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First Quantum to seek Argentina RIGI tax incentives for $5.25B copper project

First Quantum Minerals is expected to apply for Argentina’s Large Investment Incentive Regime (RIGI) before the end of the year for its Taca Taca copper project, which carries an investment of up to $5.25 billion, Foreign Minister Pablo Quirno said. Taca Taca is one of the world’s largest undeveloped copper projects, with production targeted for 2030, a mine life of about 35 years and average annual output of roughly 290,000 tonnes in its first decade.

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AI take

The RIGI application is the tell here: Argentina's incentive regime has become the gate through which large-scale copper capital decides whether to commit, and First Quantum's move signals that fiscal frameworks, not geology, are the binding constraint on undeveloped deposits. Taca Taca's scale matters beyond the company — it would be a meaningful addition to global copper supply into the next decade, a market where new mine capacity is scarce. Whether other developers follow into RIGI, and whether approval timelines hold, is the open question worth tracking.

Generated by AI for reference only.

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