d e c e m b e r / j a n u a r y 2 0 1 6
www.resourceworld.com
27
arrow resources Corp. [GRG-TSXV; GAC-FSE], who has been
active in Argentina for 23 years and participated in three signifi-
cant mineral discoveries, spoke to Resource World.
"What attracted me to Argentina was its location just east of
Chile which has been developing an incredible mining economy
for the last hundred years with major companies, major mines,
and major production that help fuel other industries," said Grosso.
"Other foreign mining investors also saw Argentina's potential and
over 270 companies flocked to Argentina."
"Unfortunately, there were political problems such as a border
dispute that resulted in a 100-km no-man's buffer zone that has
eventually opened up," explained Grosso. This was critical as there
is, like Chile, a favourable geological environment in Argentina for
hosting economic mineral deposits along much of the 4,500-km
long shared border.
The Kirchner government has been favouring the development
of its wine, agriculture and beef industries but could have done
more for the natural resources sector. Grosso is of the view that a
new administration would play "catch up" and strive to support
resource development. He said that foreign mining investors would
like to work with the government to help achieve this objective.
Commenting on the new president-elect, Grosso said, "I view
the election of Mauricio Macri as a positive development. He is an
engineer who has said that he has a long list of issues he wishes to
resolve".
President Mauricio Macri named his cabinet and created the
Ministerio de Energía y Minería (the Ministry of Energy and Mines)
which will be headed by Juan José Aranguren who has worked for
Shell for 34 years and has been the CEO of Shell Argentina since
2003.
FAR LEFT: The San
Miguel open pit at Silver
Standard's Pirquitas silver-
zinc mine. Source: Silver
Standard Resources Inc.
LEFT: Hugo Caranza, Chief
Geologist, Golden Arrow
Resources, checks the
grade of diamond drill core
at the Chinchillas Project
with an X-ray diffraction
gun. Photo courtesy
Golden Arrow Resources.
Resource World magazine 1/4 page 3.6 x 4.7''
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