The Government of Javier Milei approved two new mining projects under the Incentive Regime for Large Investments (RIGI), which involve a combined investment exceeding USD 2.1 billion.
The announcement was made by the Minister of Economy, Luis "Toto" Caputo, who highlighted the impact of these initiatives on job creation and the productive development of the country.
Through his official account on X, the official reported: “The Evaluation Committee approved today the entry of two mining projects into the RIGI.”
These include the copper project of Minera San Jorge, located in the province of Mendoza, with an estimated investment of USD 891 million, and the expansion of the Cauchari Olaroz lithium project, in Jujuy, which anticipates an investment of USD 1.241 billion.
President Javier Milei.
According to Caputo, both developments will have a significant impact on the labor market. “Between the two projects, more than 8,000 jobs, both direct and indirect, will be created,” he noted, in line with the Government's objective to promote formal job creation through large investments in strategic sectors.
In the specific case of the San Jorge project, the minister emphasized the role of the province of Mendoza in advancing mining activity.
“In the case of San Jorge, it is important to highlight the province's success in facilitating mining in its territory, which will allow for one of the first copper exports from the country,” he stated, underscoring the export potential of the initiative.
The announcement is part of a trend of sustained growth in projects within the RIGI, one of the main tools of Milei's Government to attract large-scale investments. In this regard, Caputo specified: “With these projects, there are now 16 approved for nearly 30 billion dollars, while there are another 20 under evaluation.”
Javier Milei and Luis Caputo.
This new advancement reinforces the libertarian administration's strategy to position Argentina as a competitive destination for investments in key sectors such as mining, energy, and industry.
In particular, the development of projects related to copper and lithium is framed within the growing global demand for these resources, which are essential for the energy sector and the technology industry.
The approval of these projects not only expands the portfolio of ongoing initiatives but also strengthens the prospects for economic growth through increased exports and job creation in various regions of the country.
With new initiatives approved and an increasing volume of investment, Milei's Government aims to deepen this scheme as a driver of development, with a direct impact on production, employment, and Argentina's international integration.
