Argentina approves $9.7 billion Vicuna copper mine project

SEATTLE (Scrap Monster):  Argentina has approved the $9.7 billion Vicuna copper project for the country’s large investment tax mechanism, Economy Minister Luis Caputo said on Tuesday.

The mine will be operated by Australia’s BHP and Canada’s Lundin Mining. The project is set to become Argentina’s largest mining development and one of the world’s five largest copper mines.

Total investment in the project could reach $18 billion, Caputo said. The mine is projected to generate exports of more than $2.6 billion annually.

Courtesy: www.investing.com