Dump trucks and bulldozers operate at Barrick Gold Corp.’s Veladero gold mine in San Juan province, Argentina, on April 26, 2017. Marcos Brindicci/Reuters
Argentina’s Congress approved legislation April 9 to encourage investment in mining by narrowing the country’s broad protections on glaciers as part of President Javier Milei’s plan to unlock more mineral resources to transform the economy.
The newly reformed version of the Large Investment Incentive Regime, or RIGI, could attract over $30 billion in investment over the next decade—about 70 percent of which are slated for copper, gold, and silver projects, according to Milei, who is expected to sign the legislation in the next few days.
