With the sanction of the BASES Law, the Large Investment Incentive Regime (RIGI)which would imply a tax package that would not only provide “legal certainty”, something that multinational companies look for when investing, but would imply an exemption from many taxes and levies that would make large and expensive investments much more encouraging than in the In the case of the mining industry, it must be done many years before the mine can exploit and obtain profits.
The RIGI lays its foundations in creating conditions of stability and predictability for large foreign investments, (projects of more than 200 million dollars)and it is oriented towards large-scale mining, not only San Juan today would be greatly benefited but also the northern provinces of Argentina that have lithium on their lands.
The expectation is not only of regional governments like San Juan, but also of large investors, since with the approval of said regime it promises to give stability, predictability and fiscal security and legal when it comes to investing in foreign capital companies in our country, the benefits that San Juan could obtain are undeniable.
This is so, since there are five large copper projects close to being exploited, Josemaría, Filo del Sol, Altar, Los Azules and El PachónIn total in the country there are ten of which San Juan has five, see the great importance and how promising it would be if all these projects were launched, it would imply a renewed boost in the private workforce, which today is in crisis and would reactivate the activity of small and medium-sized companies that are part of the mega mining production chain.
It is estimated that with the help of “copper”, San Juan could have an investment of foreign capital greater than the 20 billion dollarsimplying that by 2030 the province will benefit from billings that could range from 3 billion dollars annually. A prosperous future looks ahead for our region.
It is known that with the help of the new Minister of Mining Dr. Juan Pablo Perea and the leadership of Governor Marcelo Orrego, all the necessary strategies are being designed even with adverse scenarios to be able to carry out the mining reactivation in San Juan, a sector that in recent years was absolutely postponed by local and national factors.
The truth is that it can be seen that the provincial executive is implementing a strategic plan to reactivate large-scale mining, on this occasion the protagonist will be copper, so even though the tunnel has not yet been completed, a light appears at the end of this.
THE MAGICIAN
[email protected]
