Antofagasta Minerals met with Alfredo Cornejo while Aguas de Origen, controlled by CCU Argentina, maintains a lawsuit against the Province over the Environmental Impact Declaration (DIA) for Paramillos.
The Board of Directors unanimously approved the distribution, which follows the US$13.8 million distributed for the 2024 fiscal year, under a new statute that left Catamarca and the UNT as the company’s only partners.
The funds will be allocated to engineering and early works at the San Juan project. The company is targeting a Final Investment Decision and full project financing by mid-2027, while maintaining 2030 as its target for the start of commercial copper cathode production.
With a multimillion-dollar investment, the Swedish company expanded its facilities in Pocito Department to strengthen support for mining projects in the region and lead the transition toward more sustainable transportation.
The National Senator for Salta, an industrial engineer by training, has extensive experience in public administration across the mining and energy sectors, at both the provincial and national levels.
The initiative seeks to boost competitiveness, innovation and export capacity, with tools designed to integrate Argentine companies into mining value chains.