San Juan, leader in mining investments in the country

Between January 2020 and December 2021, the mining investments announced in the country totaled 9,314.36 million dollars, of this figure 5,181.7 million dollars correspond to San Juan, and with this 55.6% the province leads the national ranking of mining investments, according to figures provided by the National Mining Secretariat.

After San Juan came the province of Salta, with an investment announcement of 2,466 million dollars (26.5%); then Catamarca, Jujuy and Buenos Aires were located. Of the total announced, 94.5% will be allocated to construction and expansion.

The governor of San Juan, Sergio Uñac, stressed that “it is no coincidence that San Juan is the province with the most mining investments in the country. We have natural resources in quantity and quality, we have clear rules and a legal framework that encourages investment. We have strict environmental protection standards for this activity, rigorous controls on the part of the State, and a social license for the people of San Juan”.

The president added that “mining in San Juan is an activity that has proven to be a great catalyst for our economy. Our mines mean for the province more than 70% of our exports”.

Uñac pointed out that the province’s Ministry of Mining, headed by Carlos Astudillo, performs an impeccable task in this activity, regulated and controlled, which allows sustainable development thanks to correct environmental practices, management that made San Juan a model to imitate. in the great mining of the country.

In San Juan, the largest investment was announced by the Canadian group Lundin, 4,200 million dollars for the development of the Josemaría copper, gold and silver mining project, located in the north of the province.

The company reported that the metals extracted from Josemaría will be exported through Argentine ports, and all its facilities will be in San Juan, so that once production begins, the province will become one of the main exporters after the large grain producers in the country.

While for the Veladero gold mine, a disbursement of 225 million dollars was announced in March 2020 for the extension of its useful life, and in October of the same year another 628 million dollars of investment in additional projects were added.

While in October 2021 it was announced that the construction of Phase 7 of leaching in Veladero will require an investment of around 140 million dollars, which will allow the creation of 640 new local jobs.

But in addition, in 2021 Minister Astudillo signed 31 Environmental Impact Statements (DIA) for new exploration projects, which shows the interest in mining in San Juan.

Some of the most advanced metal projects are: El Pachón, copper; The Blues, copper; Altar, copper, silver and gold; Lama, gold and silver; and Filo del Sol, made of copper, gold and silver.

In terms of exploration, this year San Juan exceeded 50% of the total investment in the country. In 2020 it was over 40%.

The figures released by Minería de Nación reflect the result of a State policy in San Juan where mining concessions are to be worked on.

On the other hand, it demonstrates the confidence of the private sector in the province and in the policies to accompany the productive processes, always hand in hand with the community for sustainable and equitable development.

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