Energy mogul makes 100-year bet on Argentina’s mineral wealth

Over three decades, Jose Luis Manzano built a reputation for diving into distressed sectors in Argentina and navigating tumultuous economic and political cycles to shape a portfolio ranging from media to energy.

“We believe we are positioning ourselves in things that will be necessary for the next 50 to 100 years,” Manzano said in a rare interview from London.The 68-year-old physician was a minister under former President Carlos Menem in the early 1990s before entering the business world with a TV company. For now, Manzano is working to get the mining projects up to full speed. “We are recruiting people every day,” he said. “There’s no shortage of qualified people in Argentina. I’m very enthusiastic because they’ve been waiting for Argentina to become a mining country, and now they see the opportunity.”

Manzano has long been adept at surfing Argentina’s inflationary spikes, sovereign-debt defaults and money-flow restrictions. Under the Milei administration, he and other business leaders see opportunities to grow their personal wealth and solidify their legacies. “I am optimistic,” he said. “We believe the initial action against inflation is succeeding and that maybe the economy can start on a growth path in the fourth quarter — and that is attracting a lot of attention to the play in Argentina.”

Still, Manzano’s pivot to mining doesn’t come without challenges in Argentina, where the industry pales in comparison to neighboring Chile and has struggled to convince communities that economic benefits outweigh environmental risks.

Portugal Últimas Notícias, Portugal Manchetes

Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.

More than half of US residents now affected by 100% clean energy legislationMore than half the U.S. population now lives in a state that has set a target of 100% clean energy.
Fonte: dcexaminer - 🏆 6. / 94 Consulte Mais informação »

100 Constellation Energy volunteers help Habitat for Humanity build two new homesPenfield, N.Y.— The sound of 100 hammers echoed throughout Penfield Friday, as volunteers participated in a 'Framing Frenzy.'The project, through Habitat for H
Fonte: 13WHAM - 🏆 256. / 63 Consulte Mais informação »

Deep-sea sponge's 'zero-energy' flow control could inspire new energy efficient designsThe Venus flower basket sponge, with its delicate glass-like lattice outer skeleton, has long intrigued researchers seeking to explain how this fragile-seeming creature's body can withstand the harsh conditions of the deep sea where it lives.
Fonte: physorg_com - 🏆 388. / 55 Consulte Mais informação »

U.S. Department Of Energy’s Faculty-Applied Clean Energy Sciences Program Announces First-Ever CohortU.S. Department of Energy's Faculty-Applied Clean Energy Sciences Program Announces First-Ever Cohort
Fonte: cleantechnica - 🏆 565. / 51 Consulte Mais informação »