Minas Argentinas SA to Invest $665M in Gualcamayo Mine Project in San Juan
Minas Argentinas SA has received government approval for a $665 million investment to revive the Gualcamayo mine in San Juan, expected to create 4,500 jobs. This project is part of a broader initiative under the RIGI, which encompasses ten projects totaling $25.479 billion, including significant investments in renewable energy and oil infrastructure. Other pending projects include Glencore's proposed $13.3 billion investments in San Juan and Catamarca.
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The Argentine government approved a $665 million project under the RIGI for Minas Argentinas SA to revive the Gualcamayo mine in San Juan, generating 4,500 jobs. This approval is part of ten RIGI projects totaling $25.479 billion.
The solar park El Quemado in Mendoza, also under RIGI, will contribute 305 MW by 2026. Other approved projects include a $2.486 billion oil pipeline and a $2.825 billion LNG liquefaction project, with significant investments from companies like YPF, Rio Tinto, and McEwen Copper. Pending approvals include Glencore's $13.3 billion investments in San Juan and Catamarca.
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