Central Puerto Expands into Lithium Mining with Stake in Argentina’s ‘3 Cruces’ Project

Central Puerto, a leading electricity generator in Argentina, has announced its entry into the mining sector with a 27.5% stake in the '3 Cruces' lithium mining project in Catamarca province. This move marks the company's strategic diversification into the rapidly growing lithium market, essential for electric vehicles and renewable energy storage.

Located in Argentina's highest-grade lithium basin, the '3 Cruces' project positions Central Puerto to capitalize on the surging global demand for lithium. The site spans over 27,540 hectares near the Chilean border, adjacent to major lithium developments. Preliminary geological surveys suggest high-grade lithium deposits with low impurities, offering significant extraction potential.

Fernando Bonnet, General Manager of Central Puerto, emphasized the project's potential to create quality jobs and drive economic growth in southern Catamarca. Bonnet also highlighted the company's commitment to environmental responsibility and collaboration with local communities. “This investment is a milestone in our growth strategy and a unique opportunity to contribute to the region’s development,” he stated.

The acquisition aligns with Central Puerto's broader strategy to engage in export-oriented industries and become an integral player in the electric mobility and renewable energy value chains. Lithium’s role in decarbonizing global energy and transportation sectors makes this investment timely as global demand accelerates.

While the venture offers promising growth opportunities, it also introduces new challenges, including environmental and regulatory compliance and the complexities of mining operations. However, Central Puerto’s proactive focus on sustainable practices and community engagement may help mitigate these risks.