Lithium Power International Ltd | Argentina’s new government scraps mining taxes
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Argentina’s new government scraps mining taxes

Argentina’s new government scraps mining taxes

Miners struggling to cut costs amid plunging metal prices just got some help from Argentine President Mauricio Macri, as he announced the government has revoked a 5% tax imposed by the previous administration on mining and energy companies.

Macri, who took office in December on a platform of repealing government intervention that scared investors away, unveiled the measure during a visit to the mining province of San Juan, state news agency Telam reported (in Spanish).