Argentina approves $9.7 billion Vicuna Copper Mine under large-scale investment tax scheme
2026-06-17 11:46:18 [Print]
Argentina has granted approval for the $9.7 billion Vicuna copper project to participate in the country's large-scale investment tax incentive regime, Economy Minister Luis Caputo announced on Tuesday.
The mine, which will be operated by Australia's BHP and Canada's Lundin Mining, is poised to become Argentina's largest mining development to date and rank among the world's five largest copper mines. According to Caputo, total investment in the project could eventually reach $18 billion, with annual export revenues projected to exceed $2.6 billion once operations are fully underway.
The mine, which will be operated by Australia's BHP and Canada's Lundin Mining, is poised to become Argentina's largest mining development to date and rank among the world's five largest copper mines. According to Caputo, total investment in the project could eventually reach $18 billion, with annual export revenues projected to exceed $2.6 billion once operations are fully underway.
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