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Argentina’s new investment regime receives mixed reception in mining sector

The large investment incentive regime (RIGI) in Argentina was welcomed by the local mining industry, but it excludes small and medium-sized companies that are key allies in the value chain and that now want their own law.

Before congress approved the RIGI and the framework law of Javier Milei’s government to raise foreign currency and stimulate the economy, South Korea’s Posco, state-owned Coal India, local steelmaker Sidersa and Canada’s American Salars Lithium had expressed interest in joining the investor plan.

The RIGI offers tax, customs and exchange benefits for 30 years for projects with capex of over US$200mn in areas such as mining and steel.

“It has several elements of the mining investment law, but now it provides more guarantees so that those principles are met,” Mario Juárez, principal mining consultant at TerraOmnia Mining Consultancy, told BNamericas.

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