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📰 Argentina Approves $665M Gold & Silver Mine Project Under Tax Break Program
Argentina’s RIGI large-investment tax incentive program has approved a $665 million expansion of the Gualcamayo gold and silver mine in the western San Juan province, marking continued mining sector growth under the initiative.
Investment approved: $665 million for the Gualcamayo project — the tenth project backed by the RIGI program.
Employment boost: Project expected to create ~1,700 direct jobs in the region.
RIGI impact: Total investment approved under the fiscal incentive scheme now exceeds $25 billion, highlighting Argentina’s effort to attract large mining capital.
Why It Matters:
The RIGI programme provides tax, customs, and exchange benefits to eligible projects, improving regulatory stability and lowering operational costs for major mining investments — a strategy to boost foreign investment and economic activity in Argentina’s resource sector.
Large-scale mining investments like Gualcamayo signal a pivot toward resource-led growth in Argentina and reflect strong demand for gold and silver amid elevated global prices, potentially supporting commodity supply and exports in coming years.
#Argentina #MiningNews #RIGI #Investment #EconomicGrowth $PAXG
Argentina’s RIGI large-investment tax incentive program has approved a $665 million expansion of the Gualcamayo gold and silver mine in the western San Juan province, marking continued mining sector growth under the initiative.
Investment approved: $665 million for the Gualcamayo project — the tenth project backed by the RIGI program.
Employment boost: Project expected to create ~1,700 direct jobs in the region.
RIGI impact: Total investment approved under the fiscal incentive scheme now exceeds $25 billion, highlighting Argentina’s effort to attract large mining capital.
Why It Matters:
The RIGI programme provides tax, customs, and exchange benefits to eligible projects, improving regulatory stability and lowering operational costs for major mining investments — a strategy to boost foreign investment and economic activity in Argentina’s resource sector.
Large-scale mining investments like Gualcamayo signal a pivot toward resource-led growth in Argentina and reflect strong demand for gold and silver amid elevated global prices, potentially supporting commodity supply and exports in coming years.
#Argentina #MiningNews #RIGI #Investment #EconomicGrowth $PAXG
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