Mining in Argentina 2009 – After the Storm, is the Outlook Positive? By Paola Rojas
On spite of the global crisis, Argentina continues to crystallize projects and mines of significant importance, further enhancing an already dynamic sector.
It is true that the crisis precipitated the exit of a good number of companies with in exploration projects -both grass roots and advanced- but the vast majority owe their withdraw to other reasons. For example, Alexander Gold had already decided to stop their Leon project months before; they now are only maintaining the property and focusing in the development of their processing technology Metaleach. ATW Venture (now ATW Gold) completed two drilling programs between 2007 and 2008 in the Amarillo project, owned by Marifil Mines, and after not being able to find what they intended they decided to leave the country to focus on their newly acquired gold mine, now already in production. Most of the over 130 companies still active in Argentina have reduced their activities drastically, but with the interest of maintaininfg their assets and wether the storm. It is frankly not strange, that in an environment mostly populated by junior companies, the sector has a high mobility, in any situation. Read more
