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Vicuña Corp: Doubling Down on World-Class Copper Projects
9 Feb
Summary
- Investment to double to $800 million this year for copper projects.
- Projects are among the world's largest undeveloped copper deposits.
- Production expected to start in 2030, with a 25-year lifespan.
High in the Andes Mountains, Vicuña Corp. is significantly increasing its investment, aiming to invest around $800 million in 2026 in the Filo del Sol and Josemaría copper projects. These ventures, formed by BHP and Lundin Mining, are positioned among the globe's most significant undeveloped copper, gold, and silver deposits.
Argentina is strategically positioning itself to re-enter the global copper market, a metal crucial for electrification and facing projected shortages. The Vicuña District projects are slated to begin production in 2030, with a central processing plant at Josemaría designed for a 25-year operational life.
Argentina's President Javier Milei is actively seeking foreign capital, with Vicuña Corp. applying for government incentives for major export projects. The combined deposits hold substantial copper, gold, and silver resources. Despite logistical challenges in the high Andes, the district is described as a major discovery, with Filo del Sol being four times larger than Josemaría.
