McEwen Copper has applied for its Los Azules copper project in Argentina to be included in the country's Large Investment Incentive Regime (RIGI), a tax stability mechanism aimed at encouraging large-scale infrastructure development. The project, with an initial investment of US$2.7 billion, could benefit from reduced corporate tax rates, VAT relief during construction, exemption from export duties, and access to international arbitration. The company expects to produce 175,000 tonnes of copper annually for 27 years from the project, which ranks as the eighth largest copper resource globally.
McEwen Copper has applied for admission of the Los Azules copper project in San Juan, Argentina to the country's Large Investment Incentive Regime , a tax stability mechanism announced in 2024 by president Javier Milei to spur infrastructure development projects for capital investments above $200 million. The Los Azules project features an initial capital investment currently estimated at US$2.
is approved, McEwen said Los Azules would have access to various benefits, including a reduced corporate income tax rate of 25% from 35%, relief from value-added tax payment during construction, exemption from export duties and exclusion from the obligation to bring export proceeds into the country.
COPPER MINING ARGENTINA INVESTMENT INCENTIVES RIGI LOS AZULES PROJECT
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