The Government of Javier Milei announced the approval of the entry into the Incentive Regime for Large Investments (RIGI) of the copper project Vicuña, located in the province of San Juan.
The initiative, developed by the companies BHP and Lundin, is the largest mining project in the history of Argentina and positions itself as one of the five most significant copper developments globally.
Through his official account on X, the Minister of Economy, Luis "Toto" Caputo, reported: “The Evaluation Committee approved today the entry into the RIGI of the copper project Vicuña, in San Juan, developed by BHP and Lundin.”
In this regard, he detailed the magnitude of the planned investment: “With an initial investment of USD 9.7 billion —which could reach USD 18 billion according to the companies' estimates— this is the largest mining project in our history and one of the five largest copper projects in the world.”
The project contemplates a strong impact on the real economy, both in foreign currency generation and in employment. According to the minister, “this project will generate exports of over USD 2.6 billion per year and more than 30,000 direct and indirect jobs.”
