Argentina will present to the Republic of China the 10 most important copper projects in the country in advanced exploration and feasibility stages, which are estimated to require investments of more than US$ 15.000 million, as part of the mining potential that includes gold, silver, lithium and industrial mineral deposits.
This was anticipated by the Undersecretary of Mining Development, Mario Capello, in Beijing at the head of a delegation of national officials and businessmen who will develop during the next few days a broad agenda of meetings that will culminate with the participation in the China Mining Fair, in Tianjin City.
"In this mission we will present Argentina's mining potential and the development opportunities for gold, silver and lithium projects, but mainly copper."Capello explained, referring to the great interest that he estimates copper deposits will arouse among Chinese companies and investors, a country that demands 60% of this mineral worldwide.
To this end, the details of “the 10 most important world-class copper projects in the country will be presented, which require a capex (initial investment in equipment and facilities) of US$15.600 billion” to take advantage of the resources estimated at 53 million tons, explained the official, recalling that the last investment in a copper porphyry dates back to 1995 with the opening of the Bajo la Alumbrera mine.
At a time when the Catamarca mine has already begun its closure process, the national government through the Mining Secretariat seeks to develop a Ten projects Among which Los Azules stand out in the province of San Juan, with an investment need of US$3.920 billion; Taca Taca in Salta with US$3.055 million; and Pachón in San Juan with another US$3.000 billion.
The list of projects in advanced exploration and feasibility stages is complemented by that of Agua Rica in Catamarca with an investment requirement of US$2.216 million; Altar in San Juan with US$1.500 million; Josemaría in San Juan with US$1.540 million; and those of San Jorge in northern Mendoza; Filo del Sol in San Juan; Campana Mahuida in Neuquén; and Río Grande in Salta.
Together, these ten identified projects represent reserves of 53 million tons of copper, 34 million ounces of gold, 598 million ounces of silver and 960.000 tons of molybdenum.
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