The grounding of two bulk carriers one in the Parana River and a second in the Martin Garcia access canal are evidence of the frail fluvial communications system between the River Plate and the Atlantic, reports the press from the port of Rosario, Argentina’s second largest city and among the world’s main grain export terminals.
Argentine authorities suspended Canadian firm Osisko’s open-pit gold mining project in the north-western province of La Rioja amid grassroots protests and considerations of a possible referendum on the whole project.
YPF SA shares fell the most in 20 months after newspaper Pagina/12 said Argentine officials discussed a takeover of the country’s biggest oil producer, following a controversy with the oil industry over alleged fuel-price fixing and lack of investment which doubled the country’s fuel imports bill to 9.4 billion dollars in 2011.
Argentine industrial production is expected to expand 6% to 7% this year, Industry Minister Debora Giorgi said in a statement Sunday. That would put industrial growth inline with 2011, when it rose 6.5%, according to the national statistics agency, Indec.
In Argentina there are an estimated 60 to 70 billion dollars “outside the financial system” according to the head of the Financial Information Unit, FIU, which is the country’s office in charge of preventing and combating money laundering.
President Cristina Fernandez has more power than Juan Domingo Peron “ever had” and Peronism in Argentina is guarantee of governance, according to Carlos Corach a former Interior minister from former President Carlos Menem administration and a respected solicitor and political analyst.
Argentina is “a good problem” for Brazil, said President Dilma Rousseff’s Foreign policy advisor Marco Aurelio Garcia ahead of another trade dispute when Argentina begins applying a new imports’ scheme that has been equally criticized by local and Brazilian manufacturers.
The possibility of a constitutional amendment to allow Argentine President Cristina Fernandez a third consecutive mandate is being seriously considered and publicly hailed and tested by her most ultra-orthodox followers although no projects have been presented to Congress.
Argentine organized labour, CGT, sent over the week end strong messages to the government of President Cristina Fernandez a day after their leader Hugo Moyano in a comeback speech called government official pre-programmed ‘teacher’s pets” and anticipated a complicated round of salary negotiation with many ‘possible conflicts’.
The Argentina press announced on Sunday the construction of an airport in the middle of the Atlantic Island of St Helena, a British Overseas Territory and which would become a crucial hopping point for the Falklands/UK air bridge.