Argentina to Ecuador: Highlights encompassing exploration, development, and infrastructure
In recent years mining has expanded significantly in Argentina due to many developments, which include elimination, or reduction to reasonable levels, of a very high level of economic instability. It was a situation that lasted for many decades and that made it very difficult to plan or calculate taxes during the term of a project. Nevertheless, a very important legal security for property rights-which included mining-existed, together with the absence of expropriations. The world and regional conditions with respect to the globalization of activities changed in many ways: the international trade accords such as Mercosur, communications, transportation, the easy access to information through data processing, satellites, etc. Nationalism and the monopolistic statism-with an emotional rejection to foreign capital-have almost disappeared, especially in Argentina. It should be mentioned that the main state companies, i.e. oil, gas, airlines, coal, maritime companies, water, electricity, steel, etc., had the national colors in their logos. In this circumstance, the European concept was followed, without its efficiency and administrative culture. Now, irreversibly, the state manager disappears, and the economy opens-together with the free flow of capital to enter and leave. Convertibility and the set of rules related to mining created a framework necessary for the mining sector`s awakening and the beginning of development of important projects such as Bajo de la Alumbrera and Salar del Hombre Muerto.
- OSTI ID:
- 530465
- Journal Information:
- Engineering and Mining Journal, Vol. 198, Issue 4; Other Information: PBD: Apr 1997
- Country of Publication:
- United States
- Language:
- English
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