Tag Archives: buenos aires

A renaissance in Argentina’s mining industry.

Argentina: an Overview

After centuries of inactivity, the last decade has seen a renaissance in Argentina’s mining industry. Argentina is a country for mining entrepreneurs with an appetite for risk and eager for incredible geology. Despite the very name of Argentina being a reference to its mineral resources (in Latin, Argentina is the feminine noun for silver), the second biggest South American country has yet to develop its mineral potential. After remarkable growth in the mining sector over the last 10 years, the nation should now see the beginning of a new era with very large projects coming into place for the first time. According to the Secretary of Mining, there are a total of 614 mining projects, including the large scale Barrick Gold’s Pascua Lama and Vale’s Rio Colorado. These projects range from exploration to production and from industrial minerals to precious metals and are changing the face of Argentina. According to Julio Ríos Gómez, the president of the association of exploration companies in Argentina, GEMERA: “In 2003, commodity prices started increasing again and mining companies realized that it was a good moment to invest in exploring new deposits. About 70% of the exploration activities involves small and medium companies, and subsequently the industry started developing at a very quick rate.” It is surprising that Argentina is so underexplored when compared to neighboring countries Chile and Brazil. Theories explaining this vary widely. One of the most accepted explanations is that, because Argentina has such fertile land, most investments have been focused on agriculture, generally considered to be less risky than mining. “So far, Argentina has been known for its agriculture, but if mining develops to its full potential, we should see incredible changes. We are seeing ever-larger projects such as Rio Colorado and Pascua Lama, but we expect to see much more. Projects mining for copper such as El Pachón and Agua Rica are both going to invest nearly $5 billion. These and other projects will help change the Argentinean business landscape dramatically by bringing not only investments but development to the regions where they are located,” said Leonardo Viglione, a partner at PWC Argentina. There are several provinces that do not have the potential for agriculture but have geological potential that many believe, if put together, could be the equivalent of the sum of Chile and Peru. María Inés Llorvandi, the general manager of the Argentinean subsidiary of the Chilean engineering firm JRI is optimistic when it comes to Argentina’s geology. “The mining industry in Chile is very well developed and looking at the broader size of Argentina and the geology here, it is logical to expect that in the near future the benefits could be significantly higher than the ones that Chile has received,” she said.With gold prices reaching more than $1,700/oz, a favorable context has been set for explorers and Argentina saw an increase of 664% in drilling activities for different minerals by exploration companies since 2002. Nevertheless, despite great expectations when it comes to the geology of the country, private companies look at Argentina’s political scenario with caution that leads to pragmatism. Walter Soechting, general manager of Gold Fields in Argentina said that his company drilled 8,000 meters in 2011 but only 5,000 meters in 2012, a strategy that seeks to balance the risks associated with investing in the country and its geological potential. However it should also be noted that their activities in Las Taguas, their flagship project in the country, is also close to its final stages of exploration and should enter the development stage soon where less drilling is required. The president of the Argentine Chamber of Uranium Companies (CADEU), reckons that current regulations may also continue to stifle investments. “Some provinces are trying to force mining companies to associate with provincially controlled companies. I don’t particularly consider this a negative thing in all situations, but impositions tend to be inconvenient as a general rule to most projects. It is not clear what impact these initiatives will have on the industry. Clearly it is not a specific Argentinean issue; many countries are reviewing their mineral policy with a more interventionist view,” he said. Damián Altgelt, general manager of the Argentine Chamber of Mining Companies (CAEM) is part of the front that is working to set a better context for mining companies and its investors. This has proved to be a constant effort to create a more stable and homogeneous business environment and awareness so that, if efficiently regulated, the mining sector can have even greater positive effects. “Our regulatory framework has not provided all communities with the sense of stability and security they expect. Currently, there are seven or eight provinces which have antimining legislations. Some of these include provinces which do not have a lot of mining opportunities but the rest have adopted such legislation due to political reasons because ultimately it won them votes” Altgelt said.

