Argentina Approves Vicuna Copper Project Investment of $9.7 Billion
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 3 days ago
0mins
Luis Caputo, Minister of Economy of the Argentine Republic, said on X, formerly Twitter: "The Evaluation Committee approved today the entry into the RIGI of the Vicuna copper project, in San Juan, developed by BHP and Lundin. With an initial investment of USD 9.7 billion-which could reach USD 18 billion according to company estimates-this is the largest mining project in our history and one of the five largest copper projects in the world. This project will generate exports of more than USD 2.6 billion per year and more than 30,000 direct and indirect jobs. More productive investment, more jobs, and more growth for Argentines."
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Analyst Views on BHP
Wall Street analysts forecast BHP stock price to fall
3 Analyst Rating
1 Buy
1 Hold
1 Sell
Hold
Current: 90.360
Low
49.50
Averages
56.50
High
68.00
Current: 90.360
Low
49.50
Averages
56.50
High
68.00
About BHP
BHP Group Limited is an Australia-based resources company. The Company is a producer of commodities, including iron ore, copper, nickel, potash and metallurgical (steelmaking) coal. It is focused on offering a range of resources, which provides copper for renewable energy; nickel for electric vehicles; potash for sustainable farming, and iron ore and metallurgical coal for the steel needed for global infrastructure and the energy transition. Its segments include Copper, Iron Ore, and Coal. Its Copper segment is engaged in mining of copper, silver, zinc, molybdenum, uranium, and gold. Its Iron Ore segment is engaged in mining of iron ore. Its Coal segment is engaged in mining of metallurgical coal and energy coal. The Company is also focused on operating Olympic Dam, Prominent Hill, and Carrapateena underground copper-gold mines in South Australia. Its operations are situated in Australia, Europe, China, Japan, India, South Korea, rest of Asia, North America, South America, and others.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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