The Australian mining BHP -The biggest in the world- and the Canadian Lundin Miningpartners in “Vicuña Corp.“They announced this weekend the greater copper discovery of the last 30 years in the worldwhich is located in San Juan, Argentina.
In this way, The country can be excited with new millionaire disbursements from the incentive regime to large investments (Rigi). The mining It is one of the great sectors that can sustain Argentine exports in the coming decades, such as campo and its industrial complex and the Muerta Vaca Energy.
Within the mineral resources, copper is the greatest growth potential, since Argentina shares the Andes mountain range with Chile, which bases much of its economy on copper extraction, like Peru. Last year Chile exported copper for 50,000 million dollars, more than the entire Argentine agroindustrial sector.
The greatest takeoff of copper production in the country is expected by 2028, and towards the beginning of the decade that Argentina comes, it could already be one of the 10 largest producers of that mineral.
The Vicuña Consortium estimated the natural resources of sulphide and oxides mineral deposits in Filo del Sol and Josemaria And he informed that he is facing One of the biggest discoveries of copper, silver and gold reserves in the world.
Vicuña Corp. is a joint agreement in which both mining companies have a 50% participation “to develop an emerging copper, gold and world -class silver district.” “The proximity of the Filo del Sol and Josemaría projects allows greater Economies of scale, infrastructure shared and greater flexibility for Gradual expansions They support a world -renowned mining complex, “they explained.
The Minerals of San Juan They are “one of the greatest resources of copper, gold and silver in the world” and They are “in the top 10 in mineral resources of the world’s greatest production mines”.
Estimates indicate that Filo del Sol and Josemaria contain some 13 million tons of copper measures and indicatedand 25 million tons inferred -with a lower level of certainty.
Likewise, the mineral deposits of these deposits contain some 32 million ounces of gold measures and indicated and 49 million inferred. In platathe measurement reaches 659 million ounces Measures and indicated and 808 million inferred.
For the Canadian Minera Lundin Mining (In the TSX Toront “significant” increase in your mineral resources base.
Jack Lundinpresident and executive director of the company, commented: “Filo del Sol has been one of the most significant discoveries of the last 30 years. We see Vicuña’s potential to become not only an important copper producer, but also one of the world’s largest gold and silver mines. The big deposits tend to grow and we see a clear potential for expansion to increase the resource. “
The mineral resources report is expected to be completed in the first quarter of 2026. “This estimation of resources is a key mile DAVE DICAIREGeneral Manager of Vicuña Corp. “With this new and expanded resource base, we are positioned to continue advancing towards the development of a promising mining district that is expected to generate a deep impact on the local population and local and national economies,” he added.
According to data from the Argentine Chamber of Mining Companies (CAEM), there are 68 sector projects in the country: 30 of lithium, 22 of copper, 5 gold, 5 of uranium, 4 silver, 1 potassa and 1 fluorite.
Only the 6 most advanced copper projects have estimated necessary investments for 19,521 million dollarsequivalent to a capex Average US $ 3,253 million. Also the 17 most important lithium projects will require about US $ 13,233 million, at a rate of $ 778 million each.
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