Subject

Subject

ARGENTINA – Overview.

GRUAS SAN BLAS Summary.

GRUAS SAN BLAS Business Plan

1. ARGENTINA – Overview

1. ARGENTINA – Overview

Surface area: 3.761.274

Population (2009):40.2 million

Geographical location: Argentina's continental area is between the

Andes mountain range in the west and the Atlantic Ocean in the east. It

borders Paraguay and Bolivia to the north, Brazil and Uruguay to the

northeast, and Chile to the west and south.

Politic system: Presidential Republic Federal.

Elections (years): 2011

Relevant facts about the ARGENTINA.

Full name: Argentine Republic Capital: Buenos Aires

Major language: Spanish Literacy: 97,4 %

Major religion: Christianity

Life expectancy: 72 years (men), 79 years (women) (UN)

Monetary unit: 1 peso = 100 centavos

Main exports: Food and live animals, mineral fuels, cereals, machinery

Country Indicators 2004 / 2009

Índice de Referencia / Año 2004 2005 2006 2007 2008 2009

Dólar libre ( en %) -0,33 -1 3,71 0,65 3,23 14,4

Reservas Internacionales

19686 28120 3158 45511 46072 48184

PBI (Indice) 393,5 319,9 347,6 379,2 394,6 404,9

Deuda Externa (miles de millones de U$D)

208823

119356

199356

139700

128112 165700

Importaciones (miles de millones de U$D)

22118 29611 34304 44304 51498 35214

Exportaciones (miles de millones de U$D)

34839 40216 45981 56233 69035 56059

Desempleo (% poblacion activa)

14,8 11,6 11,4 10,2 8,4 7,3

1. ARGENTINA – Overview

Country Indicators 2004 / 2009

Country Indicators 2004 / 2009

Country Indicators 2004 / 2009

Country Indicators 2004 / 2009

Country Indicators 2004 / 2009

Country Indicators 2004 / 2009

Country Indicators 2004 / 2009

1. ARGENTINA – Overview

• •Construction % over total

GDP: 6,7%• Mining % over total GDP: 4%• Other industries relevant for construction equipment:Timber - Automotive -Textile Chemistry - Siderurgico

Main Construction Companies

2. GRUAS SAN BLAS APR Analysis–Economic Segmentation.

GRUAS SAN BLAS APR Construct. Norb. Odebrecht Techint Cía. Técnica Intern. Grupo IecsaEvangelistaDycasaBenito Roggio e HijosJosé Cartellone Construc.Petersen Thiele y CruzCaputto Constructora SudamericanaGrupo BautecCribaConstruct. Roque Mocciola Supercemento Azzolini S.A. Stieglitz S.A.Helport S.A.AEC S.A.Socmer Werefkin S.A.

Implication

2. GRUAS SAN BLAS APR Analysis–Economic Segmentation.

GRUAS SAN BLAS APR

2. GRUAS SAN BLAS APR Analysis–Economic Segmentation.

2. GRUAS SAN BLAS APR Analysis–Economic Segmentation.

Mining activities

Implication Main mining companies.

2. GRUAS SAN BLAS APR Analysis–Economic Segmentation.

GRUAS SAN BLAS APR Mining investments projections.

It is expected that the mining sector is to grow at an annual average rate of 2.76% across the 2009-2013 period, reaching ahead of the economy as a whole, which will grow at 0.82%.

2. GRUAS SAN BLAS APR Analysis–Economic Segmentation.

Mining investments projections.

The group of companies with exploration or mining interests in Argentina is currently exceeding 130, and from those, over 40% are headquartered in Canada. Nevertheless, it is interesting to point out that now 18% is from Argentinean origin.

In terms of the stages in the Mining cycle in which the companies are, 14% are producing one or more of the following minerals: gold, silver, copper or lithium, among others. On the other side of the cycle, over 81% are devoted to exploration, that is to say are in the riskier stage in terms of the investments.