https://www.northernminer.com/
Argentine President Javier Milei, who took office two years ago in a chainsaw-wielding campaign against big government, has slashed inflation by nearly two-thirds after gutting public spending and halting money printing to finance the deficit.
His Incentive Regime for Large Investments of more than $200 million (C$285 million), known by its Spanish acronym RIGI, offers 25% corporate income tax instead of 35%, plans regulatory stability for 30 years and, in a major shift, allows external arbitration over disputes.
“He’s changed the ground rules significantly,” Rob McEwen, founder and executive chairman of McEwen Mining(TSX, NYSE: MUX), which is advancing the roughly $3-billion capex Los Azules copper project in the country, said by phone. “He’s going to cut out the bureaucracy, get permitting faster, get the money invested and attract the capital.”
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