News of production

Rio Tinto to invest US$2.5 billion in lithium production

13-12-2024 13:24 Anglo-Australian mining giant announces US$2.5-billion investment in Rincón project in Salta Province, with chief executive praising Milei’s reforms and RIGI scheme.

ENERGY & GAS

Pampa Energía sizes up LNG projects as Milei aids shale growth

18-10-2024 17:37 Energy producer Pampa Energía SA will decide in the next three months whether to partner on a multibillion-dollar LNG plant, says Marcelo Mindlin.

OIL & GAS

Oil driller Aconcagua eyes Argentina IPO as Milei lures capital

04-06-2024 15:07 President’s move to open up economy creates market opportunity; Gas company did first local listing since 2017 earlier in year.

PRODUCTION & INDUSTRY

Industry on the ropes: Tough times for factories as consumers cut back

24-04-2024 17:24 Factories are on the ropes between adjustment and recession in Argentina. Representatives of small- and medium-sized enterprises (SMEs, or PyMES) warn drop in consumption is threatening the future of industry.

Bloomberg

US Treasury Secretary Yellen praises Chile’s policies in visit to lithium-rich ally

01-03-2024 16:42 US Treasury Secretary Janet Yellen on Friday lavished praise on Chile during a visit focused on critical minerals.

STEEL INDUSTRY

Steel producer Acindar halts production amid sharp drop in sales

28-02-2024 18:59 Leading steel producer Acindar, from the ArcelorMittal group, will stop production for a month at its five plants in order to compensate for a heavy fall in demand.

FOCUS ON VENEZUELA

Venezuela calls in oil debt it once traded away for literal beans

26-02-2024 10:56 Impoverished and desperate for cash, Venezuela is trying to collect old debts from the Petrocaribe oil exchange programme.

BOOKS & LITERATURE

Is Argentina’s publishing industry at risk of extinction?

22-01-2024 08:05 The abrupt fall of demand from the domestic market, disproportionate increases of the price of paper and fuel, deferred payments in a context that is virtually hyperinflationary, the opening of imports and books on sale, the possible repeal of the Law for the Defence of the Book Industry, a lack of state purchases… a potent cocktail is attacking the entire ecosystem of Argentine books.

by Gonzalo Santos

WINE PRODUCTION

Global wine production hits lowest level since 1961

07-11-2023 12:41 Global wine production falls to its lowest level in six decades due to frost and droughts; Argentine wine production reached only 8.8 million hectolitres – a slump of 23 percent and one of the lowest volumes ever recorded in recent history.