Miners may invest US$5b in Argentina with new president, new rules

Buenos Aires

SOME of the world's biggest miners are ready to spend at least US$5 billion in Argentina if October's presidential elections herald an easing of capital restrictions.

Goldcorp Inc, the largest gold miner by market value, billionaire Ivan Glasenberg's Glencore plc and Yamana Gold Inc are among producers signalling new investments in the country if the next government is more receptive to the industry, according to the country's industry association and provincial and company officials.