The mining industry in Argentina continues to expand following a sustained upward trend.
Nevertheless, there are a significant number of mining projects throughout Argentina that
have not reached their full stage of development. While we still experience the effects of the
regulatory changes in general investment legislation and in specific mining-sector legislation
in the early nineties that favored a significant increase in foreign investment in the industry,
the sector’s growth is propelled by local demand for mining machinery and equipment. Most
of the 130+ companies with operations in Argentina reduced their activity level significantly
during the recent world crisis in order to preserve their assets. Most of the market players are
junior companies; however, sector dynamics and industry experts argue that investments will
continue to evolve in favor of foreign suppliers in the marketplace.
The mining landscape in Argentina encompasses major players such as Rio Tinto, Barrick, BHP
Billiton, Xstrata, Anglogold and Teck; intermediate companies like Silver Standard, Pan
American Silver, Coeur D’Alene, and junior companies like Minera Andes, Exeter, TNR
Solitario, Mansfield and Minera Hochschild, among others. Canadian companies hold the
largest share of current investment at approximately 40 percent of the total market.
Argentine state owned companies account for approximately 20 percent, followed by the
United States and Australia. Countries such as Switzerland and South Africa also have a
growing presence, and China, Brazil, Peru and Japan have begun to increase their
participation, as well.
Several new mines are expected to begin construction in the next five to ten years, which
presents future business opportunities for U.S. suppliers of mining equipment and machinery,
and existing mines currently in operation also represent significant potential for the provision
of machinery, equipment and parts.
2011 import market share: United States: 30%; Brazil: 25%; Japan: 17%; China: 14%; Korea
(South): 8%; Canada: 6%
Sub- Sector Best Prospects
• Mining Industry Equipment
• Mine Safety Equipment
• Minerals Handling Equipment
• Mining Equipment: Open Pit
• Mining Equipment: Underground
• Mining Technologies
Demand for imported goods is 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). This includes healthy
volumes of parts and tools (HS 8431 and 8207). Furthermore, high tech equipment, such as
GPS, radars, and wi-fi data transmission systems are also in demand. U.S. suppliers continue
to dominate the market; however, Brazilian, Asian, and Canadian competitors are expanding