The world's largest lithium company will invest more than $580 million in an extraction project in the province of Salta. The project will be powered by solar energy. The company Litio Minera Argentina SA, a subsidiary of Ganfeng Lithium, will generate more than four thousand jobs with the plan, 1,300 direct jobs and three thousand indirect jobs.
Shell Argentina tripled its production capacity in Vaca Muerta to reach 42,000 barrels of oil per day. In addition, this week, a new oil and gas processing plant was put into operation in the Neuquén basin, adding 30,000 barrels of oil per day (BPD) to the current 12,000 BPD.
Globant and Mercado Libre, in partnership with Digital House, presented in December Certified Tech Developer a training scholarship program designed to achieve the rapid employment of thousands of young people in Latin America. Due to the great demand, they have advanced scholarships and plan to deliver 2,5000 in 2021. To apply, please contact: https://www.digitalhouse.com/ar/acciones/certified-tech-developer
The June report of the Fundación Agropecuaria para el Desarrollo de Argentina (FADA) showed that in the last quarter, 61.8% of the income produced by the farm retained by the State through the collection of taxes. The main component of these taxes is export duties, which added the tax on bank credits and debits.
Preliminary statistics on Central Government debt showed a new increase in financial commitments, to $341.17 billion. In addition, $338.56 billion are regular payment, $106 million are deferred payment, and $2.5 billion are eligible for restructuring. The debt increased in May by $1.23 billion due to the growth of net credit taken to finance the public finance deficit; and $1.42 billion due to adjustments and exchange differences.