Argentina’s mining sector generates $1, 321m in 2016

Argentina’s mining sector generates $1, 321m in 2016

Not less than 40, 000 jobs have been created in the Argentina mining sector.
According to a document released by the National Institute of Statistics and Census made available online, over 1,500 mining companies were operating in the South American country in 2016.
Their extractive activities generated $1,329 million while their processing activities generated $2,386 million.
Ninety percent of the operations take place at open pit mines with metallic minerals making up 73.1 percent of the production.
Gold and silver take the lead in this segment, as they are responsible for 49.9 percent and 14 percent of the production, respectively.
Aggregates, on the other hand, contribute 23.2 percent to overall production and non-metallic minerals 3.7 percent.
Within the non-metallic minerals segment, most of the production is focused on pure sodium chloride and halite.
Although most companies’ headquarters are located in the Buenos Aires and Cordoba provinces, Santa Cruz, Catamarca y San Juan were, altogether, responsible for 70.5 percent of the production.
In terms of employment, the census revealed that the Argentinian mining sector provided jobs to 40,129 people.
According to Mining.com, It’s been a decade since the Argentinian government last polled its mining sector but this week some results from a census carried out in 2016 were made public.

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