Conclusion

Argentina faces significant problems: rising inflation, currency exchange restrictions and national debts numbering among them. Yet a large well-educated population, sophisticated industries and geological potential also are very much in evidence.Hunt Mining’s Silva synthesized what is being observed in Argentina right now. “Because Argentina has a very special federal arrangement, mining can help the provinces develop themselves and better connect this country by diminishing the regional economic differences. When this generation of geologists was still at university, many of us did not consider Argentina as a mining country. This opinion was valid until a few years ago, but with our recent achievements we are glad to see that Argentina is now becoming a mining country again.”

Find a lawyer in the major mining provinces of Argentina: Catamarca, Chubut, Córdoba, Jujuy, La Pampa, La Rioja, Mendoza, Neuquén, Río Negro,Salta, San Juan, San Luis, Santa Cruz, Tierra del Fuego and Tucumán.

Kier Joffe – Attorney at Law – Buenos Aires – Argentina – Practice Areas: : Hydrocarbons, Energy and Natural Resources Law; Competition and Antitrust Law; Administrative and Environmental Law; Mining.

The proven Buenos Aires – Argentina lawyer professionals at the Kier Joffe law firm have experience working with foreign clients involved in all kind of cases in Argentina. Buenos Aires Argentina attorney professionals are knowledgeable in almost all the practice areas of law, to service its international cases in Buenos Aires Argentina. International clients will have the confidence of knowing that the case is being handled by an experienced and knowledgeable Buenos Aires  lawyer in Argentina.

www.kierjoffe.com

Title Insurance Company – Buenos Aires – Argentina – Real Estate

Kier Joffe Title Insurance Company is a full service state-of-the-art title insurance underwriter providing title insurance and title related services for all types of residential and commercial transactions.  Kier Joffe Title Insurance Company issues its title policies through over its Issuing Agents as well as Title, Escrow and Abstracting offices dedicated to serving individuals, businesses, attorneys, developers, lenders and Realtors in all the Argentinean provinces: Autonomous City of Buenos Aires, Buenos Aires Province, Catamarca, Chaco, Chubut, Córdoba, Corrientes, Entre Ríos, Formosa, Jujuy, La Pampa, La Rioja, Mendoza, Misiones, Neuquén, Río Negro, Salta, San Juan, San Luis, Santa Cruz, Santa Fe, Santiago del Estero, Tierra del Fuego, Antártida e Islas del Atlántico Sur y Tucumán.

The proven Buenos Aires – Argentina lawyer professionals at the Kier Joffe law firm have experience working with foreign clients involved in all kind of cases in Argentina. Buenos Aires Argentina attorney professionals are knowledgeable in almost all the practice areas of law, to service its international cases in Buenos Aires Argentina. International clients will have the confidence of knowing that the case is being handled by an experienced and knowledgeable Buenos Aires  lawyer in Argentina.

www.kierjoffe.com

Argentina – Buenos Aires: Notary Public (Escribano Publico) is a professional of law

Argentina – Buenos Aires: Notary Public (Escribano Publico) is a professional of law, endowed with public credence, to whom the Public Authority delegates the employment of the notarial activity.

The office of notary, of the Latin sort, different from the office of notary of the Anglo-Saxon sort, demands this professional to be a juristindependent and impartial counsellor, who receives delegation from the public authority to concede authenticity to the documents they redact, as instruments of guaranty of the juridical safety and of the contractual liberty.

Therefore, the notarial function is a public function that the notary carries out in a independent way, without being hierarchically included among the employees in the service of the state administration or of the other public organs.

The notary must carry out his function in an impartial way, counselling the parties about the effects the deed to be performed will have in the future. This counselling levels the contractors, independently of the preponderance of the economic power of one in relation to the other.

