repatriate assets held abroad and the target of adding +21 invest in Argentina’s economy. GW by 2025. Almost half of this additional capacity SME Promotion Law — reduction of income tax will come from renewable and increase in financing options for SMEs. sources (specially wind and solar). To enable this Automotive Parts Production Law — incentives generation capacity target, for automotive industry when buying local the government has put in production. place a tendering process to double the power line, and Access to Public information Law — stipulates a increase the capacity of the requirement that all public information requested high voltage grid, aiming to of the government be provided (or denied with a reach the “sweetest spots” of specific reason) within 15 days. renewable energy sources. The mining industry will Central Bank´s autonomy reinstaiment benefit from this initiative because Argentina’s mining and renewable source potential share the same region. 8 9 Reemerging on the Global Stage Mining Information and Transparency Strengthening Institutions and Transparency Argentine is looking forward to ceeding files’ legal status for six other provinces. Our online cadastre is the core of our information • G20 2018 BA Summit. Argentina’s motto: “Building Consensus for a sustainable and increase transparency throughout system, called Argentine Mining Information Centre (CIMA), available at: cima.minem.gob.ar equitable development” all its activities. We strongly CIMA also offers sets of alphanumeric data, geo-ref- • Organisation for Economic Co-operation and Development (OECD) – Nomination believe that a public information erenced and documental information of interest for mining companies, public agencies and civil society. • INTERGOVERNMENTAL FORUM on Mining, Minerals, Metals and Sustainable system contributes to enhance In a user-friendly way, the information system allows consulting, among other issues, data-bases about Development (IGF). Argentina as Latin America Executive Board representative competitiveness in the Argentine mineral production, foreign trade, employment, min- ing projects, mining companies, legal framework, in- • Mines Ministries of the Americas Conference (CAMMA) – Public Policy framework for mining sector. formation about industrial minerals and rocks, and information related to the socio-environmental evalu- . A . mining ation of mining projects. A • Mining Integration and Complementation Treaty between Argentina and Chile CIMA • Extractive Industries Transparency Initiative (EITI) – Member The mining cadastres of twelve provinces -Jujuy, WHY ARGENTIN . WHY ARGENTIN A . (Argentina Mining Information Center) launched Salta, Catamarca, La Rioja, Mendoza, Neuquén, Río N A • Open Government Partnership – CIMA N Negro, Santa Cruz, Córdoba, Chubut, Tucumán and The Geological and Mining Survey of Argentina is the TI N TI N Santiago del Estero- are now available for on-line scientific and technological organization of the Ar- query. This allows consulting on discovery claims gentine Government responsable for the generation ARGE ARGE N I N (“Manifestaciones de descubrimiento”), mines, ex- and disemination of geological, technological, mining I G N G ploration permits and 3rd category minerals quarries. and environmental information, which facilitates the I N N I N For each of these, geo-referenced information is sustainable development of natural resources and MI MI available, as well as data on proceedings file num- their rational use as well as the mitigation of natural bers, holder and minerals. Likewise, the system al- and anthropic hazards. lows online consulting on proceeding files’ legal status for four provinces: Salta, Jujuy, Neuquén It also offers different services as a chemical lab for and Río Negro. By December 2019, it is expected private or public use, geological maps from different to include the mining cadastres of four additional scales (1:250.000; 1:200.000; 1:100.000), hydrogeo- provinces, as well as the online consulting of pro- logical information, volcano observatory, satellite im- agery and geographic information systems. For more information, please visit http://www.segemar.gov.ar and https://sigam.segemar.gov.ar/ http://sig.se.gob.ar https://sigam.segemar.gov.ar/ 10 11 Infrastructure & Energy Argentina is
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