Argentina faces challenges in building infrastructure for new copper projects in the mountainous north due to lack of funding and support from the government. President Milei’s austerity campaign adds to the difficulty, but unconventional solutions like sharing infrastructure or using royalties may help. The country aims to triple mining export value to $15.4 billion by 2030, with copper projects alone potentially bringing in $5.2 billion annually. Projects in San Juan province, dubbed the “Vaca Muerta of copper,” could benefit from a new compensation program allowing miners to be repaid with royalties for infrastructure development. Miners are exploring cost-saving measures like sharing infrastructure and seeking private sector involvement in infrastructure projects. Governor Saenz of Salta hopes for federal government support to attract investment in projects like the Taca Taca copper mine.
Read more at Yahoo Finance: Analysis-Argentina’s copper dreams need infrastructure
