Argentina's $337B Gold, Silver, Copper Discovery to Transform Global Metals Market
A monumental discovery in Argentina's San Juan Province has unearthed the largest gold, silver, and copper deposit in three decades. Valued at approximately $337 billion, this find could transform Argentina into a global metals market leader within the next decade.
The deposit, situated in the mountainous region, holds over 80 million ounces of precious metals and more than 12 million tons of copper. The Vicuña joint venture, led by Mogotes Metals Inc. and backed by Swiss Resource Capital AG, is driving its development.
Argentina's mining industry expansion, however, comes with significant environmental challenges. These include water usage, soil stability, and biodiversity preservation. The project aims to address these issues by employing cutting-edge extraction technologies and prioritising environmental responsibility.
The discovery's potential to diversify Argentina's economy and alter its financial trajectory is immense. With Argentina's newfound copper wealth, it becomes a key player in the global green energy transition.
The Vicuña joint venture between BHP and Lundin Mining is set to bring this remarkable resource to the stock market today. By combining global infrastructure, technological capabilities, and mineral extraction expertise, they aim to unlock Argentina's full potential in the global metals market while mitigating environmental risks.
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