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Mining in San Juan: Details of vicuña's Project, Which Plans to Invest $7.1 Billion in Three Years to Extract Copper
5 Articles
5 Articles
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$18 billion in the next decade. Behind Vicuña …
In the midst of the expansion of the Big Investment Incentive Regime announced by the Executive on Thursday, the mining company Vicuña - which projects USD 6 billion in exports after allocating USD 18 billion in San Juan- highlighted the importance of RIGI in ensuring: "Copper is zero when it is underground."The CEO of the company, Ron Hochstein, said it is a "high criticism measure, because without that fiscal stability there would be no projec…
Ron Hochstein begins to practice the Spanish language hard. This Canadian with great experience in mining is disembarking in Argentina, where he will be responsible for executing the largest direct investment in the history of the country. He is the CEO of Vicuña, the company created between the mining giants BHP and Lundin to develop an area that includes the porjectos Josemaria and Filo del Sol, in San Juan. In those copper, gold and silver pr…
With a record investment of US$ 18 billion, the BHP-Lundin consortium consolidates its direct relationship with the Executive to develop in San Juan one of the five largest copper deposits in the world. The Vicuña Project has marked a milestone in the management of mining investments in Argentina. In an unusual fact for the sector, the company’s directors — made up of giants BHP and Lundin Mining— held their third meeting with President Javier M…
Vicuña, a product of the association of two foreign companies, announced an estimated investment of $18 billion for mining in the southern mountain region of the country. "If this goes well, Argentina begins to sit at the table where the big mining investments are decided," an expert told Sputnik.
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