{"id":1142630,"date":"2019-10-08T08:15:15","date_gmt":"2019-10-08T13:15:15","guid":{"rendered":"https:\/\/www.mining.com\/?p=1003846"},"modified":"2019-10-08T08:15:15","modified_gmt":"2019-10-08T13:15:15","slug":"argentinian-government-lowers-tax-for-millennials-lithium-project","status":"publish","type":"post","link":"https:\/\/juniorminingnews.com\/?p=1142630","title":{"rendered":"Argentinian government lowers tax for Millennial\u2019s lithium project"},"content":{"rendered":"<p>The National Mining Secretary of Argentina granted this week a Federal Fiscal Stability Certificate to Millennial Lithium&#8217;s (TSXV: ML) Pastos Grandes lithium project.<\/p>\n<div class='d-flex justify-content-center'>\n<div id='div-gpt-ad-1561499308230-0'><script>googletag.cmd.push(function() {googletag.display('div-gpt-ad-1561499308230-0');});<\/script><\/div>\n<\/div>\n<p>The certificate, whose application was completed last year, outlines the tax regime and additional benefits bestowed upon Pastos Grandes for the next 30 years.<\/p>\n<figure class=\"wp-block-pullquote alignright\">\n<blockquote>\n<p> Millennial completed a feasibility study on the project and management believes that commercial production could potentially begin in two years <\/p>\n<\/blockquote>\n<\/figure>\n<p>&#8220;The main aspect of the Federal Fiscal Stability Certificate is the confirmation of a reduction in the corporate tax rate to 25% as of January 1, 2020,&#8221; Farhad Abasov, Millenial&#8217;s president and CEO, said in a media statement. &#8220;Millennial continues to advance the lithium project at Pastos Grandes with a pilot plant construction underway and active pilot ponds.&#8221;<\/p>\n<p>The 8,664-hectare Pastos Grandes property is located in the northwestern province of Salta.<\/p>\n<p>To date, its Canadian owner has invested over C$40 million in exploration and development work, which includes 22 completed exploration\/monitoring wells, four pumping test production wells, pilot ponds, a pilot plant as well as a year-round camp supported by a hybrid solar power system.<\/p>\n<p>Measured and indicated resources at the project have been estimated in 774,000 tonnes of in situ Li; 4,120,000 equivalent tonnes of Li2CO3; 8,045,000 tonnes of in situ K; and  15,342,000 KCI equivalent tonnes.<\/p>\n<p>In the inferred category, resources are 150,000 tonnes of in situ Li; 798,000 Li2CO3 equivalent tonnes; 1,559,000 tonnes of in situ K; and  2,973,000 KCI equivalent tonnes.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Canadian miner just got a Fiscal Stability Certificate.<\/p>\n","protected":false},"author":42,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center 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