Capital is flowing back into the Andes. The government has officially approved the inclusion of the Gualcamayo mining project under the “Large Investment Incentive Regime” (RIGI).

Confirmed by Economy Minister Luis “Toto” Caputo, this gold and silver development in the province of San Juan will mobilize $665 million USD and create 1,700 direct jobs.

Extending the Life of the Mine

Crucially, this investment isn’t just for exploration; it will extend the productive life of a mine that was nearing depletion by developing a “different type of mineralization.” This proves that the RIGI is effective not just for greenfield projects, but for revitalizing existing assets.

The $25 Billion Wave

With Gualcamayo, there are now 10 major projects approved under RIGI, totaling over $25 billion USD in committed capital. This includes:

• Vaca Muerta Sur Oil Pipeline: $2.48B.
• Rio Negro LNG Project: $2.9B.
• Rio Tinto Lithium Expansion: Salta province.

Why Investors Love RIGI

The regime offers tangible benefits that reduce the cost of capital in Argentina:

1. Corporate Tax Cut: From 35% down to 25%.
2. 0% Export Duties: Eliminating the dreaded “retenciones”.
3. VAT Recovery: Accelerated return of Value Added Tax.

Investor Takeaway: The approval of BHP and Lundin Mining projects (potentially the largest in history) is on the horizon. Argentina is rapidly becoming a top-tier jurisdiction for copper and lithium exposure.