Overview

• Economy Minister Luis Caputo confirmed Los Azules’ inclusion in the Large Investment Incentive Regime, the eighth project approved under the scheme that now covers about $15.7 billion in investments.
• McEwen Copper outlined a US$2.672 billion plan for exploration, construction and operations, while Caputo projected about $1.1 billion in annual exports and more than 3,500 direct and indirect jobs.
• The project holds an approved Environmental Impact Declaration from December 2024, and the feasibility study is due by the end of October 2025 as the company seeks remaining permits.
• McEwen says the mine aims to produce copper cathodes in 2029 using a leaching method expected to sharply cut water use and run on renewable power, claims subject to verification through feasibility and permitting.
• Ownership disclosures differ, with Reuters citing McEwen as the main shareholder alongside Stellantis and Nuton/Rio Tinto, while the company release states McEwen Copper holds a 100% interest in Los Azules.