The authorities of Mendoza province have approved a new package of laws aimed at reviving the mining sector. Experts and economists believe that mining has immense growth potential. Gustavo Rivarola, manager of the Pilar Plan, highlighted that mining has the capacity to quadruple Mendoza's exports. He estimated that the operational costs of the main projects could reach $2 billion annually. The goal is to make Mendoza the preferred destination for investors. Minister of Energy and Environment, Jimena Latorre, valued the broad political support. Her objective is to position the province as a key financial hub for critical minerals like copper and lithium.
"This generates confidence in the sector," officials stated. Institutional support was not limited to mining chambers. "This is a great endorsement for the mining policy that Mendoza is developing," declared Latorre. This initiative lays the groundwork for exploring and organizing the vast mineral wealth of southern Mendoza.
The business sector's support for the provincial mining agenda was resolute from chambers representing production and investment. In a crucial legislative session, the Provincial Chamber of Deputies approved a set of key projects to reactivate mining in Mendoza. The entity emphasizes that developing sustainable mining is compatible with Mendoza's productive matrix. The Chamber of Argentine Mining Companies (CAEM) also spoke favorably at a national level. This money would be spent on wages and hiring local services.
Experts also highlight Mendoza's advantage of institutional stability. The messages focused on hope for revival and the creation of new jobs. "The silent majority," to which officials refer, celebrated the advance as the "fulfillment of the promise to diversify the economy." Although the debate is always polarized, official accounts and business leaders shared investment data. This law establishes a more transparent and equitable framework for the distribution of mining rent.
Lawmakers in favor called for investment. Its approval unblocked the potential for copper and gold production in Uspallata. Among them is the new Mining Royalties Law. The goal is to become the financial and strategic center for copper and lithium in the Andean Southern Cone.
The news of the approval immediately became a trend on Mendoza's social networks. Under hashtags like #MendozaDespega and #InversiónMinera, thousands of users expressed optimism. The business sector, in particular, celebrated the progress, interpreting it as "a fundamental step to provide legal certainty to large investments."
Governor Alfredo Cornejo defended the approval, stating that the government had the responsibility to generate a "favorable business climate." Cornejo affirmed that this decision provides the "certainty" that private capital needs. This stability, along with a qualified human capital, has attracted the attention of large international companies like Rio Tinto, which have shown interest in the province.
The province seeks to become not only a producer. Its goal is to ensure that "the benefits will spill over throughout the province." The approval for the creation of the Environmental Compensation Fund was also secured. This fund aims to guarantee specific resources for the mitigation and restoration of possible future environmental damage. Finally, regulations for the second stage of the Malargüe District were advanced.