Integrate the notarial activity:
– to formalise juridically the parties’ will;
– to come between in the acts and juridical business that the parties must or want to give a legal form or authenticity, authorising the redaction or redacting the appropriated instruments, keeping the originals and sending out credible copies of its content;
– to countersign facts;

The notary is incumbent on:
– to draw up legal documents and public notarised power of attorney;
– to draw up public testaments and approve the ‘closed testaments’;
– to draw up notarials,
– to notarise signature;
– to authenticate photocopies;
– to carry out all the related acts with the exchange protest;

 The delegation for the employment of the notarys function is granted by the Public Authority, after the candidate to be graduated in an University of Law and to be submitted to a public contest of titles and tests.

The approved candidate in the first place in this public contest will get the delegation to work in an unique city, he can’t perform any kind of deed out of it. Thus, a public legal document drawn up by a notary out of his city is null and void.

Although the delegation is non-transferrable to third person, the notary is able to designate substitutes to answer for the functions during his absences and when the titled person is impeded. This substitute can practice simultaneously with the notary all the deeds of the respective notarial service, except to draw up testaments.

The notary is responsible for the damages that he and his employees cause to a third person, during his employment.

The notary is impeded of perform the advocacy, too intermediate his obligations or perform duty office, a job or public function.

His profession is remunerated by the person who utilizes him, paying himemoluments for the required deeds. The emoluments are set by the Legislative Assembly of each state.

The table of emoluments, has the fee used in each notarial deed and must be placed in a public place, for awareness of all the users.

The competence for the supervision of the notarial deed is given to the Judiciary Power.

The entity that congregates the notaries is called Notarial College, civil society of private law that co-operates with the Public Authority in the improvement of the notarial service. The Notarial College is affiliated with the International Union of the Latin Notary (IULN), with seat in Buenos Aires and administrative office in Rome.

The IULN is a nongovernmental organization, of which take part in, 62 countries today, constituted to promote, co-ordinate and develop the notarial activity in the international field of action.

The integration of the Brazilian notaries in relation to other countries is very important, permitting that we know here in Brazil which difficulties a person will find to carry out a business abroad.

Referring to the constituents countries of the Mercosur(Argentina, Brazil, Paraguay and Uruguay), there is a protocol signed among the respective Notarials Colleges fixing criteria for the change of information relatively to the demanded requirements by the respective countries for the fulfillment of the notarial deeds.

The proven Buenos Aires – Argentina lawyer professionals at the Kier Joffe law firm have experience working with foreign clients involved in all kind of cases in Argentina. Buenos Aires Argentina attorney professionals are knowledgeable in almost all the practice areas of law, to service its international cases in Buenos Aires Argentina. International clients will have the confidence of knowing that the case is being handled by an experienced and knowledgeable Buenos Aires  lawyer in Argentina.

www.kierjoffe.com

Invest in Buenos Aires – Argentina

Invest in Buenos Aires

Introduction

Since a few years ago, the economic activities in Buenos Aires have been in constant development, turning it into a booming and cosmopolitan city like any of the large capital cities in the rest of the world.

This growth is boosted by new business opportunities in different areas, which are attractive to both local and foreign investors.

For the period 2008-2011, the Government of the City of Buenos Aires has elaborated a USD 8,000-million public investment plan, to be financed in the following way: 40% with public funds, 10% with funds from multilateral agencies, and the outstanding 40%, with private funds.

Being aware of the strong investment needed to support this vertiginous development, the Government of the City of Buenos Aires is deeply committed to provide the necessary tools and decisions for facilitating and promoting the growth of this city.

In the following section you will find the necessary information to take advantage of new business and investment opportunities, which are being offered by our City nowadays:

– Why invest: discover the main reasons why this City represents an excellent opportunity of investment.
– Where to invest: learn about business opportunities related to public works financing, the strategic sectors which boost growth in this City and the Government projects to promote investment.
– How to invest: obtain all the necessary, specific and detailed information about the requirements and special procedures to invest in this City.

Strategic industries

The city has defined 4 strategic industries for which it has elaborated policies, plans, projects and some programs oriented to sustainable growth and investment promotion.

