The price of gold in the international market this year fluctuates between 30-40 US dollars per ounce, and one ton of gold is worth 1.58 million US dollars.
Although the Bretton Woods system stipulates that 1 ounce of gold is equal to 35 US dollars, San Jose is not the central bank of Argentina after all, not to mention that Argentina’s gold mine production is not large and it is impossible to exchange it for US dollars.
Among the major financial institutions in the country, Barron's Bank already has one of the largest gold reserves. Of course, this does not include the large private family group, but there are few that exceed Barron's Bank.
In addition to having a large number of domestic assets that serve as ballast, Barron's holds more than 14 tons of gold reserves, mainly distributed in 4 domestic cities, including 8 tons in Buenos Aires and 8 tons in Blanca Blanca. 2 tons, 1 ton in the city of San Martin, 1 ton in the Rosario branch, and 2 tons in the city of Córdoba.
Most of these gold reserves come from the export arms trade and tobacco exports, as well as some special industries. They are stored in bank vaults by Prali International and then become the gold reserves of Barron's Bank.
There is also some gold that comes from small gold mining, but the amount is very small.
Thunder Mining is currently considered one of the largest mineral explorers in the country. Some gold has been discovered in some associated mines, and after being refined, it is provided to Barron's Bank for storage.
This is actually a last resort. The crazy depreciation of the peso has turned gold into a very good publicity tool for the bank's reputation. To absorb residents' savings, in addition to having an interest rate slightly higher than that of other banks, this gold is a business card.
This has also caused the branches in these cities to be targeted by gangsters. Fortunately, the security of the vaults is good.
Argentina was originally a member of the Sterling Group. After the Bretton Woods System was established in 1944, the US dollar became the main currency for international foreign exchange reserves.
Bilon's squandering of precious foreign exchange, coupled with a large number of reasons for the decline in exports, has caused Argentina's foreign exchange reserves to fall to the risk level. They were close to depletion last year, and the national treasury's foreign exchange reserve assets were in a hurry.
At present, the largest proportion of the Argentine Central Bank's foreign exchange reserves is still the pound, and the U.S. dollar is still a minority.
Although Argentina's exports bucked the trend and expanded this year due to large exports from several port cities.
However, the fact that the peso has depreciated has made many companies, factories and individuals prefer U.S. dollar assets, pound assets, and franc assets to the Argentine Central Bank to exchange for pesos. This has also resulted in the Argentine treasury having no way to solve the foreign exchange crisis.
It has to be said that although the depreciation of the peso is of great benefit to Argentina's exports, it has a huge impact on the national treasury. No one wants their hard-earned money to turn into a pile of waste paper, or waste paper that continues to depreciate.
Moreover, Argentina’s foreign exchange reserves cannot be spent fast enough. It imports more than 20,000 cars every year, as well as various other industrial equipment.
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The domestic part of Thunder Mining is now managed by Bill Bernard, a capable man. In addition to mining various salt mines, coal mines, iron mines and copper mines, the petroleum exploration department has basically been handed over to Southern Petroleum for processing.
The new exploration company of Thunder Mining has discovered a new copper mine in the El Pajon area of San Juan Province in the west of Cordoba Province. After coordination with many parties, preparations for construction have begun.
Copper is a nonferrous metal that has a very close relationship with humans. It is a very powerful metal that is widely used in electrical, light industry, machinery manufacturing, construction industry, defense industry and other fields.
San Juan Province, with an area of 89,600 square kilometers and a population of about 350,000, is located in the central and western parts of Argentina. It is a border province of Argentina and borders Chile to the west.
The southeast is a plain with rich mineral resources. The entire province is basically a backward agricultural province. The southeast plain is rich in grapes, grains, fruits, cattle, etc.
The capital, San Juan, has a population of about 60,000. It is located on the east side of the Andes on the banks of the San Juan River, at an altitude of 640 meters. It is connected by railway to the city of Cordoba. Its industries are mainly meat processing, wine brewing, flour, and furniture manufacturing.
This copper mining project has an investment of approximately US$12 million and employs 4,500 employees. Except for senior management, all are recruited from the province and a smelting plant will be set up locally.
Two powerful local families, the Ronald family and the Rodriquez family, contributed 5% each, the San Juan Provincial Office contributed 10%, the San Martin City Hall contributed 10%, and Thunder Mining contributed 70%. Together, Develop this large-scale copper mine and earn proportional profits. This is also the first time that Thunder Mining has entered one of the most closed provinces.
The construction of this mine is expected to take 1-2 years. The Pajun Copper Mine belongs to Thunder Mining Copper Company of San Juan Province.
According to expert estimates, Paqiong copper ore resources are 1 billion tons, with an average copper grade of 0.5%. It is expected that 100,000 tons can be mined every year, and it can be mined for about 60 years.
