The company activates the country’s first copper PEELP, a long-term strategic investment scheme under the RIGI framework, essential for financing the development of the Josemaría and Filo del Sol deposits.
The company is focusing the start of feasibility on achieving engineering accuracy for investment adjustments and the final CAPEX calculation.
The approval of the Environmental Impact Statement (EIS) for PSJ Cobre Mendocino not only unlocks investment in a province with a stagnant economic structure—it also underscores the resolve of Governor Alfredo Cornejo’s leadership.
With an investment of US$559 million, the project moves toward feasibility and aims to become both the first case of metalliferous mining development in Mendoza and the project that puts Argentina back on the world copper map.
Teresita Regalado, Catamarca’s Secretary of Mining Development, shares a technical analysis, production outlook, and the environmental challenges of a strategic activity for the province.
Mendoza authorizes its first metalliferous mining project in 18 years: PSJ Cobre Mendocino obtains legislative approval, moves into feasibility, and confirms an investment of US$559 million.
In a market dominated by China, Argentina faces the challenge of turning early geological indications into concrete projects and positioning itself within the global Rare Earths value chain.
The historic Mining Investment Law is moving toward a comprehensive modernization aimed at streamlining procedures, reducing discretion, and strategically coexisting with the RIGI. Authorities and experts outlined the key pillars of the reform and its impact on current and future projects.