Column: Trump 2.0 won’t reverse Biden’s critical minerals push
Donald Trump has described the Inflation Reduction Act (IRA) as a "green scam" and vowed to repeal it after he returns to the White House in January.
Argentina’s Deputy Secretary of Mining Policy, Mario Capello, said today that both the federal and the provincial governments have to work together towards relaxing the Glacier Law so that it becomes easier to develop Patagonia’s massive copper deposits.
According to the state-owned news agency Télam, Capello said that such deposits have the potential for producing 1 million tonnes of the red metal this year, which would translate into $8.5 billion in exports. Current exports from the mining industry generate $3.5 billion.
“Let’s do what we’ve got to do,” the official told reporters. “We have to make decisions that allow for the exploitation of Argentina’s mineral riches and supports the development of the country’s interior,” he added.
Capello explained that his proposal is based on the fact that most porphyries are located in areas 3,500 or 4,000 meters high where the ground is frozen and, therefore, cannot be exploited under current regulations.
The secretary made these statements at an exhibition in the western province of San Juan, where he also said that he is convinced that the world needs Argentina’s copper, lithium, gold and silver.
2 Comments
Carlos Gardel
Ha Ha Ha. This might be true but mining companies dont need the hassle of having to bribe many government officials at all levels. Vale gave up on the Rio Potash project in Mendoza when the huge bucket of money they had aside for bribes went dry. On that project they were doing a rail line 1500kms. Eventually the realised they had to bribe to top ten officials in every town, municipality and regional government for 1500kms. Finally it got down to one town whos mayor wanted to charge a bribe for every ton of potash that travelled through the town for the life of the project. Very creative when you think about it but that was the straw that broke the camels back and Vale pulled out. Until more government officials at every level are in Jail for corruption then its too dangerous.
Argentina is like a tango, beautiful, romantic passionate, intricate, offering a promise of soo much more, then nothing more. As an example with the Odebrecht scandal 4 other countries in South America. have expresidents in jail or on the run for corruption. In Argentina, Cristina is in the Senate along with Carlos Menem who has a criminal conviction with a sentence of 7 years for gun running and money laundering. Wasnt it Voltaire who said a country gets the government it deserves.
klgmac
How ironic is this? We have to destroy the glaciers to save them! Those AGW scammers are so smart! Not to mention that they tend to overlook this fact.
“Scientists discover 91 volcanoes below Antarctic ice sheet”
https://www.theguardian.com/world/2017/aug/12/scientists-discover-91-volcanos-antarctica