Ar­gentina Pro­motes In­vest­ment on Min­ing

Beijing (English) - - INFO -

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.

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