Investment in exploration, development of exploration, and development of mining projects

Investment in exploration, development of exploration, and development of mining projectsInvestment in exploration, development of exploration, and development of mining projects in the country will produce a new record during 2011, with more than 11,000 million pesos, representing a cumulative growth exceeding 5700% in the last 10 years. Greater diversification of funding sources.

Risk fund exploration and development of productive projects and come from 30 countries on five continents, according to projections from the National Directorate of Mining Planning Department Federal Ministry of Mines.

This study is based on the growth of business investment for the exploration of new deposits and the announcement of funding for development and progress of construction projects.

Percentage increase in investment is greater than 1570% compared with 2003, the year that then-President Nestor Kirchner formally launched the National Mining Plan, the first state program for the development of this activity.

Also, with the implementation of this plan set of policy measures to promote investment in the mining sector, which allows it to attract capital from around the world.

In this case the National Secretary of Mining, Jorge Mayor, said investment in the production and consolidation of new mining assets “to create more original work afincamiento basic infrastructure and the development of local suppliers, promote better rooting population and quality of life of the country ignored.”

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