Argentina says Taca-Taca copper project represents $5.25B investment

First Quantum Minerals has estimated a total investment of $5.25 billion at its Taca-Taca copper project in Argentina, the country’s foreign minister Pablo Quirno said on social media on Monday, following a meeting with the company’s CEO Tristan Pascall.

He added that 4,000 jobs are expected to be created during construction, with another 2,000 when the project is operational. Canada-based First Quantum is preparing to apply for the government’s RIGI investment incentive scheme, Quirno also said.

(By Aida Pelaez-Fernandez and Daina Beth Solomon)