Particle.news

Download on the App Store

Argentina Approves RIGI Entry for $2.67 Billion Los Azules Copper Project

The measure sets binding spending targets under RIGI to move the San Juan project forward.

Overview

  • The Economy Ministry published Resolution 1553/2025 in the Boletín Oficial approving Andes Corporación Minera SA’s admission as a single‑project vehicle for Los Azules.
  • The investment plan totals US$2,672,171,207, with US$2,353,624,141.07 in computable assets, US$415,775,312.66 committed in the first two years, and a deadline of December 31, 2027 to meet the minimum.
  • The resolution authorizes specific import franchises for essential goods and assigns compliance oversight to the national Mining Secretariat.
  • Los Azules holds an approved environmental impact declaration, its feasibility study is slated to conclude in October 2025, and an IFCMcEwen Copper collaboration aims to align ESG standards toward potential financing.
  • Coverage cites a 27‑year mine life in a McEwen filing, though another report mentions 21 years, and officials project more than 3,500 jobs with about US$1.1 billion in annual exports once operating.