From The Report: Argentina 2018
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In 2016 the mining sector contributed 1% of Argentina’s GDP, or around $5.9bn. Of this total, 40% came from the sale of industrial rocks and minerals containing calcium, salt and dolomite. The main export destinations are Argentina’s southern cone neighbours, with Chile accounting for 68% of exports, followed by Brazil (19%) and Uruguay (6%). Nearly two-thirds of the area in Argentina with mining potential remain unstaked, leaving investment opportunities in a number of provinces. While private sector spending on exploration more than doubled from $140m in 2016 to $300m in 2017, around $400m of annual investment is expected to be required to fully explore these six mining regions in the coming years. This chapter contains an interview with David Guerrero, CEO, Galaxy Lithium.