Canadian miner McEwen Copper is pushing ahead with one of Latin America’s most ambitious copper projects, betting that President Javier Milei’s business-friendly reforms will finally unlock Argentina’s dormant mining potential. Argentina, despite its rich mineral deposits, has not produced copper since the closure of the Alumbrera mine, which ran out of ore in 2018. After more than a decade of being stifled by strict currency and capital controls, the country’s nascent mining revival is now gathering momentum under Milei’s new Large Investment Incentive Regime (RIGI). McEwen Copper’s $2.7bn Los Azules project in San Juan province – the eighth largest undeveloped copper deposit in the world – is emerging as a bellwether for the sector’s rebirth. The company has already secured strategic partnerships with European carmaker Stellantis and global mining giant Rio Tinto, which holds a stake through its Nuton subsidiary.
SOURCE: INTELLINEWS