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Argentina Miners Hope for Pragmatic Peronism Amid Project Freeze

  • Country needs exports to replenish foreign currency reserves
  • Investors waiting on sidelines amid widespread uncertainty
Alberto Fernandez
Alberto FernandezPhotographer: Sarah Pabst/Bloomberg
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Whoever wins next month’s presidential election in Argentina will have to rely on commodity exporters to bring in much-needed foreign currency. The mining industry is hoping that will win them some concessions.

Since Peronist candidate Alberto Fernandez nailed a landslide win over President Mauricio Macri in an August primary election, Argentina’s foreign currency reserves have fallen 22% to $51.7 billion.