Curated News
By: NewsRamp Editorial Staff
September 29, 2025
McEwen's Los Azules Copper Project Wins Argentina's RIGI Approval
TLDR
- McEwen's Los Azeles copper project gains RIGI approval, securing a competitive edge with a $2.672 billion investment plan to become Argentina's first high-purity copper cathode producer.
- The RIGI approval process confirmed the technical and financial strength of Los Azules, which will use renewable energy and minimal water in its operations to produce copper cathodes.
- Los Azeles will create significant employment, boost local development, and generate over $30 billion in export revenues while aiming for carbon neutrality by 2038.
- Argentina's first regenerative copper mine project received historic approval, marking a major step toward producing high-purity copper cathodes with minimal environmental impact.
Impact - Why it Matters
This development matters because copper is essential for the global transition to clean energy and electrification, with demand projected to surge as electric vehicles, renewable energy infrastructure, and grid modernization accelerate. Argentina's approval of this $2.67 billion investment signals growing confidence in the country's mining sector and could attract further foreign investment. The project's commitment to sustainability and carbon neutrality by 2038 sets a new standard for responsible resource extraction. For global markets, increased copper production helps address potential supply shortages that could hinder the clean energy transition. For Argentina, the project represents significant economic benefits through export revenues, job creation, and tax income, potentially boosting the nation's position in the global mining landscape.
Summary
McEwen Inc. (NYSE: MUX) (TSX: MUX) has achieved a major milestone for its Los Azules copper project in Argentina's San Juan Province, securing approval to participate in the country's Large Investment Incentive Regime (RIGI). The designation, confirmed by Minister of Economy Luis Caputo, solidifies a massive US$2.672 billion investment plan that covers exploration, construction, and operational phases. This historic approval positions Los Azules to become Argentina's first producer of high-purity copper cathodes, marking a transformative moment for the nation's mining sector and economic development. The RIGI endorsement validates both the technical and financial strength of the project while reinforcing McEwen Copper's long-term commitment to Argentina.
The Los Azules project stands out for its sustainability-focused approach, emphasizing renewable energy integration, minimal water consumption, and meaningful contributions to local development. According to Michael Meding, Vice President of McEwen Copper and General Manager of the Los Azules Project, the approval underscores the company's dedication to responsible mining practices. The project's economic impact projections are substantial, with expectations of generating over US$30 billion in export revenues, creating significant employment opportunities, and boosting provincial and national tax revenues. These benefits align with Argentina's broader economic development goals while establishing a new standard for sustainable mining operations in the region.
McEwen Inc., a gold and silver producer with operations across the Americas, holds a 46.4% stake in McEwen Copper, the developer behind this advanced-stage project. Los Azules aims to become Argentina's first regenerative copper mine with carbon neutrality targeted by 2038. A June 2023 Preliminary Economic Assessment revealed impressive metrics including a $2.7 billion after-tax NPV, a 27-year mine life, and substantial copper resources totaling 10.9 billion pounds indicated and 26.7 billion pounds inferred. For detailed information about this groundbreaking development, readers can access the full press release through MiningNewsWire, which provides specialized coverage of global mining developments and maintains a comprehensive Dynamic Brand Portfolio within the IBN network.
Source Statement
This curated news summary relied on content disributed by InvestorBrandNetwork (IBN). Read the original source here, McEwen's Los Azules Copper Project Wins Argentina's RIGI Approval
