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:investments.
- Generate conditions of predictability, stability and legal certainty for those
in the event of deviations and/or non-compliance by the public administration and the State.
- Guarantee compliance with the rule of law by providing special protection
- 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
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