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..ARMINERA
‘99 - II INTERNATIONAL MINING EXHIBITION |
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The
II International Mining Exhibition in Argentina -ARMINERA ‘99-
will find more state -of-the-art mining activities and the need
to rely on a very important infrastructure of suppliers and
services to be able to satisfy the every day growing demands.
Our attempt to insert ARMINERA ‘99 in the world exhibition
calendar becomes a reality with ARMINERA ‘99 , which is
a must for those involved in world mining, suppliers, institutions
and such related sectors in Argentina, in May, every odd year.
The leading world mining enterprises and institutions find in
ARMINERA a matchless opportunity to increase their sales and
promote their products; to expand their position in the market
or to make their activities known in the country and abroad;
to find representatives and contact entrepreneurs and technicians
from all over Latin America and the rest of the world.
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..ARMINERA
‘99 -MINING IN ARGENTINA |
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Argentina,
together with Brazil, Uruguay, Paraguay and Chile, is a member
of MERCOSUR, an economic bloc with a population of over 200
million people.
It is a powerful union where Argentina plays an essential role.
This economic bloc develops a vast ongoing exchange of products
where mining offers concrete possibilities. |
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..MINING
INVESTMENTS |
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Argentine
mining has a truly promising situation. Such a reality is
based on expected future investments: U$S 3.400 million, from
today to the year 2000. These take into account the continuos
prospective activities and the start-off of new venues with
copper, gold, polymetallic products and various others in
the non metalliferous field. Such founds are totally provided
by private enterprises, a permanent growing sector in later
years.
The legal frame of the mining Code, updated with de approval
of several laws since 1993, provides most favourable conditions
for private investments.
Among the new advantages, some tax incentives have been applied:
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·
Tax stability
· Targeted tax rates
· Assets tax-exemption
· Import duties eliminated
· Maximum 3% royalties
· Reserves capitalization
· VAT financing and anticipated refunds
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..MINING
PRODUCTION |
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The
survey on production is frankly satisfactory. The success
of the present policy mainly attempts to encourage strategic
activities which, after a certain period, will be capable
of developing a self-sustained growth. Such growth is being
widely spread due to the estimated future production costs
in the sector. |
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..MINING
EXPORTS |
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Just
like investments and production, mining exports are fostered
as a result of important changes in their structure |
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..MINING
& EMPLOY |
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In
the year 2000, the mining sector will have employed over 22.000
people, creating about 7.500 new jobs. If we are to measure
the indirect impact of the new mining projects on employment,
only due to the growth of the demand so produced on their
raw materials suppliers, the indirect employment rate will
add up to 100.000 jobs for that year |
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