Argentina’s Mendoza Province, known for Malbec vineyards that draw tourists from across the world, is moving to spur exploration of its copper deposits long shunned by prospectors due to restrictions and red tape. Authorities have identified a vast region in the Andes Mountains where they plan to expedite environmental permits with blanket authorisation to unlock copper projects and tap a booming market of the metal needed for the global push toward electrification. Its officials are eying the wiring metal after finding new investors for a potash project abandoned a decade ago. Fortescue Ltd, First Quantum Minerals Ltd and Canadian juniors have expressed interest in the deposits.
May 31, 2024
SOURCE: BUENOS AIRES TIMES
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