Overview
- President Javier Milei and Foreign Minister Pablo Quirno met at the Casa Rosada with Vicuña Corp. leaders Jack Lundin, Carlos Ramírez, Ron Hochstein and José Luis Morea to review the plan for the Josemaría and Filo del Sol deposits in San Juan.
- Vicuña has applied to the RIGI under the PEELP category for an initial US$2 billion covering the first two years, signaling a total investment framework estimated at US$15–17 billion over more than a decade.
- Executives emphasized the need for reforms that provide predictability and clear rules, while the government underscored copper’s strategic role for exports and the energy transition.
- PEELP benefits cited include up to 40 years of fiscal stability, tax reductions, import exemptions, an improved VAT regime and access to international arbitration, which the joint venture views as essential for long-term planning.
- Engineering and technical studies are in progress with an integrated technical report targeted for the first quarter of 2026, as progress also hinges on regulatory adjustments related to the National Glaciers Law and formal RIGI approval.