 ICTs – Information and Communication Technologies

The City of Buenos Aires concentrates most of the companies related to Information and Communication Technologies, which are growing at a constant faster pace than the rest of the industries. Get to know the characteristics, capacities and resources that promote their development.

Audiovisual Industry

The last technological advances and the changes of habits related to the consumption of information and content-related recreation have provoked a new revolution in the development of this sector. Buenos Aires relies not only on its excellent infrastructure but also on its creative and highly qualified human capital, high level of technology (comparable to the main cities in the world) and the high purchasing power of its population. All these variables turned this industry into one of the most dynamic and influential ones in the city economy.

 Real Estate Developments

It is in this sector where the City of Buenos Aires has received the largest amount of investments in the last few years, with an unprecedented development rate. The construction of business offices, residential developments, hotel projects and mixed projects are among the most important ones. Even though the city has already experienced a great development, it still has excellent business opportunities and it can continue growing.

 Tourism

Once again, the City of Buenos Aires has been selected as the best tourist destination in Latin America and the second best destination in the world. During 2007 the City reported almost 2 million visitors (+9%) and the inflow of more that U$S 2 thousand million in foreign currencies (+15%) and this implies its consolidation as an investment focus at a regional level.

 Foreign Investments

It is not always easy to settle down in a new country, region or city.

The new sources of information, the quite uncommon routines and the need to build ties with a very different culture may turn the process of settling down in a foreign country quite difficult and long.

In order to help those people that choose Buenos Aires to stay, either for professional or personal reasons, we have developed some useful material for making your disembarking in this city simple and successful.

We will provide you the necessary information about the legal forms to operate in this country, the tax regime of the Argentine Republic, and the labor regime in force, with the different kinds of employment contracts so that you can choose the most convenient one for your project. Besides, we include some data about the different ways of entering and staying in Argentina. Regarding these two items, you will find information about the necessary procedures and requirements.

We expect this material to be useful, and we invite you to contact us and so that we can help you throughout your investment project.

The proven Buenos Aires – Argentina lawyer professionals at the Kier Joffe law firm have experience working with foreign clients involved in all kind of cases in Argentina. Buenos Aires Argentina attorney professionals are knowledgeable in almost all the practice areas of law, to service its international cases in Buenos Aires Argentina. International clients will have the confidence of knowing that the case is being handled by an experienced and knowledgeable Buenos Aires  lawyer in Argentina.

www.kierjoffe.com

 

Buenos Aires, Argentina – Title Search – liens, mortgages, judgments, tax status on the property from last property purchase to current date

CURRENT OWNER SEARCH DESCRIPTION

If you need to check all liens, mortgages, judgments, tax status on the property from last property purchase to current date, as well as, copy of the vesting deed – Current Owner search is what you need. Current Owner Title Search is ideal for foreclosure auctions, pre-tax auctions, short sales, tax sales, tax certificate purchases, non performing note transactions, by-owner transactions, refinance, checking for clear title. You will receive a Title Report on all outstanding mortgages, liens and judgments recorded against the property and current owner(s).Kier Joffe performs vesting information search, mortgage and assignment search, federal, state and municipal lien search, lien search, Civil judgment search including Foreclosure Proceedings, as well as, bankruptcy and tax delinquency status. All of the Property related information is captured on the summary page. Copy of the current owner deed is included in the current owner title search report

To place an order for a Current Owner Title search, please fill out the Contact Form on the right today or give us a call at:

USA: +(1) 212.300.6377
ARG: +(54) 115.218.3100

The proven Buenos Aires – Argentina lawyer professionals at the Kier Joffe law firm have experience working with foreign clients involved in all kind of cases in Argentina. Buenos Aires Argentina attorney professionals are knowledgeable in almost all the practice areas of law, to service its international cases in Buenos Aires Argentina. International clients will have the confidence of knowing that the case is being handled by an experienced and knowledgeable Buenos Aires  lawyer in Argentina.

www.kierjoffe.com