β€œThe most important thing in mining is to find a balance between economic and social.”

β€œThe most important thing in mining is to find a balance between economic and social.”

Argentina has a promising future and a reality based on lithium and copper projects. The role that mining has played and will play in this case is very important.. As for lithium projects, they are projects that invest more than $5,000 million. Just like copper. Bernstein said that there are investments totaling more than 20 thousand million US dollars, and exports of more than 12 thousand million US dollars in the next ten years.

Luciano Bernstein. jpg

Luciano Bernstein, CEO of the Argentine Chamber of Mining Entrepreneurs (CAEM).

Luciano BernsteinExecutive Director of the Argentine Chamber of Mining Entrepreneurs (CAEM).

For his part, when explaining the first steps, how to extract minerals, Hernandez noted: β€œThe important thing is that there is a deposit, and that there is something that can be extracted for economic benefit. Not all mineral deposits will be mined. Argentina has the potential to have many deposits. But we have to work so that these deposits are productive. It is not easy, it is conditioned by many factors. There is a huge step from deposit to deposit. Argentina is going through a process of maturation, so that it can become economically and socially viable.”

β€œThe most important thing in mining is to find a balance between economic and social. The other cross-cutting issue is water use and the amount of employment it can generate,” Hernandez noted.

In this sense, Bernstein detailed the number of deposits currently under production in the country: β€œCurrently, the Cordillera mineral mining has thirteen projects in production at this time. The portfolio includes gold, silver and copper projects. It mainly concerns gold production: 60% of mining exports come from gold. We have a special silver project in the south. and lithium projects in the North. The potential is enormous.”

In this sense, Bernstein referred to the growth in the number of mining companies, saying: β€œIt is a country that has been little explored and exploited. For example, Chile exports $62,000 million of minerals and Argentina $3,300. This means that the potential is huge.. This is why we are working from the sector to exploit it more. That’s why there are so many projects.

Finally, when referring to sustainability and specifically to the use of water in the production process, Hernandez noted: β€œTo produce an ounce of gold, at a selling price of $1,600, 557 liters of water are required. We add what it generates in terms of taxes, which will generate a lot of resources for the state. The reason is very simple: mining reuses water. It has a process so that the water entering the system is used in several production cycles until it ends in evaporation, and other productive activities do not have the possibility to use this resource. Mining goes to great lengths to reuse and make the most of a critical natural resource. Also, mining does not necessarily need fresh water.”

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