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Argentina: National Program for the Systematic Disclosure of Mining Activities created

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In brief

The ProNDSAM (ProNDSAM for its acronym in Spanish) was created on 3 August 2023 by means of Resolution N° 96/2023 of the National Mining Secretariat.

Its objective is to regulate and standardize the publication of mining sector information under international standards. The data will be published weekly, monthly, and in special reports. Activity indexes will also be published, and all the information will be permanently updated.

The information will include data related to mining exports, provincial origin of such exports, trade balance and evolution of the main projects, employment, and international prices of the most relevant minerals.

The creation of ProNDSAM is one of a series of measures that Argentina has been establishing to guarantee transparency in the management of the mining sector, in coordinating the collection of information on a regular basis, and in systematizing and facilitating access to it.

The Directorate of Mining Transparency and Information will be in charge of running ProNDSAM and in issuing complementary regulations.

Click here to access the Spanish version.

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Author

Adolfo has been a member of the Management Committee of Baker McKenzie’s Buenos Aires office since 2013 and the managing partner of that office since 2021. He has extensive experience working on corporate and commercial transactions for companies in the oil & gas, mining and natural resources industries. Adolfo has authored several reviews for various publications — including Sweet & Maxwell — usually involving Argentinean investments and mining.

Author

Ezequiel Artola is a partner in the Energy, Mining and Infrastructure Practice Group in Buenos Aires. He advises clients on a variety of complex transactional, general commercial and regulatory matters, with emphasis on mergers and acquisitions, joint ventures, commercial agreements and corporate practice. Ezequiel was assistant professor of commercial and civil contracts at the Universidad de Buenos Aires, and has written articles related to mining, oil and gas, and distribution and agency agreements.

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Delfina Ferrario is an Associate in Baker McKenzie, Buenos Aires office.

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