TNR Gold Corp has announced that McEwen Copper Inc. has applied to include the Los Azules copper project in Argentina’s Large Investment Incentive Regime (RIGI), aiming for potential tax reductions on a USD 2.7 billion investment, thus enhancing its appeal to investors and bolstering the mining sector.
TNR Gold Corp recently provided an update regarding its venture in Argentina. The company announced that McEwen Mining’s subsidiary, McEwen Copper Inc., has applied for the Los Azules copper project to be included in Argentina’s Large Investment Incentive Regime (RIGI). This project, which requires an estimated investment of USD 2.7 billion, is expected to leverage tax reductions and other benefits, enhancing its financial viability for investors.
TNR Gold Corp is pursuing significant investment opportunities through the Los Azules copper project, aiming to benefit from Argentina’s investment incentives. This strategy could not only bolster the project’s attractiveness but also stimulate the local mining sector and improve returns for stakeholders, highlighting Argentina’s inviting stance towards large-scale investments.
Original Source: www.tipranks.com
