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Argentina mining exports to drop by 25% in 2020

Nov 6, 2020

Source: https://www.mining.com/web/argentina-mining-exports-to-drop-by-25-in-2020/

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Veladero, one of the largest gold mines in Argentina. (Image courtesy of Barrick Latin America)

Argentina mining exports are expected to dip by 25% this year after activity ground to a halt under one of the strictest coronavirus lockdowns in the world, officials said on Thursday.

Exports from the mining sector, made up of mostly lithium, gold and silver, will total about $2.4 billion in 2020, Mining Secretary Alberto Hensel said. Private sector investment in mineral exploration dwindled to $160 million in 2020, down from $241 million the previous year.

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Veladero, one of the largest gold mines in Argentina. (Image courtesy of Barrick Latin America)

Argentina mining exports are expected to dip by 25% this year after activity ground to a halt under one of the strictest coronavirus lockdowns in the world, officials said on Thursday.

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