And there is likely to be a gold mine here, so Saint Hesse also personally supervised this copper mining project. However, even if there is no gold mine, the value of 100,000 tons of copper mines per year is still very large. This is only the first phase of exploration and mining. According to the data, the Paqiong Copper Mine covers a very large area. In order not to make too many people jealous, this is also a matter of local gangsters and the provincial government’s propaganda.
According to various data estimates by his exploration experts, Argentina is a country with large gold reserves, but it is not easy to mine them. This gold is also a very important reserve for Argentina's future economic construction.
The current economic development environment in San Juan is very poor. This investment of 12 million US dollars can almost match the economic income of San Juan Province in five years. Coupled with the various jobs that the factory can bring, it can be considered a win-win situation.
The environment in San Juan Province is actually worse than that in Salta Province, and there are more poor people.
William Labrada, a senior official in San Juan Province and not a member of a large local family, presided over the copper mining ceremony.
Bill Bernard, the head of Thunder Mining, Juan Ronald, the patriarch of the Juan family, Bastur Rodriguez, the patriarch of the Rodriquez family, and Cross, the mayor of San Martin, also participated in this cooperation ceremony.
Valley navel...
Saint Jose still pays close attention to various domestic intelligence trends, actively feeds back various information to the Radical Party headquarters, and reports to Buenos Aires regularly every month.
In addition, they also actively established major branches of the Southern Radical Party and sent out some of the young people in charge to experience and improve their abilities.
Now the numbers of the Southern Radical Party have begun to slowly approach that of the Justice Party.
The school of the Radical Party also opened every three months, constantly attracting outstanding young people, and opened it for the second time.
The Radical Party's reputation in other southern cities is slowly improving.
Night schools are also opened in Blanca City to solve the learning problems of some workers.
Some workers' associations were basically run by the Radical Party. They were appointed by the companies themselves and were slowly transferred to the Radical Party.
In the name of the Radical Party, Saint-Jesse established various workers' associations that were more in line with the interests of factories and workers, and basically stabilized the growing base of workers.
These workers' associations are different from orthodox trade unions in that they use more consultation methods to resolve workers' rights. San Jose was even considering adding some new worker councilors in Blanca City, but they encountered strong opposition and had to give up.
However, the immigrant population in Blanca City is increasing and they need some channels to speak out for them. San Jose once again proposed to increase the number of city councilors and expand the powers of the judges, so that the power of Blanca City Hall is subject to greater oversight.
Although Argentina has three branches of power, the judicial power is the weakest among them. This is also a direction for Saint Jose to think about reform.
In addition, there are an increasing number of new factories in Blanca and some new tax bills are being introduced.
San Jose has recently embarked on a larger overhaul of city hall.
Because of the expansion of the city hall team,
The Civil Service Examination in Blanca City was also held as scheduled at the end of June, with an influx of fresh new civil service candidates.
With the backing of the State Assets Commission's profits and taxes, Saint-Jesse has significantly increased the salaries of Blanca's civil servants and the police department.
St. Jose also personally formulated the examination syllabus and the preparation of the examination papers, and introduced some categories of the British Civil Service Examination, mainly conducting two examinations, including the two subjects of civil servant administrative ability and government affairs papers.
With this new force, these young civil servants are more willing to trust and unite in the city hall.
Assistant Psykimar was also promoted to deputy director of the city hall office because of his outstanding work ability.
Police officers at the National Police Agency have also been officially included in the civilian assessment mechanism.
After all, the police department is still different from the military system, and Saint Jose is actually more willing to rely on the personnel of these police departments.
In order to better complete the replacement of the old and new police departments, master this important force.
In addition to selecting a large number of new police department officials, Sanchez was eventually allowed to retire in the city hall and became a city hall peace officer. However, he did not have real power, but his salary was quietly doubled.
He was replaced by a police chief whom he trusted more.
In addition, Blanca City's western industrial zone has been expanded three times, and three-way work has been prepared before the construction of the refinery.
San Jose has activated the enthusiasm for construction in the entire city of Blanca. A large number of outstanding young people have joined the city hall, which has greatly improved the atmosphere of the city hall in Blanca. This has also given the city of Blanca a very capable team. Civil servants who fought.
A large amount of fiscal revenue and ample taxation also allow Blanca City to leisurely build and update the entire city.
The State Property Commission of the Municipality of Blanca has invested in several factories with great potential.
The two brand-new ring roads are called the small ring road and the big ring city plan by San Jose. One is the ring road in the east and west districts, the other is the ring road in the outer district, and there are 9 roads connecting the outer towns. Connecting roads that have signed agreements with the Municipality of Gran Blanca.
These infrastructure constructions will also greatly expand the development potential of Blanca City.
The Lingang Industrial Zone is planning to build a second-phase industrial park to expand eastward. With so much foreign investment, the factory is no longer enough.
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