Argentina, well positioned in the Fraser report with Salta as the most attractive province for investment

News
According to the annual report from Canada's Fraser Institute, Salta has managed to position itself as the leading province nationwide in two fundamental aspects for the mining industry. Firstly, it has surpassed other provinces in terms of the perception of mining public policies. Additionally, it has consolidated itself as the most attractive destination for investment in this sector.

By Panorama Minero

The Fraser Institute's report highlights that Salta has achieved a notable rating in the realm of mining public policies, scoring 75 points on the perception index. Salta's Minister of Production and Sustainable Development, Martín de los Ríos, pointed out that this rating "highlights the Government's management in mining matters and the province's legal framework, which provides security and predictability for investors."
fraser.png
The Fraser Institute, an independent research institution based in Canada, conducted this assessment through a survey distributed electronically to around 2400 individuals during 2023. The objective was to analyze how mineral resources and public policy factors influence investment in mining exploration.

Argentina has stood out this year as one of the most attractive regions in the world for investment (fourth place), with a median investment attraction score of 74.13. The country's Public Policy Index (PPI) score has significantly increased, rising from 49.54 in 2022 to 64.40 this year, an increase of almost 15 points. Among Argentine provinces, Salta and Jujuy have particularly increased their scores this year.

According to the Fraser Institute report, La Rioja, which this year ranks as the worst jurisdiction in policy and one of the least attractive for investment, ranks 83rd out of 86 jurisdictions. All respondents from La Rioja expressed concern about labor regulation, and 88% of them stated that the province's legal system is an obstacle to investment.

Salta, ranked 26th out of 86 jurisdictions, is the highest-ranked Argentine province in policy. The region increased its PPI score by 25.71 points this year. Investors showed less concern than in the past about Salta's political stability (-56 points), uncertainty about disputed land claims (-50 points), and trade barriers (-39 points). However, respondents showed greater concern about community development conditions (+8 points), the tax regime (+6 points), and infrastructure (+5 points).

San Juan experienced a drop of almost 5 points in its PPI score (-4.53 points) and went from 23rd out of 62 in 2022 to 34th out of 86 in 2023. Respondents expressed growing concerns about the quality of the province's geological database (+36 points), the availability of skilled labor (+28 points), and uncertainty about protected areas (+22 points).

Additionally, this year, of all regions, Latin America and the Caribbean experienced the greatest decline in median investment attraction score. It decreased by almost 20 points, and the region has become the second least attractive for mining investment worldwide. The region also experienced a decrease of 5.62 points in its policy perception score since 2022.

In terms of policy alone, Brazil (43rd) and Chile (49th) are the most attractive jurisdictions in the region for investment, while Colombia dropped in the rankings and is this year the least attractive jurisdiction for investment in Latin America. In fact, Colombia ranks as the fourth least attractive for investment worldwide, occupying 83rd out of 86 positions.
latam fraser.png

Magazine

Edición 529 - Abril 2024
2024 Argentine Mining Compendium
Edición 528 - Marzo 2024
Edición 527 - Febrero 2024
Edición 526 - Diciembre 2023
Edición 525 - Noviembre 2023
Edición 524 - Octubre 2023
Edición 523 - Septiembre 2023
Edición 522 - Agosto 2023
Edicion 521 - Julio 2023
Edición 520 - Junio 2023
Edicion 519 - Mayo 2023

Events

    Expo San Juan
    Lithium in South America
    Gold, Silver & Copper

Do you want to receive news about the sector and Panorama Minero initiatives?


Sign up for our newsletter.

 Salta leads the 46th Ordinary Assembly of the Federal Mining Council

Salta leads the 46th Ordinary Assembly of the Federal Mining Council

Salta hosted the 46th Ordinary Assembly of the Federal Mining Council (COFEMIN), an event that brought together representatives from all 23 provinces of the country and the National Secretary of Mining, Luis Lucero. The opening was led by Romina Sassarini, Secretary of Mining and Energy, who presided over the assembly.
Mining in Argentina has exported $1.134 billion this year

Mining in Argentina has exported $1.134 billion this year

In April 2024, mineral exports reached a value of $267 million, accumulating a total of $1.134 billion in the first four months of the year. This represents a year-on-year decrease of 9.9% for April and a 13.9% drop for the year-to-date. Additionally, according to estimates from the National Secretariat of Mining, the accumulated total for 2024 is 6.2% below the average recorded between 2010 and 2023 for the same months.

Week of definitions in Argentine mining leading up to San Juan Mining Expo 2024

Week of definitions in Argentine mining leading up to San Juan Mining Expo 2024

Next Tuesday, May 21, Wednesday, May 22, and Thursday, May 23, Argentine mining will gather at the San Juan Mining Expo 2024, the most important sector event of the year, where strong decisions about the future of the activity are expected. Six governors, the Secretary of Mining of the Nation, and the main mining and supply companies will be present at the event, with the participation of key actors from both the local and international levels. The exhibition comes at a crucial moment for the industry amidst discussions about the RIGI and the need to energize major projects.

 Arcadium Lithium reports strong first quarter results and significant growth for 2026

Arcadium Lithium reports strong first quarter results and significant growth for 2026

Arcadium Lithium, the multinational lithium company, announced its financial results for the first quarter of 2024, highlighting solid profitability driven by average prices for lithium hydroxide and carbonate above US$20,000 per metric ton. The company anticipates cost synergies and savings between US$60 and 80 million for the year and continues to advance towards a capacity of 170,000 LCE by 2026.
Salta: AbraSilver begins 20,000 meter drilling campaign in Diablillos

Salta: AbraSilver begins 20,000 meter drilling campaign in Diablillos

AbraSilver Resource Corp, a Toronto-based mining company, announced the start of a 20,000-meter drilling campaign at its Diablillos project in the province of Salta. The diamond drilling program will focus on expanding and delineating high-grade silver and gold mineralization within the company's flagship project. AbraSilver's goal is to identify new mineralized zones and explore under-explored areas, thereby driving the project's growth.