Argentina approves $9.7 billion Vicuna mine development for tax break scheme
16/06/2026 18:14
Argentina approves $9.7 billion Vicuna mine development for tax break scheme June 16 (Reuters) - Argentina approved the $9.7 billion Vicuna copper project for the country's large investment tax mechanism, Economy Minister Luis Caputo said on Tuesday.
The mine, to be operated by Australia's BHP BHP.AX and Canada's Lundin Mining LUN.TO, is set to be Argentina's largest ever mining development and one of the world's five largest copper mines. Investment in the project could reach $18 billion, with the mine projected to generate exports of more than $2.6 billion a year, Caputo said.
(Reporting by Iñigo Alexander; Editing by Kylie Madry)
Recent news on BHP
See all newsBrief: BHP Australia President Says Co Tabled Draft Enterprise Deal With Bargaining Reps At Port Hedland
Brief: Australia's AMWU Says Unions Met With BHP To Discuss Issues Relating To Wages, Others At Port Hedland Ops
Brief: Rio Tinto Says Co, BHP And Caterpillar Launch Battery-Electric Haul Truck Trial In Pilbara
BHP and Rio Tinto test Caterpillar's electric haul trucks in Pilbara
Australian miners fall on weakening iron ore prices