Polemical decision to have far-reaching impact

By Paul Harris / May 28, 2019 / www.mining-journal.com / Article Link

Lithium's next generation

SPONSORED

neo lithium

Lithium's next generationsponsored-logo

Hot Chili secures copper 'super hub'

SPONSORED

hot chili limited

Hot Chili secures copper 'super hub' sponsored-logo

Vimy ready for move to higher uranium ground

SPONSORED

vimy resources

Vimy ready for move to higher uranium groundsponsored-logo

"It's not regulation that fails, it's [the industry] as engineers and operators"

SPONSORED

srk consulting

"It's not regulation that fails, it's [the industry] as engineers and operators"partner-logo

The newspaper reported that sources close to the court stated a draft decision is circulating among the judges with at least three of the five looking to declare the law constitutional, and a final ruling possible prior to the July recess.

Whatever the outcome, the decision will be controversial. A ruling to uphold the law would be a blow to the mining sector and the administration of president Mauricio Macri who sees it as a means to help the country overcome its economic woes. Ruling the law unconstitutional would alarm the environmental lobby.

Lithium's next generation

SPONSORED

neo lithium

Lithium's next generationsponsored-logo

Hot Chili secures copper 'super hub'

SPONSORED

hot chili limited

Hot Chili secures copper 'super hub' sponsored-logo

Vimy ready for move to higher uranium ground

SPONSORED

vimy resources

Vimy ready for move to higher uranium groundsponsored-logo

"It's not regulation that fails, it's [the industry] as engineers and operators"

SPONSORED

srk consulting

"It's not regulation that fails, it's [the industry] as engineers and operators"partner-logo

"If they declare the glacier law unconstitutional, it would be denying parliament the possibility to legislate about natural resources in all Argentina. All the laws would fall, the Forrest forest law, all the legal system," environmental lawyer Enrique Viale told Clarin.

Argentina is a federal republic and under its constitution natural resources are owned by the provinces, not the nation. This fact has hampered efforts by the Macri administration to advance a common mining policy and regulation to attract greater foreign investment.

The 2008 law aims to protect water resources. Former president Cristina Kirchner vetoed the law under article 41 of the constitution on the grounds that it exceeded the faculties of the nation, in what become known as the "Barrick veto" coming as Barrick Gold sought approval to begin building out its transnational Pascua-Lama project, with the Lama part being in San Juan.

Barrick Gold, which led the challenge against the glacier law through an action in 2011, was on the grounds that it is for each province to determine the use of or protection of natural resources in their territories, not the national Congress.

Resistance to Pascua Lama on both sides of the frontier focused on possible harm a mine would do to the icefields and glaciers located nearby.

Regulations to apply the law were promulgated in 2011 despite industry resistance, but legal challenges saw their implementation suspended.

Since then, Argentina's Glaciology Institute (IANIGLA) has compiled an inventory of ice fields and glaciers in the country detailing 16,968 ice bodies which occupy 8,484sq.km. This work, and reports by the Environment Secretariat, state there are 40 mining projects in the Andes in violation of the glacier law and whose advancement will imply deterioration of the ice bodies.

These are in San Juan, La Rioja and Catamarca provinces.

 

Recent News

Gold stocks down as metal and equities momentum fades

September 02, 2024 / www.canadianminingreport.com

Another Kazatomprom guidance announcement shakes uranium price

September 02, 2024 / www.canadianminingreport.com

Major monetary drivers still supporting gold

August 26, 2024 / www.canadianminingreport.com

Gold stocks gain on metal rise and continued equities rebound

August 26, 2024 / www.canadianminingreport.com

Big Gold stocks outperform Big Base Metals

August 19, 2024 / www.canadianminingreport.com
See all >
Share to Youtube Share to Facebook Facebook Share to Linkedin Share to Twitter Twitter Share to Tiktok