What's Happening?
Vicuña Corp., a joint operation involving Lundin Mining, has applied for the Incentive Regime for Large Investments (RIGI) under the Long-Term Strategic Export Projects (PEELP) in Argentina. This application pertains to the Josemaria and Filo del Sol deposits, collectively known as the Vicuña Project. The RIGI regime aims to attract large-scale investments by offering fiscal stability and regulatory transparency. The Vicuña Project is poised to become one of Argentina's largest foreign investment projects, focusing on copper, gold, and silver development. An integrated technical report detailing the project's economic benefits is expected in early 2026.
Why It's Important?
The Vicuña Project represents a significant opportunity for economic growth in Argentina,
potentially transforming the region into a major mining hub. The RIGI framework provides a stable investment environment, which is crucial for attracting international investors. The project's success could lead to job creation, infrastructure development, and increased export revenues for Argentina. For Lundin Mining, this project aligns with its strategic vision to become a top global copper producer, enhancing its portfolio and market position.
What's Next?
The approval of the RIGI PEELP application will be a critical step for the Vicuña Project. If successful, the project will benefit from extended fiscal incentives and regulatory support, facilitating its development. Lundin Mining and its partner BHP will continue to engage with Argentinian authorities to ensure the project's alignment with national economic goals. The upcoming technical report will provide further insights into the project's potential and guide future investment decisions.
