Argentina’s Government has officially approved Rio Tinto’s $2.5bn Rincon lithium mining project, situated in Salar Del Rincón, Salta province, the first mining project under the newly established RIGI investment incentive regime. Other companies that have applied for the RIGI programme include China’s Ganfeng, Canada’s McEwen Copper and South Korea’s Posco. Of these, five are lithium projects, with the remaining two focused on gold and copper. Argentina is not only a significant exporter of gold and silver but is also anticipating the development of substantial copper projects. Last year, Argentina’s mineral exports amounted to $4.8bn, with gold leading the way, followed by silver and lithium.
SOURCE: MINING TECHNOLOGY
https://www.mining-technology.com/news/rio-tinto-rincon-lithium-rigi/?cf-view