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Rodinia Lithium to start production in Argentina

With news of the drilling of its first production well, 2012 looks set to be a busy one for Rodinia Lithium (CVE:RM), the development-stage Canadian mineral exploration company focused on lithium assets in North America and Argentina and Nevada, USA. By Joyanta Acharjee The lithium explorer has interests in four salars – salt deposits – in Argentina. The key salar property is Diablillos, where the company holds 100 percent of the extraction rights for this lithium-potash-boron project in Salta province.…

Latin America’s infrastructure grows fast

Latin America’s has long been considered a laggard in terms of global infrastructure development, but that perception should be changing. Countries such as Brazil, Mexico, Chile, Peru, and Puerto Rico have all begun major long-term infrastructure projects ranging from roads to dams to telecommunications towers to airports. Infrastructure development in the areas of energy, transportation and telecommunications have seen the greatest recent growth, with estimates ranging as high as $450 billion, to be spent…

Europe’s largest bank profits boosted by its operations in Latin America

Spain’s Banco Santander said that 2011 net profits reveal the growing importance of its Latin America operations which contributed with 51% of the bulk. Last year net profits totalled 5.4 billion Euros, down from 8.2 billion Euros in 2010. The growing importance of Latin America was evident in the bank’s loan book during for 2011. Total loans during the year were up 4% as Banco Santander SA boosted business in Latin America that helped buffer decreasing European operations. Europe’s largest bank by…

HSBC has released a report predicting the rise and fall of the world’s economies in the next 40 years.

The global research department of HSBC has released a report predicting the rise and fall of the world’s economies in the next 40 years. The world’s top economy in 2050 will be China, followed by the United States. No surprises there – since China’s reforms in the 1980s, economists have said it’s not a question of if, but when, China’s collective economic might will top the U.S. #adp02 But among the smaller, developing nations, there are several surprises by HSBC prognosticators:But among the smaller,…

Why I’m backing Argentina: top EMD manager reveals all

Pioneer’s leading bond manager Yerlan Syzdykov is backing Argentina to rise as an emerging market bond powerhouse despite it being viewed as a country ‘people love to hate’. Syzdykov, who manages the Pioneer Funds Emerging Markets Bond portfolio, revealed why the South American country is his favoured investment pick despite it still being seen as tainted by its 2002 default. Over the past three years, Syzdykov has returned 103.9% in the emerging bond space, while the fund’s benchmark – the JP Morgan…

Argentina expands railroad network as economy grows

Argentina is expanding its railroad network to cope with increasing demands for its growing export sector plus expectations of a boost in transit trade from landlocked Paraguay and regional commerce. Swedish contractor Skanska is the latest international player in the expansion plans. Skanska said it will build a railway extension from the province of Neuquen to the Port of Bahia Blanca near Buenos Aires in a deal estimated at $134 million. Neuquen city is an important agricultural center irrigated by the Limay…

Unasur forecasts South America’s decade

  A new global order is emerging as a result of the world crisis and recession in developed countries and Latin America has a crucial role to play given its very satisfactory economic performance in recent years, said Unasur Secretary General Maria Emma Mejia. Meeting in Madrid for the tenth anniversary of the Spanish foreign affairs think-tank Royal Institute Elcano, Ms Mejia together with other world experts and politicians were invited to discuss the international crisis, the emergence of new powers…
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