LatinNews Daily - 17 February 2026

*Argentina’s Economy Minister Luis Caputo has announced that Canadian mining company Lundin Mining Corporation will invest US$18bn in the Vicuña mining project in Argentina’s San Juan province over the next nine years. In a social media post, Caputo noted that “this project would not exist without the RIGI”, the incentive scheme for large investments introduced by President Javier Milei. In a statement, Lundin stated it had finalised its investment of US$4.5bn for the initial phase of the construction project and announced the results of the integrated technical study for the Vicuña project, which is comprised of the Filo del Sol deposit and the Josemaria deposit and is held by Vicuña Corp, a 50/50 joint arrangement between Lundin Mining and Australian mining company BHP. The CEO of Lundin Mining, Jack Lundin, noted that the study “outlines a project that would rank among the top five copper, gold and silver mines globally”. Lundin foresees average annual production of 400,000 tonnes of copper, 700,000 ounces (oz) of gold, and 22m oz of silver over the first full 25 years of operation.

End of preview - This article contains approximately 184 words.

Subscribers: Log in now to read the full article

Not a Subscriber?

Choose from one of the following options

• Subscribe
• Sign up for a one-time, 14-day trial