natural resources?
"A century ago, Argentina was one of the richest countries in the world, thanks largely to its natural resources. However, political and economic turmoil have dogged the nation over the last 100 years, making it difficult for the country to retain its place as an economic super power.
Among the mineral resources present in the country, the most important include lead, zinc, tin, copper, iron ore, manganese, petroleum, uranium and lithium.
As a recognised ‘middle power’ with a ‘very high’ human development index rating, Argentina has a stable government and has secure mining policies and legislation in place. A recent development is the law passed in 2010, which forbids mining in and around the large glaciers in the south of the country, which is a forward-thinking move towards sustainability. A tax on the export of copper, gold and silver is also in place.
The majority of mining in Argentina is open pit mining, with only two underground mines currently open. This is partly due to the lack of contractible drilling companies in Argentina.
In addition to traditional mining products, Argentina produces more biofuel than any other country and is ranked 3rd in the world as an exporter of biofuel.
In 2010, according to the USGS, 16% of the country’s economy was accounted for by the mining sector."
Among the mineral resources present in the country, the most important include lead, zinc, tin, copper, iron ore, manganese, petroleum, uranium and lithium.
As a recognised ‘middle power’ with a ‘very high’ human development index rating, Argentina has a stable government and has secure mining policies and legislation in place. A recent development is the law passed in 2010, which forbids mining in and around the large glaciers in the south of the country, which is a forward-thinking move towards sustainability. A tax on the export of copper, gold and silver is also in place.
The majority of mining in Argentina is open pit mining, with only two underground mines currently open. This is partly due to the lack of contractible drilling companies in Argentina.
In addition to traditional mining products, Argentina produces more biofuel than any other country and is ranked 3rd in the world as an exporter of biofuel.
In 2010, according to the USGS, 16% of the country’s economy was accounted for by the mining sector."