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1) The founder if Yamana Gold, Peter Marrone, says that the $4.8 billion takeover will be the catalyst for "much needed" consolidation in the gold industry. Yamana Gold has a pending takeover by Pan American Silver Corp. and Agnico Eagle Mines Ltd. that will have Peter Marrone move on from a company that he started 20 years ago. Peter Marrone has advocated for consolidation in the mining industry that has been seeing underinvestment and depleting reserves. "The result if all that is there's not only less money to go around, but there's less money that chases quality opportunities," said Marrone. As a result, Peter Marrone plans to start a private equity venture aimed at investing in gold mines as his next chapter in his career unfolds. He will team up with Yamana CEO Daniel Racine to find "hidden gems" or projects that have high potential to produce higher grades at lower costs. "There are examples of assets of companies that are trading at a fraction of what they should be trading at. We're looking at those and thinking: with some elbow grease, some smart investment and our competency, we'll create value," added Peter Marrone.
2) Argentina's economy minister, Sergio Massa said that exports of gas, lithium, and other minerals will offer Argentina a "phenomenal growth opportunity" and will boost the nation to repay its creditors. Mr. Massa said that they will start exports of gas to Chile int he next few days and could start exporting gas to Brazil from September." The central bank printed money in Argentina to push annual inflation to almost 100%, exchange controls have hurt the industry and fed a black market in the US dollar, all while being cut off from international markets due to the country's ninth default in 2020. With investment into the gas industry, and a strong performing mining industry, the country is set to turn its economy around with exports. Argentina has a total of 95 lithium, copper and other mining projects in the pipeline according to the mining ministry officials.