GLN 18.2% 19.5¢ galan lithium limited

General Discussion Banter GLN, page-15415

  1. 300 Posts.
    lightbulb Created with Sketch. 386
    https://buenosairesherald.com/politics/senate-debate-of-mileis-flagship-ley-bases-is-now-underway

    Villarruel breaks tie in Argentina’s Senate to approve Milei’s flagship Ley Bases


    Moin Moin,

    This is very important and good news for the Argentinian mining sector and for international investors.
    Main objectives:
    • Generate conditions of predictability, stability and legal certainty for those
    investments.
    • Guarantee compliance with the rule of law by providing special protection
    in the event of deviations and/or non-compliance by the public administration and the State.
    • Encourage large national and foreign investments in certain sectors.

    However, the amended version also provides for an increase in mining fees from 3% to 5%.I am not sure whether this is mandatory or optional for the provincial governments. The governor of Catamarca is against this because he sees it as a canabalisation / dilution of the original financial benefits from the RIGI.
    Without knowing the final version of "Ley Bases" completely, I rate this as fundamentally positive.
    Have a nice evening

    smile.png
 
watchlist Created with Sketch. Add GLN (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.