Latin America’s mining sector has enjoyed significant expansion in recent years. Two countries that exemplify mining sector growth are Argentina and Peru. However, the countries are different in how the mining sector has expanded and what challenges and opportunities lay ahead.
Argentina is a “non-traditional mining” country in that the sector is beginning from a lower level of output than Peru. However, Argentina has huge tracts of land in the western part of the country at the base of and in the Andes that represent major areas of exploration and development.
On the other hand, Peru is a mining leader – it produces more silver than any country in the world and is second in copper. Nearly two-thirds of Peru’s exports in 2007 came from the mining industry.
Underscoring the region’s growing importance as an exporter of minerals is the fact that Chinese and Indian companies have joined Australian, European, and North American firms in searching for investment opportunities in Latin America.
Among other topics, the course will consider constitutional treatment of natural resources, how mining rights are obtained, administrative procedures, general contractual structures used in mining, environmental issues, promotional regimes, and project financing and other financing sources (such as IPO’s, bond issuances and syndicated loans, etc.).