Take physic, pomp

The decline of exploration in Argentina

This chart contains data according to the statements made by Oscar Vera, president of the Santa Cruz provincial mining body Formicruz, in this Q&A:

In other words, back in 2007 there were 162 mining companies actively exploring in the country of Argentina. Today there are 25. Here are the reasons, according to Señor Vera (translated):
“The drop in metals prices has caused a profound crisis in the sector, greatl impacting investment plans in all companies, at a world and regional level. Added to this, the mining industry is not separate from other local economic issues such as the foreign exchange leag, rising costs, the restictions on remitting profits abroad, social conflicts; all these make Argentina an unattractive country for mining investment.”
IKN would like to add that the Pope is Catholic and orsine fecal matter is often found in rural areas with high tree density. However, it is good to see at least one mining functionary in Argentine admit to the obvious and show that they too understand the real reality.

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