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NEWMONT CELEBRA SUS PRIMEROS 100 AÑOS
Al celebrar nuestro centenario, nos gustaría agradecer a todos nuestros empleados, las comunidades y los accionistas por su apoyo a lo largo de los años. Después de un siglo haciendo minería, somos la compañía de oro líder en el mundo impulsada por grandes colaboradores.
Gracias por la confianza y el apoyo mientras entramos en los próximos 100 años, comprometidos en continuar con nuestro propósito: crear valor a través de una minería sostenible y responsable.
Newmont opera el yacimiento Cerro Negro desde 2019 y estamos orgullosos del aporte realizado estos años a la Provincia de Santa Cruz, al país y a la industria.
8 projects under construction (Includes several on going capacity expansions)
5 projects at feasibility (Includes LamaPascua, Potasio Río Colorado and Pachón with feasibility re-engineering)
6 projects at pre-feasibility
11 projects with preliminary economic assessment
58 projects at advanced exploration
> 250 projects at initial exploration
Key topics of the mining industry in Argentina include:
1st Lithium Exploration Budget Worldwide
Largest undeveloped copper world-class portfolio
2 of the world Top 30 Gold mines: Veladero and Cerro Negro
Mineral Exports (2021): US$3.2 billion
Exploration Budget (2021): US$226.8 million
CAPEX Portfolio Advanced Projects (2021): > US$30 billion
EXPLORATION BUDGET 2007-2021
As can be seen in Chart 1, exploration activities in Argentina have evolved in consonance with the price of commodities: the industry's growth experienced strong deceleration since 2012, on account of a metal crisis, and started to regain momentum from 2015 on. reactivation of activities is shown in 2021, with values similar to 2018 and 2019.
GREEN ENERGIES: COPPER AND LITHIUM
Technology advance has allowed mankind obtaining benefits in different key areas, including infrastructure, health and education. It is in this field where various metals, like copper and lithium, play a key role in the present and near future of world population, given that we have already entered a new era of renewable, clean, green energies. Copper and lithium, are among the metals bound to play decisive roles.
Copper
The red metal, known to humans since many thousands of years ago, is used for countless applications and devices, including wind energy, tidal power, and electric vehicles; and, together with lithium, in solar panels, while at the same time they are strategic allies in assisting every resource for energy storage.
At May 2022, the National Mining Secretary has underscored the following distribution of advanced copper projects:
Identified Resources: 65M tons
Over the past six years, the exploration budget in Argentina has grown 52%, and the most attractive commodities have been copper, lithium, gold and silver. The COVID19 pandemic was the only reason to alter exploration budgets since 2015. The
19 projects: The 10 larger scale add up to 99% of the identified resources
Top 10 copper projects in Argentina:
Josemaría
Pachón
MARA (Agua Rica deposit + Alumbrera facilities)
Filo del Sol
San Jorge
Los Azules
Taca Taca
Altar
Chita Valley
La Coipita
Productive Potential:
Copper: 1,219 kt/a
Gold: 702 koz/a
Silver: 15 Moz/a
Molybdenum: 18 kt/a
LITHIUM
Argentina has been quite adept at leveraging the momentum of lithium demand which is growing at a stunningly frenetic pace. Found in few countries, lithium abounds in Argentina –through its provinces Catamarca, Jujuy and Saltawhich, together with Bolivia and Chile make up the so called "Lithium golden triangle," one of the richest areas for lithium resource identification. For this reason, the Puna's salt flats exhibit competitive advantages for speedy development and entry into production of operating centers associated with this metal.
Identified Resources: 100M tons
27 projects: The 14 larger scale add up to almost 90% of the identified resources
Top 14 lithium projects in Argentina
Salar de Olaroz
Fénix
Cauchari-Olaroz
Centenario – Ratones
Mariana
Sal de Oro
Sal de Vida
Tres Quebradas (3Q)
Pastos Grandes
Salar del Rincón
Cauchari
Kachi
Candelas
Hombre Muerto Norte
Productive Potential (14 projects): 328,5000 t/a
PRECIOUS METALS IN ARGENTINA: GOLD & SILVER
Eight projects have been launched over the past decades, a fact that is testament to our country's potential regarding gold.
In most of these operating centers, silver appears as a highly coveted by-product significantly helping reduce production costs.
A number of undertakings are placing their focus on the noticeable precious metals geological potential of El Deseado Massif (Santa Cruz) and Valle del Cura (San Juan).
The National Mining Secretary offered the following details regarding gold mining undertakings:
Identified Resources: 95 Moz
43 projects: The 14 larger scale add up to 86% of the identified resources (There are several copper poprhyry deposits with gold as by-product)
Top 14 gold projects in Argentina
Veladero
Cerro Negro
Lindero
Gualcamayo
Cerro Vanguardia
Cerro Moro
Don Nicolás
Ajedrez
Lama
Suyai
MARA (gold as by product)
Josemaría (gold as by product) in state policies is needed for the Navidad project; only thus will the operation of one of the most attractive untapped silver projects in the world will be made possible.
Identified Resources: 2,922 Moz
40 projects: The 16 larger scale add up to 89% of the identified resources (There are several gold deposits with silver as by-product)
Top 16 silver projects in Argentina
Manantial Espejo - Joaquín - COSE
San José
Chinchillas
Providencia
Diablillos
El Quevar
Navidad
Pingüino
El Fierro
Veladero (silver as by product)
Cerro Moro (silver as by product)
Los Azules (silver as by product)
Productive Potential (3 projects):
Silver: 34.4 Moz/a
Gold: 40 koz/a
Conclusions
Taca Taca (gold as by product)
Altar (gold as by product)
San Jorge (gold as by product)
Filo del Sol (gold as by product)
Los Azules (gold as by product)
Productive Potential :
Gold: 437 koz/a
Silver: 14.6 Moz/a
In relation to silver, fewer than half a dozen projects pivot around this metal as primary resource, and they lie at quite far apart areas. On the one hand, the Navidad project (Pan American Silver), located in Chubut province, and on the other, Diablillos (AbraSilver Resource) and El Quevar, located in Salta, emerge as the big promises regarding silver metal. A change
Cerro Vanguardia (silver as by product)
Lama (silver as by product)
MARA (silver as by product)
Filo del Sol (silver as by product)
The mining industry was the 6th export cluster in 2021 accounting for 5% of total exports. The commissioning of new projects –particularly for copper mining—can not only sustain these values but has potential to more than triple current exports: 2/3 of those additional exports would originate from just 3 copper projects. Argentina still holds great potential for new deposit discoveries that may allow continuing its high mineral production. Over 70% of the national territory remains insufficiently explored, especially if new deposit models are considered. These natural endowments, together with public policies aimed at fostering mining development, continue to make Argentina one of the most attractive mining investment areas in the world.