In brief
On 9 December 2024, the National Mining Secretariat published Resolution No. 104/2024 ("Resolution"), establishing the updated annual mining fee (canon) that holders of mining rights must pay as part of the maintenance of such rights.
Considering that the canon is payable in advance and in equal parts in two semesters, due on 30 June and 31 December of each year, the updated value of the canon under the Resolution will apply to the next canon payable this month for the first half of 2025.
The update results in a 193% increase, as indicated in the Recitals of the Resolution and as detailed in the second table below.
In focus
The Resolution was issued in accordance with the amendment of Section 213 of the Mining Code made in 2022, which provides that the annual canon will be updated using the Consumer Price Index (CPI) and Resolution 90/2023, which determined the procedure for updating the amounts.
The Resolution updated the annual mining canon per tenement as follows:
| First category substances (lithium, gold, silver, copper, etc.) |
ARS 13,511.11 |
| Second category substances |
ARS 6,826.67 |
| Provisional explorations or concessions of first category and second category for one unit of measurement (500 hectares) |
ARS 68,835.54 |
As an example, the following table compares the canon for 2024 with that for 2025, assuming a 10,000-hectare exploration and a concession of 35 tenements, both assumptions for first category minerals:
| |
Canon 2024 |
Canon 2025 |
| ARS |
USD TC Official (*) |
ARS |
USD TC Official (**) |
Exploration Permit
20 units = 10,000 has. |
469,867.20 |
581.50 |
1,376,710.80 |
1,360.40 |
1° category disseminated mine
35 tenements = 3,500 has. |
1,613,955 |
1,997.50 |
4,728,888.50 |
4,672.80 |
(*) USD 1 = ARS 808 (cotización BNA al 29.12.2023)[1]
(**) USD 1 = ARS 1,012 (cotización BNA al 2.12.2024)
[1] Please note that the national government announced on 12 December 2023 a new exchange rate of ARS 800 pesos per USD.
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Click here to read the Spanish version.
