Argentina’s Commitment to Responsible Mining: A Strategic Showcase in Toronto
Argentina’s official delegation attended a key event in Toronto to promote foreign investment, emphasizing responsible mining and economic reforms. Secretary General Karina Milei and Finance Secretary Pablo Quirno highlighted significant fiscal improvements and the RIGI law’s role in attracting investment. Mining potential and regional support were discussed, showcasing Argentina’s commitment to becoming a prominent mining destination amidst economic recovery efforts.
During a significant event in Toronto, Argentina’s official delegation included prominent figures such as Secretary General Karina Milei and Finance Secretary Pablo Quirno. They were joined by Argentina’s Ambassador to Canada, Josefina Martínez Gramuglia, and Canada’s Ambassador to Argentina, Stewart Wheeler. The gathering highlighted Argentina’s commitment to enhancing foreign investment and promoting responsible mining practices.
Josefina Martínez Gramuglia opened the proceedings, welcoming Canadian investors and stressing the importance of responsible mining. Ambassador Stewart Wheeler emphasized that both the Argentine and Canadian economies are enriched by sustainable mining investments. Secretary General Karina Milei acknowledged the collaboration that made Argentina’s participation possible, pointing to the transformative RIGI law as a crucial factor in attracting investment.
In his speech, Pablo Quirno outlined the economic resurgence under President Milei’s administration, presenting statistics demonstrating fiscal improvements. Quirno noted that, upon taking office, Argentina faced severe economic challenges, including high inflation and declining reserves, which this new administration aimed to rectify promptly. Within a month, significant measures reduced the fiscal deficit, offering stability that renewed investor confidence.
Luis Lucero, addressing Argentina’s mining prospects, detailed impressive lithium and copper reserves positioned within a competitive regulatory framework. He reported a notable growth in lithium production capacity and highlighted the alignment of political support for mining activities. Lucero also mentioned strategic international agreements to enhance technical education and investment opportunities in the mining sector.
During a panel discussion on regional mining opportunities, San Juan Governor Marcelo Orrego praised the strategic role of copper and announced proactive measures to foster mining in the province. Mendoza’s Governor Alfredo Cornejo discussed amendments to streamline mining permissions. La Rioja Governor Ricardo Quintela emphasized the province’s long-standing mining legacy, while Jujuy Governor Carlos Sadir expressed commitment to fostering responsible mining with benefits for local communities.
From the private sector’s perspective, Barrick CEO Mark Bristow lauded the successful performance of Veladero mine, encouraging new investments and supporting Argentina’s growth potential. Austral Gold CEO Eduardo Elsztain stressed the necessity of consistent financing to realize Argentina’s vast resource potential, citing the country’s long history of currency instability. Stability, he asserted, is crucial for attracting future capital.
Argentina’s involvement in PDAC 2025 illustrates its strategic initiative to emerge as a prime mining investment destination. The emphasis on government backing and macroeconomic stability was met with enthusiasm from industry leaders. However, persistent economic volatility poses a challenge to sustaining this positive environment, raising concerns about maintaining regulations and trust among investors.
Argentina’s recent participation in the Toronto event demonstrated a renewed focus on responsible mining and foreign investment, underpinned by vital reforms and economic stabilization measures. With leadership commitment evident in speeches, the country positions itself as an attractive destination for mining investments, although ensuring ongoing stability remains a critical concern for the future growth potential of the sector.
Original Source: www.panorama-minero.com
