en.Wedoany.com Reported - AISA Group plans to submit a new project called the G50 Plan through its subsidiary Minas Argentinas as part of a $1.5 billion investment, aiming to transform the Gualcamayo mining district into a long-term platform for mineral resource exploration and growth. The company's CEO and owner, Juan José Retamero, announced this during a meeting in Madrid between Argentine President Javier Milei and Spanish entrepreneurs.
The meeting, promoted by the Argentine Embassy in Spain and attended by Argentine Ambassador Wenceslao Bunge Saravia and Foreign Minister Pablo Quirno, was part of President Milei's visit to Spain to promote investment and introduce his economic reforms. The G50 Plan complements the already approved Large Investment Incentive Regime (RIGI) for the Deep Carbonate Project (DCP), which is expected to invest $665 million and generate $26.5 billion in exports between 2030 and 2055. The second RIGI project aims to expand scale, with the G50 Plan envisioning an intensive and continuous exploration strategy for the mining district to expand resource reserves, strengthen the operational pipeline, and sustain mine life. The plan considers gradually allocating funds over the coming decades, with the first phase accelerating the assessment of remaining resources within 24 to 36 months to increase short-term production while advancing the development of new areas within the district (38,000 hectares of mining concessions), including zones with potential for gold and industrial metals. In addition to AISA Group, other global company representatives participating in the meeting with the president included: Urbaser, ProEduca/UNIR, Hutchison Ports BEST, Platinum Equity, Ferrovial, Meliá Group, Prosegur, Fever, Emergent Cold LatAm, Naturgy, Bemberg Capital, Xtellus Capital Partners, PTP Group, and Acciona.
AISA Group's Mining Director, Nicolás Bareta, stated that the company views Gualcamayo as a mining district rather than a single mine, with opportunities lying in integrating the Deep Carbonate Project, brownfield exploration, new targets, and asset reassessment. The first RIGI project was approved in January 2026 and includes the development of the Deep Carbonate Project—a mineralized body beneath the old Gualcamayo production area—along with the construction, commissioning, and operation of a related processing plant. This operation currently holds 7.1 million ounces of gold resources and 4.9 million ounces of gold reserves, certified under NI 43-101 and JORC standards. Minas Argentinas General Manager Gabriel Corvo stated that Gualcamayo is no longer a declining operation but has become a promising mining district. The first RIGI ensured the feasibility of the Deep Carbonate Project; the second project aims to consolidate a long-term growth platform. Since acquiring Gualcamayo in 2023, AISA Group has driven operational continuity, financial restructuring, resource and reserve reclassification, and the resumption of exploration activities.
Founder and CEO Retamero emphasized that RIGI is a key tool for Argentina to transform its geological potential into actual investment, and the company will continue to bet on the country, the province of San Juan, and a modern, competitive, and long-term mining industry. With this new project submission, AISA Group reaffirms its commitment to Argentina's mining development and the construction of a production model based on private investment, local employment, international standards, and local value creation.
