US EditionMcEwen Copper's Los Azules Joins Argentina's Large Investment Incentive Regime (RIGI) - McEwen (NYSE:MUX)
Los Azules will be Argentina's first regenerative copper mine, with a $2.7 billion investment under RIGI and a 27-year mine life, focusing on renewable energy and local development.
- Approval of Los Azules under RIGI includes a US $2.672 billion investment for the copper project in Calingasta, San Juan Province, Argentina, confirmed by Minister of Economy Luis Caputo.
- With prior permits in place, the Environmental Impact Declaration was approved in December 2024 and the feasibility study is due by the end of October 2025.
- Operating plans call for 100% renewable electricity and reduced water use, with Los Azules targeting carbon neutrality by 2038 and a PEA projecting a 27-year mine life.
- The Project stands ready to begin construction, subject to detailed engineering and financing, while Argentina's Large Investment Incentive Regime offers 30 years of legal, fiscal, and customs stability with tax incentives including a 25% corporate tax rate and 50% reduction in dividend withholding tax.
- Company filings warn of financing and permit risks as Rob McEwen, Chairman and Chief Owner, holds a US$205 million personal investment while McEwen Inc. owns 46.4% of McEwen Copper listed on NYSE and TSX.
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17 Articles
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McEwen Copper Inc. said its Los Azules copper project in Argentina has been approved for inclusion in the Milei government’s strategic development initiative, allowing the company to advance its $2.67 billion development.
McEwen Copper's $2.7bn Los Azules project wins Argentina approval
Argentina approves McEwen Copper's Los Azules project for RIGI tax incentives, positioning the country to re-enter copper production by 2029 as global supply deficits emerge and demand soars for the critical metal.
McEwen Copper's Los Azules Joins Argentina's Large Investment Incentive Regime (RIGI) - McEwen (NYSE:MUX)
TORONTO and BUENOS AIRES, Argentina and SAN JUAN, Argentina, Sept. 26, 2025 (GLOBE NEWSWIRE) -- McEwen Copper Inc. ("McEwen Copper") is pleased to announce, as communicated by Minister of Economy Luis Caputo in his X account, the approval of Los Azules to participate in Argentina's Large Investment Incentive Regime (RIGI), a key policy instrument to promote strategic initiatives that drive the country's productive development. The Project's inc…
It will generate more than 3,500 direct and indirect jobs and is estimated to provide annual exports of around $1.1 billion
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