Why Argentina?
Argentina is rapidly emerging as one of the most attractive mining jurisdictions in the Americas. The country has long been recognised for its exceptional geological potential, although historically this potential has been discounted due to macroeconomic volatility.
Under President Milei, who strengthened his political mandate following a decisive victory in the 2025 legislative elections, Argentina is undergoing a major shift toward market-driven economic management, regulatory modernisation and pro-investment governance. These changes are significantly improving the long-term appeal of the country for mining investment.
Economic Reform and Growing Market Confidence
Liberal Economic Agenda
President Milei is implementing sweeping free-market reforms designed to reduce regulation, scale back state intervention and restore confidence among international investors.
Privatisation Drive
A broad programme to privatise state-owned entities signals a strong commitment to private-sector participation and foreign capital.
Inflation Reduction
Inflation — previously one of the country’s greatest economic challenges — has declined materially under President Milei’s fiscal tightening and monetary reforms, providing greater predictability for investment planning.
Improved Fiscal Stability
The administration’s focus on fiscal discipline, rather than punitive tax increases, is helping restore macroeconomic stability and investor confidence.
Removal of Currency Controls
Long-standing foreign-exchange restrictions are being dismantled. Progress toward a unified currency regime improves capital mobility, simplifies financial planning and supports smoother repatriation of profits.
Mining-Friendly Regulatory Environment
Strong Government Support
The national government is actively promoting the development of lithium, copper, gold and other strategic minerals, recognising mining as a key driver of economic recovery and export expansion.
Streamlined Permitting
Efforts to simplify and accelerate the permitting process are reducing regulatory bottlenecks and improving project certainty.
Improved Federal–Provincial Coordination
Better alignment between national and provincial authorities is creating a more consistent, predictable operating environment for mining companies.
Exceptional Geological Potential
Argentina contains vast underexplored areas — particularly across the Andes and Puna plateau — with significant upside for large-scale copper, gold and battery-metal discoveries.
Geopolitical Stability and Global Connectivity
Democratic Resilience
Argentina benefits from strong institutions and a rules-based legal environment, supporting long-term investment stability.
Strategic Location
With access to major trade corridors, Argentina is increasingly integrated into global critical-mineral supply chains, especially in lithium and copper.
The Province of Jujuy – A Leading Mining Destination
In Argentina, provincial governments control natural resources, permitting, royalties and operational frameworks. As a result, investment conditions vary meaningfully from province to province.
The Province of Jujuy is widely regarded as one of the most stable, predictable and mining-friendly jurisdictions in Argentina.
Political and Administrative Stability
Jujuy has demonstrated consistent governance and a long-term commitment to responsible mineral development, attracting major investment in lithium, silver and base metals.
Established Mining Ecosystem
With experienced contractors, skilled labour and growing infrastructure, Jujuy is one of Argentina’s most active and capable mining regions.
Clear, Efficient Permitting
The Province maintains a transparent and efficient regulatory framework that supports reliable project timelines and reduces uncertainty for operators.
Direct Engagement with Authorities
Ajax management has met with Jujuy’s mining authorities, who expressed strong support for responsible exploration and development. These meetings confirm Jujuy as a province that actively welcomes and facilitates mining investment.