Holders of Argentina’s $15bn in provincial debt are growing nervous that pressure from the national government is behind “arbitrary” demands for debt restructurings, threatening investors with big losses.
Day: December 9, 2020
Neo Lithium moving closer to production with an initial capital investment of $318.9mn
Neo Lithium is advancing towards being Argentina's next lithium carbonate producer with its high-grade Tres Quebradas project in Catamarca province, commonly referred to as the 3Q project. The company aims to initially produce 20,000 tonnes of battery grade lithium carbonate over a 35-year mine life following an initial capital investment of $318.9 million. Without significant amounts of impurities to remove and very high grade, 3Q has the lowest operational cost and the lowest development cost of any lithium project in the industry at just US$16,000 per tonne of installed capacity and an operational cost below US$ 3,000 per tonn of lithium carbonate.
Covid-19: Individuals with fortunes over $2.5mn will have to pay wealth tax
Argentina passed last week a new tax on its wealthiest people to pay for medical supplies and relief measures amid the ongoing coronavirus pandemic. Those with assets worth more than 200 million pesos ($2.5m; £1.8m) - some 12,000 people - will have to pay.
Income of families in the city of Buenos Aires fell by 14% in real terms due to Coronavirus
Because of the pandemic and quarantine, many families had little or no income or achieved increases well below inflation. For this reason, the total family income of households in the City of Buenos Aires in the third quarter of this year fell 14% in real terms, according to data from the Buenos Aires Statistics and Census Bureau.
Mexican agency BESO sets foot in Argentina
In the atypical year of the pandemic and the paralysis of the economy, the Mexican agency BESO landed in Argentina as a first step in its regional expansion. With a strong commitment to "data driven", which allows you to move around the world of advertising and marketing by taking the game out of the overdose of information circulating on the web, the agency has about 200 employees.
