Feb 8 β€’ 23:29 UTC πŸ‡¦πŸ‡· Argentina Clarin (ES)

The largest copper project awaits the RIGI and adds investments of US$ 790 million in 2026

Argentina's Cerro Filo del Sol copper mining project is anticipated to attract $790 million in investments by 2026, representing a significant economic opportunity for the country.

The Cerro Filo del Sol, located at an elevation of 5,350 meters above sea level in Argentina, is hailed as one of the largest copper, gold, and silver discoveries in the past three decades. Coupled with the JosemarΓ­a project on the San Juan-Chile border, it presents a monumental investment prospect in the mining sector, potentially making it the largest investment in Argentina's history within this field. Currently, the prospects for investment hinge on the approval of the RIGI, a regulatory measure necessary for advancing these mining endeavors.

Accessing the copper project requires a challenging 12-hour journey from the provincial capital, where many workers and executives reside, to the remote northwest of San Juan in the Andes Mountain Range. The route primarily utilizes the "Este Corridor," comprising 260 kilometers of paved road via National Route 40 until reaching Guandacol in southern La Rioja, followed by a treacherous ascent requiring 4x4 vehicles. Despite the logistical challenges, the potential economic benefits from such significant mining operations are considered crucial for the stabilization of Argentina's economy.

As the nation looks for avenues to bolster its financial standing, the developments surrounding Cerro Filo del Sol signify not only critical revenue generation but also a pivotal moment for the local mining industry. The influx of $790 million in investment is expected to catalyze job creation and foreign investment, which could revitalize infrastructure and further stimulate economic activity. If approved, this project could set a new precedent for the Argentine mining sector, attracting international attention and possibly leading to additional ventures in the region.

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