One of the biggest mining discoveries of recent decades has just been confirmed and promises to significantly alter the economic panorama of a country in full financial restructuring. It is a rare gold, silver and copper mine, with the potential to influence international markets and transform the geopolitical balance in the production of essential raw materials.
A wealth hidden under the earth
According to the eleconomist, Argentina has just confirmed the existence of one of the largest copper, gold and silver deposits in the world, in a discovery that can decisively reinforce its currency reserves and consolidate its position as regional power in raw materials.
The revelation was made by mining company Vicuña, a joint venture (Business partnership between two or more companies to explore a common project) between Canadian Lundin Mining and Australian BHP, which is developing Filo del Sol and Josemaría projects, according to the same source.
Deposits are located in the province of San Juan, next to the Chilean border, extending to the Atacama region on the Chilean side.
Numbers that impress the Minas Gerais sector
According to data released this week, the Filo Del Sol and Josemaría mine brings together about 12.8 million tons of copper measured, 25.1 million tons of inferred copper, 32.2 million ounces of gold measures and 659 million measured silver.
These values put the Vicuña district among the top ten in the world in terms of copper mineral resources, which represents a historical opportunity for the Argentine economy.
Context favorable to exploration
According to Argentina crosses a process of economic restructuring. The reduction of inflation, the balance of public accounts and the increase in oil production in the Muerta cow deposit, which already exceeds 750,000 barrels a day, aroused the interest of international investors.
The discovery of new miners resources, such as this gold, silver and copper mine, comes at a strategic moment for the country, with the potential to accelerate economic recovery and reduce the dependence on external financing.
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DEBT PAYMENT SUPPORT
This new source of revenue could be decisive for the government of Javier Milei, which faces the challenge of honoring the commitments made with the International Monetary Fund.
In addition, swap contracts and credit lines established with China and other multilateral entities require booking reinforcement and greater financial stability.
Strategic Location and Binational Cooperation
The fact that deposits are located in a border zone may also stimulate greater binational cooperation with Chile, facilitating joint exploitation of logistics infrastructure and production flow.
The Atacama region is already a world reference in lithium and copper extraction, which could benefit the integrated development of the mining chain and the attraction of foreign investment.
Wealth with global impact
The growing worldwide demand for copper, due to the energy transition and the expansion of the battery industry, makes this discovered particularly relevant in a context of global scarcity.
Argentina may play a strategic role in the critical metal supply chain, changing not only its trade scale but also its geopolitical influence in South America.
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