{"id":11665,"date":"2012-06-20T11:36:15","date_gmt":"2012-06-20T09:36:15","guid":{"rendered":"http:\/\/www.myza.co.za\/06\/argentine-currency-rules-hit-mine-exports-industry\/"},"modified":"2012-06-20T11:36:15","modified_gmt":"2012-06-20T09:36:15","slug":"argentine-currency-rules-hit-mine-exports-industry","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/argentine-currency-rules-hit-mine-exports-industry\/","title":{"rendered":"Argentine currency rules hit mine exports-industry"},"content":{"rendered":"<p>\t\t<span><\/span><\/p>\n<p>* Gov&#8217;t cuts time limit for proceeds to be cashed<span><\/span><\/p>\n<p><span><\/span><\/p>\n<p>* Miners struggle to meet new 30-day deadline<\/p>\n<p><span><\/span><\/p>\n<p>* Industry group&#8217;s leader hopeful for solution<\/p>\n<p><span><\/span><\/p>\n<p>By Guido Nejamkis<\/p>\n<p><span><\/span><\/p>\n<p>BUENOS AIRES, June 19 (Reuters) &#8211; Mining companies in<br \/>\nArgentina have sharply reduced exports because they are unable<br \/>\nto meet a new government rule forcing them to cash in the<br \/>\nproceeds within 30 days, the head of an industry group said on<br \/>\nTuesday.<\/p>\n<p><span><\/span><\/p>\n<p>President Cristina Fernandez has imposed a series of rules<br \/>\non trade and foreign exchange over the last year in an effort to<br \/>\nbolster the supply of dollars, which her government needs to pay<br \/>\nthe public debt.<\/p>\n<p><span><\/span><\/p>\n<p>Last month, her center-left administration put new measures<br \/>\nin place aimed at accelerating the arrival of export proceeds.<\/p>\n<p><span><\/span><\/p>\n<p>Argentine mines produce copper, gold, silver and other<br \/>\nproducts.<\/p>\n<p><span><\/span><\/p>\n<p>Mining companies used to have 360 days to cash in the<br \/>\nearnings, but are struggling to meet the new time limit,<br \/>\nprompting them to dramatically reduce shipments, said Martin<br \/>\nDedeu, head of the Argentine Mining Industry Chamber (CAEM).<br \/>\n\u00a0 <span class=\"label\"><strong>Continued&#8230;<\/strong><\/span><\/p>\n<p><span><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>* Gov&#8217;t cuts time limit for proceeds to be cashed * Miners struggle to meet new 30-day deadline * Industry group&#8217;s leader hopeful for solution By Guido Nejamkis BUENOS AIRES, June 19 (Reuters) &#8211; Mining companies in Argentina have sharply reduced exports because they are unable to meet a new government rule forcing them to [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","ngg_post_thumbnail":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[1],"tags":[830,2370,183],"class_list":{"0":"post-11665","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-south-africa","7":"tag-news","8":"tag-reuters","9":"tag-south-africa-2","10":"entry"},"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/11665","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/comments?post=11665"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/11665\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=11665"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=11665"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=11665"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}