A big deal: Work towards a unified federal mining deal has seen interest in new investments increase
A key challenge facing mining investors in Argentina involves navigating the different legislative frameworks of each province, which under the constitution, own the subsoil mineral wealth. This gives local governments significant say in the licensing, taxing and regulation of the industry. The use of open-pit mining and cyanide are banned in Chubut Province, for example, effectively making the Navidad mine one of the world’s largest underdeveloped silver quarries, despite being owned by Canada’s Pan American Silver. This situation could be about to change, however. Under President Mauricio Macri, the government has made major efforts to unify policy, culminating in the signing of the Federal Mining
