Rio Tinto Wins Approval for $2.5B Argentina Lithium Project
- Argentina's government approved Rio Tinto's $2.5 billion Rincon lithium mining project in Salta province on May 2025 under the new RIGI regime.
- The approval follows delays in seven projects submitted since the libertarian government launched the RIGI program nine months ago to stabilize the economy.
- The Rincon initiative is expected to create approximately 500 long-term jobs, with construction set to commence this year, and plans to generate an annual output of 60,000 tonnes of lithium carbonate suitable for batteries.
- Daniel González stated, "We hope this will be the first of many," highlighting RIGI's role in tackling investment unpredictability amid Argentina's economic challenges.
- RIGI offers stable 30-year rules with lower taxes and capital movement freedom, potentially increasing foreign investment despite Argentina's history of economic crises.
13 Articles
13 Articles
Argentina Creates Investment Safe Haven: Mining Giant Rio Tinto First to Dive In
Argentina just approved its first mining project under a groundbreaking new system designed to shield big investors from the country’s rocky economy. The government confirmed that Rio Tinto, a major global mining company, will invest $2.7 billion to produce lithium in northwestern Argentina. This marks a significant milestone for Argentina’s Incentive Regime for Large Investments […]
Mineras Unified a “League of Governors” Behind the Claim to Nation for Infrastructure
Strong questions about the logistical challenge. Search for a system of concessions. Industry celebration for the approval of the first lithium project in the RIGI of the company Río Tinto. Read more
Lithium Triangle region remains strategic amid uncertainties and trade disputes – by Anne Barbosa (S&P Global – May 20, 2025)
https://www.spglobal.com/ Despite the recent tariff agreement between China and the United States, the ongoing trade dispute continues to create global uncertainties and may affect tax revenue and employment in the Lithium Triangle of Argentina, Chile and Bolivia. However, it also presents opportunities, specialists told Platts, part of S&P Global Commodity Insights. Manuel Viera Flores, president of the Chilean Mining Chamber, said ...
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