Marcelo Orrego, Governor of San Juan, is promoting investment in metal mining at PDAC 2025, highlighting the province’s strengths and addressing challenges. He emphasizes the need for clearer investment conditions, particularly regarding foreign exchange restrictions. Through collaboration with other provinces, he aims to enhance mining’s role in economic growth and attract international investors, while discussing the current economic situation in Argentina.
Marcelo Orrego, the Governor of San Juan, is actively pursuing investment opportunities in Canada, particularly in the metal mining sector. His participation in this year’s PDAC convention marks his second appearance as governor, following a successful engagement in March 2024. During that visit, he shared investment prospects, highlighting San Juan’s potential to supply strategic minerals crucial to the global energy transition.
In his address, Orrego emphasized the features that make San Juan appealing to investors, including legal security, fiscal stability, and a solid social license for mining projects. However, he acknowledged that one significant barrier continues to hinder progress: the foreign exchange restrictions that need to be gradually lifted to facilitate investment.
Orrego underscored the collaborative effort of all mining province governors, especially his role as President of the Copper Roundtable, in enhancing the mining sector’s value. He noted the importance of attracting investment and addressing issues related to prospecting and exploration, as 57% of Argentina’s mining complexes currently require exploration, predominantly located in San Juan.
He conveyed an essential message regarding Argentina’s current economic climate, asserting, “Argentina has absolutely everything to attract investment.” He highlighted the improvements engendered by the country’s reforms, particularly the Mining Investment Law through RIGI, thereby establishing favorable investment conditions for both San Juan and the nation.
Orrego detailed the three critical economic drivers for Argentina: Vaca Muerta, agriculture, and mining, with particular emphasis on mining’s role as the economic locomotive. He expressed optimism about Mendoza’s reintegration into the mining sector, noting the opportunity to forge strong relationships between society and mining enterprises that adhere to high-quality standards.
In conclusion, Governor Marcelo Orrego’s initiatives at PDAC demonstrate a proactive approach to attracting investment in San Juan’s mining sector. He emphasizes the need for legal and fiscal stability while acknowledging the challenges posed by foreign exchange limitations. With an optimistic outlook on mining and its significant role in regional economic growth, Orrego aims to present Argentina as a prime destination for investment, capitalizing on its rich mineral resources.
Original Source: www.panorama-minero.com
