Argentina Promotes Investment on Mining
The Embassy of the Republic of Argentina in Beijing held a presentation, with a theme of “Argentina: Mining Development is a National Policy,” on September 20, to promote its mining investment opportunities for Chinese enterprises.
Taking part in the event were Diego Ramiro Guelar, Argentina's ambassador to China, Mario Osvaldo Capello, undersecretary of Mining Development of Argentina, Alberto Valentín Hensel, minister of Mining of San Juan Province, Eduardo Zappettini, director of the National Institute of Geology of Mineral Resources, and representatives of the Bank of China and more than 100 mining enterprises.
Various Argentinians spoke at the gathering about the changes in mining supervision in Argentina and its potential in natural resources such as copper, gold, silver, lithium and potassium. Capello told the audience, “Since 2016, mining has become a new pillar of relations between China and Argentina. Argentina is further developing its mining and hopes that mining will become a key industry as important as its agriculture. Many foreign enterprises have shown strong interest in investing in Argentina's mining development.”
Guelar noted that, “China thinks Argentina is a mining power and many of China's key companies are investing in Argentina or are studying Argentina's major projects. There is a big gap in China's mineral resources, but Argentina is rich in mineral reserves.”
Capello went on to say that Argentina's tax policy is stable and that it supports the idea that profits gained in the country can be transferred to foreign countries and agrees on the introduction of foreign production capital and equipment. He also explained that mineral resources in the provinces of Argentina and human resource support.