BHP-backed mining company Vicuna has unveiled plans to invest $18 billion in large-scale copper development projects in Argentina, marking one of the biggest mining commitments in the country’s history. The investment will focus on advancing major copper assets located in Argentina’s mineral-rich regions, aimed at boosting long-term production capacity and supporting global demand driven by electrification and the energy transition.
The proposed investment is expected to be rolled out in phases, covering exploration, mine development, processing facilities, and supporting infrastructure. Vicuna said the projects would generate significant employment opportunities, strengthen local supply chains, and contribute to Argentina’s export earnings.
The announcement underscores growing international interest in Argentina’s copper potential, as global miners seek stable jurisdictions and high-quality resources to meet rising demand for critical minerals.