A few days ago I referred to an article by KPMG:Régimen de...

A few days ago I referred to an article by KPMG:
Régimen de Incentivo para Grandes Inversiones(Large Investment Incentive Regime) or RIGI
President Javier Milei sent to the Argentine Congress a bill entitled "Law of Grounds and Starting Points for the Freedom of Argentines," which includes a new incentive regime for large investments (Régimen de Incentivo para Grandes Inversiones or RIGI) aimed at:

• Encouraging large national and foreign investments in certain sectors
• Generating conditions of predictability, stability, and legal certainty for those investments
• Providing special protection in the event of deviations and/or non-compliance by the governmen

The incentives of the RIGI include direct and indirect tax and customs benefits, as well as a special foreign exchange regime.

I would also like to mention the recent conference Pensar la mineria en grande
Things are progressing very well for Galan.The full-length article is very informative and worth reading.



.
https://www.infobae.com/economia/2024/04/25/mineria-las-provincias-del-litio-a-favor-del-regimen-de-incentivo-a-las-grandes-inversiones

Just a few extracts:
Mining: the lithium provinces, in favor of the incentive regime for large investments In an event organized by Banco Macro, the governors of Catamarca, Salta and Jujuy spoke out in favor of a chapter of the Bases law, key to the completion of large-scale mining projects.

• Governor Raúl Jalil (Catamarca): Make it quick an aside with Infobae and other media, Jalil emphasized the need for consensus and agreements to overcome the country's "delicate" situation and asked that the RIGI "be approved quickly" or, in any case, be discarded quickly. It happens, he explained, that as the project provides better conditions than the current ones, investors postpone decisions while waiting for a definition.

• lack of infrastructure...which for USD 33 million will cover the province on the one hand and four companies with operations in the area on the other: Pan American Energy ( PAE), Posco, Galan Lithium and Arcadium Lithium...
• Flavia Royón also highlighted that the eventual benefits of the RIGI would be valid for only two years, so companies should rush to celebrate as an investment happy hour and complete long-standing projects
• Mining focus of Banco Macro (Mining Manager): The bank offers them, he explained, cash management services, foreign trade, salary payment, operational credit and income from external financing, among other services.
• Mining focus of Banco Macro (CEO): ...about “accompanying” the development of the sector and the provinces. “They are very relevant projects for the future Argentina,”...
• The event was attended by heavyweights from the lithium sector, such as Jason Luo , chief executive for Argentina of the Chinese company Ganfeng
• Roberto Cacciola , president of the Argentine Chamber of Mining Companies (CAEM), said that the sector is experiencing a moment of great expectation. “There is coming a stage of need for financing and for mining to consolidate. The RIGI can help related activities also be strengthened,” he predicted.

Have a nice day
Smith71