Doing Business In Argentina

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Mining Machinery and Equipment Overview Return to top 2005 2006 2007 (estimated) Total Market Size 517 666 918 Total Local Production 86 106 155 Total Exports 22 28 37 Total Imports 453 588 800 Imports from the U.S. 164 196 230 Millions of USD. Exchange Rate 1USD=3.10 Argentine Pesos. Sources: The above statistics are unofficial estimates, based on Argentine Customs data, NOSIS, and other sources. 2007 import Market Share: U.S.: 28.7%; Brazil: 19.4%; Japan 18%; China: 10%; S. Korea 8%; Canada: 4.1%, Finland 3%; others 8.8% The mining industry in Argentina has expanded exponentially in the last fifteen years, as several world-class mines were built in a country that had never paid much attention to its mining potential. Changes in general investment legislation, and in specific miningsector legislation in the early nineties led to a significant increase in foreign investment in mining activities. This growth has been accompanied by an increase in local demand for mining equipment. Recent changes in the tax burden on mineral exports will slow the rate of growth, but it is likely that several additional mines will be built in the next few years. The best opportunities for U.S. suppliers are to be found in heavy equipment, particularly earth-moving equipment. Major players in the exploration side of the business are principally Canadian “juniors”, while in the operation/production area the principal actors are Xstrata, Barrick, Rio Tinto, the Lundin Group, Silver Standard Resources, Anglo Gold Ashanti, FMC Lithium, Hochschild Mining, Coeur D’Alene, Pan American Silver, Yamana Gold, and Intrepid Mines. Best Products/Services Return to top Demand for imported goods is somewhat evenly distributed between large digging, leveling, scraping, excavating, quarrying and earth moving equipment (HS 8430), and equipment for sorting, screening, separating, washing, crushing, and grinding (HS 8474), including healthy volumes of parts and tools (HS 8431 and 8207). Opportunities Return to top U.S. suppliers continue to be the dominant force in this market, however Brazilian, Chinese, Korean, Japanese and Canadian companies are gaining steadily. Resources Return to top 3/4/2008
Mining Sector Specialist at the U.S. Embassy in Argentina: Alvaro.Mendez@mail.doc.gov For additional information on this industry such as trade events, useful links, and the products and services that the U.S. Commercial Service can provide to help you succeed in the Argentine market, visit www.comerciousa.org/argentina_editable/amendez/mining/mining_main.asp. 3/4/2008
Page 1 and 2: Doing Business in Argentina: 2008 C
Page 3 and 4: 3/4/2008 Argentina’s banking syst
Page 5 and 6: 3/4/2008 The zero percent import du
Page 7 and 8: Return to table of contents Chapter
Page 9 and 10: Policy Short-term Short/Medium Term
Page 11 and 12: meetings. The service includes at l
Page 13 and 14: approximately 87 percent of the tot
Page 15 and 16: more limited and delivery is a grow
Page 17 and 18: Goods: Preference will be given to
Page 19 and 20: material, input, or material needed
Page 21 and 22: terminals at international airports
Page 23 and 24: As in many countries, personal rela
Page 25 and 26: "Clarin", "La Nacion", and "Ambito
Page 27 and 28: Av. de Mayo 605, Piso 3 C1084AAB Bu
Page 29 and 30: Business Facilitation Service: CS A
Page 31 and 32: organizations, both Argentine or U.
Page 33 and 34: available in Chapter 9: Contacts, M
Page 35 and 36: Agricultural Machinery, Equipment a
Page 37 and 38: Electric Power Systems Overview Ret
Page 39 and 40: Food Processing and Packaging Equip
Page 41 and 42: Information Technology Overview Ret
Page 43 and 44: Other market conditions will foster
Page 45: market. The market has been growing
Page 49 and 50: significantly smaller than in the U
Page 51 and 52: A gradual recovery has taken place
Page 53 and 54: Best sales prospects for U.S. elect
Page 55 and 56: Travel and Tourism Services Overvie
Page 57 and 58: Telecommunications Equipment and Se
Page 59 and 60: Agricultural Sectors Return to top
Page 61 and 62: Food Ingredients Overview Return to
Page 63 and 64: Pioneer Argentina: www.pioneer.com/
Page 65 and 66: Average Tariff Rates by Type of Pro
Page 67 and 68: In 2006, there was a significant in
Page 69 and 70: 3/4/2008 Certain imported goods for
Page 71 and 72: Please note that VAT and Profits Ta
Page 73 and 74: 3/4/2008 Goods covered by Decree 73
Page 75 and 76: A fax of the commercial invoice may
Page 77 and 78: you through this process. You may a
Page 79 and 80: violate export control laws is foun
Page 81 and 82: Initial period: 1 year Extension: 1
Page 83 and 84: Article 6: - Importers, manufacture
Page 85 and 86: emanufactured) and certified by a "
Page 87 and 88: 3/4/2008 Normalizacion) --composed
Page 89 and 90: 3/4/2008 continuing shortage of ind
Page 91 and 92: 3/4/2008 Record No. S01:0116093/200
Page 93 and 94: 3/4/2008 Internet: www.anmat.gov.ar
Page 95 and 96: subject to the orders, guidelines o
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In January 2002, the government end
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The GOA has established a number of
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legality of this pesification decre
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deterrent penalties such as prison
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Law 17811 of 1968 regulates public
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A recent ACO investigation of GOA p
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Foreign-Trade Zones/Free Ports Retu
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Argentine Parliament (www.diputados
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Registry of Foreign Investments. Fo
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Local bankers report that the major
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The International Bank for Reconstr
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total project costs for new venture
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C1104AC) Buenos Aires, Argentina Ph
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Buenos Aires has a large number of
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Travelers should note that since Ar
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Internet: www.buyusa.gov/argentina/
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U.S. Department of Commerce Trade I
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(Argentine Chamber of Importers) Mr
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(Ministry of Federal Planning, Publ
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C1020AC Buenos Aires Switchboard: (
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25 de Mayo 487, primer piso C1002AB
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C1036AAJ Buenos Aires Phone: (54-11
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Fax: (54-11) 4312-7184 E-mail: mdem
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E-mail: fargosi@fibertel.com.ar BAS
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Bolivar 332, Piso 6 C1088AAH Buenos
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Mr. Klaus Bertram, President 25 de
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EXOLGAN TERMINAL PORTUARIA S.A. Mr.
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C1006ACI Buenos Aires Phone: (54-11
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Fax: (54-11) 4131-3900 E-mail: info
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www.starwoodhotels.com/sheraton/pro
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