Mining in San Juan: Details of vicuña's Project, Which Plans to Invest $7.1 Billion in Three Years to Extract Copper

la Nacion

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The investment numbers are impressive. In the company they say that it could become the largest foreign direct investment made in Argentina. It is an announced initial disbursement of US$7.1 billion that Vicuña plans to execute in the next three years to build and start a copper mine at more than 4200 meters high, in San Juan. If the plan progresses as planned, the total investment would amount to US$18 billion in the next decade. Behind Vicuña …

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In the midst of the expansion of the Big Investment Incentive Regime announced by the Executive on Thursday, the mining company Vicuña - which projects USD 6 billion in exports after allocating USD 18 billion in San Juan- highlighted the importance of RIGI in ensuring: "Copper is zero when it is underground."The CEO of the company, Ron Hochstein, said it is a "high criticism measure, because without that fiscal stability there would be no projec…