en.Wedoany.com Reported - The copper mine project PSJ Cobre Mendocino in Argentina's Mendoza Province has been officially approved for inclusion in the country's Large Investment Incentive Regime (RIGI), with a total investment of USD 891 million. This progress provides key support for the project's technical, financial, and operational development. According to the plan, mine construction will commence in 2027.

PSJ Cobre Mendocino has received approval from Argentina's central government, becoming an admitted project under the Large Investment Incentive Regime. This regime is designed to provide predictability in tax, foreign exchange, and legal aspects for large-scale production projects, thereby reducing investment risks.

The project proponent disclosed that the total amount approved under RIGI is USD 891 million, covering investment, operation and maintenance, and mine closure costs. Among this, a specific allocation of USD 630 million is designated for the construction phase.

While administrative and financial approvals are progressing, PSJ Cobre Mendocino is carrying out related work on local supplier development, workforce training, and capacity building for communities surrounding the project.

Technical, infrastructure, and operational preparations are also underway simultaneously, with the goal of entering the construction phase in 2027 and completing the work on schedule.

The project is regarded as one of the most important copper projects in Mendoza Province, further strengthening local expectations for growth in metallic mining.

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